Stock Rating Upgrade
The Value Trend Rating for Radware Ltd (NASDAQ: RDWR) improved of late from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Radware Ltd (NASDAQ: RDWR) stock declined by -2.1%, closing at $21.47. However, this decline was accompanied by exceptionally low trading volume at 26% of normal. Relative to the market the stock has been strong over the last nine months but has declined -3.7% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. 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 good Power Rating of 81, leading to the Low Neutral Value Trend Rating.
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