Radware Reaches New 52-Week High (RDWR)

NEW YORK ( TheStreet) -- Radware (Nasdaq: RDWR) hit a new 52-week high Wednesday as it is currently trading at $40.06, above its previous 52-week high of $39.48 with 176,304 shares traded as of 9:35 a.m. ET. Average volume has been 145,200 shares over the past 30 days.

Radware has a market cap of $765.5 million and is part of the technology sector and computer software & services industry. Shares are up 27.2% year to date as of the close of trading on Tuesday.

Radware Ltd. develops, manufactures, and markets integrated networking solutions worldwide. Its solutions include application delivery and network security solutions. The company has a P/E ratio of 42.9, above the average computer software & services industry P/E ratio of 33.8 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, robust revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Radware Ratings Report.

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