Radware Stock Hits New 52-Week High (RDWR)

NEW YORK ( TheStreet) -- Radware (Nasdaq: RDWR) hit a new 52-week high Thursday as it is currently trading at $37.36, above its previous 52-week high of $37.31 with 325,809 shares traded as of 3:35 p.m. ET. Average volume has been 104,100 shares over the past 30 days.

Radware has a market cap of $659.7 million and is part of the technology sector and computer software & services industry. Shares are up 21% year to date as of the close of trading on Wednesday.

Radware Ltd. provides application delivery solutions and network security solutions to banks, insurance companies, manufacturing and retail, government agencies, media companies, and service providers worldwide. The company has a P/E ratio of 27.1, below the average computer software & services industry P/E ratio of 39 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Radware as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Radware Ratings Report.

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