Is Radware Ltd. (RDWR) a Buy? The Stock Formed Wedge Up

July 14, 2018 - By Nadine Davis

Radware Ltd. (NASDAQ:RDWR) Logo

The stock of Radware Ltd. (RDWR) formed an up wedge with $29.79 target or 8.00 % above today’s $27.58 share price. The 9 months wedge indicates low risk for the $1.23 billion company. If the $29.79 price target is reached, the company will be worth $98.32M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock increased 1.14% or $0.31 during the last trading session, reaching $27.58. About 413,266 shares traded or 126.41% up from the average. Radware Ltd. (NASDAQ:RDWR) has risen 33.98% since July 14, 2017 and is uptrending. It has outperformed by 21.41% the S&P500.

Radware Ltd. (NASDAQ:RDWR) Ratings Coverage

Among 4 analysts covering Radware (NASDAQ:RDWR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Radware had 5 analyst reports since February 6, 2018 according to SRatingsIntel. The rating was maintained by Needham on Wednesday, February 21 with “Buy”. The firm has “Buy” rating given on Wednesday, February 7 by Needham. The stock of Radware Ltd. (NASDAQ:RDWR) earned “In-Line” rating by Imperial Capital on Tuesday, February 6. Jefferies maintained it with “Buy” rating and $25.0 target in Wednesday, February 7 report.

Another recent and important Radware Ltd. (NASDAQ:RDWR) news was published by Nasdaq.com which published an article titled: “Radware Anti-DDoS Defenses Actively Shield Veon Customers During World Cup 2018” on June 25, 2018.

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company has market cap of $1.23 billion. The firm offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber command and control application. It currently has negative earnings. It also provides cloud emergency response team, attack mitigation, and firewall services; and subscription security update and RSA fraud action feed.

Radware Ltd. (NASDAQ:RDWR) Ratings Chart

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