Radware (NASDAQ: RDWR) was upgraded by investment analysts at RBC Capital (NYSE: RY) from a “sector perform” rating to an “outperform” rating in a note issued to investors on Thursday.
Separately, analysts at Zacks Investment Research downgraded shares of Radware from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 28th.
Radware Ltd. (Radware) develops, manufactures and markets integrated networking solutions that allow its enterprise and carrier customers to deliver their mission critical applications between data centers and remote locations, over all critical points in the network. Radware solutions, in all situations, include both Application Delivery and Network Security solutions. The Company’s Application Delivery and Network Security solutions enable customers to manage their network infrastructure, bypass systems failures, scale their application performance and secure their Internet protocol (IP) traffic. The Application Delivery solution domain consists of simple load balancing application switches (Layer 4-7) targeted at the medium to large-size business sector for simple applications (SLB). In March 2009, the Company completed the acquisition of Layer 4-7 application delivery business from Nortel Networks Ltd., Nortel Networks Inc. and other Nortel entities (Nortel).
Radware opened at 32.64 on Thursday. Radware has a 1-year low of $18.98 and a 1-year high of $43.13. The stock has a 50-day moving average of $30.59 and a 200-day moving average of $27.52. The company has a market cap of $687.1 million and a price-to-earnings ratio of 40.65.
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