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 $38.27, above its previous 52-week high of $38 with 37,409 shares traded as of 10:38 a.m. ET. Average volume has been 140,400 shares over the past 30 days.

Radware has a market cap of $795.7 million and is part of the technology sector and computer software & services industry. Shares are up 27.4% 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 39.7, above the average computer software & services industry P/E ratio of 39.3 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. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Radware Ratings Report.

See all 52-week high stocks or get investment ideas from our investment research center.

If you liked this article you might like

Buffalo Wild Wings, 6 More Stocks Making Big Moves With Unusual Volume

Cisco Reports Next in Weak Quarter for IT Spending

Juniper's Poor Performance May Have Ripple Effects at Cisco, Rivals

Microsoft Unveils First Laptop, Twitter Turns to Moments: Tech Winners & Losers

Radware (RDWR) Stock Falls on Third Quarter Warning