Barclays Maintains Their Buy Rating on Radware Ltd

In a report released yesterday, Joseph Wolf from Barclays maintained a Buy rating on Radware Ltd (NASDAQ: RDWR), with a price target of $25. The company’s shares opened today at $23.14, close to its 52-week high of $23.29.

According to TipRanks.com, Wolf is a 3-star analyst with an average return of 3.6% and a 51.2% success rate. Wolf covers the Consumer Goods sector, focusing on stocks such as Keysight Technologies, Lumentum Holdings, and Finisar Corp.

Currently, the analyst consensus on Radware Ltd is Strong Buy and the average price target is $25.25, representing a 9.1% upside.

In a report released yesterday, Oppenheimer also assigned a Buy rating to the stock with a $25 price target.

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Based on Radware Ltd’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $58.45 million and quarterly net profit of $2.12 million. In comparison, last year the company earned revenue of $48.91 million and had a GAAP net loss of $4.08 million.

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Radware Ltd. engages in the provision of application delivery and cyber security solutions for virtual, cloud, and software defined data centers. Its products include application and network security, and application delivery.