For its second fiscal quarter (ending June 30), Radware Ltd (NASDAQ: RDWR) has reported E.P.S. of $0.04 compared to $-0.13 a year ago. E.P.S. were $-0.29 for the latest four quarters through June 30 versus $-0.36 for the same period a year ago.
Recent Price Action
On 7/31/24, Radware Ltd (NASDAQ: RDWR) stock enjoyed a major increase of 22.5%, closing at $22.66. Moreover, this advance was accompanied by unusually high trading volume at 166% of normal. Relative to the market the stock has been strong over the last nine months and has risen 25.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, RDWR is expected to continue to be a Value Builder.
Radware has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Radware has a very low Appreciation Score of 12 but a slightly positive Power Rating of 63, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information and very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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