Shares of Radware Ltd. (NASDAQ:RDWR) saw unusually-strong trading volume on Wednesday . Approximately 110,421 shares traded hands during trading, a decline of 5% from the previous session’s volume of 116,785 shares.The stock last traded at $13.61 and had previously closed at $13.64.

Several research analysts have recently issued reports on RDWR shares. Needham & Company LLC dropped their price objective on shares of Radware from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, May 4th. Zacks Investment Research downgraded shares of Radware from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Finally, Imperial Capital restated an “outperform” rating and set a $15.00 price objective on shares of Radware in a report on Saturday, May 14th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Radware presently has a consensus rating of “Hold” and an average target price of $16.22.

The stock has a market cap of $587.53 million and a PE ratio of 703.68. The company’s 50-day moving average price is $12.62 and its 200-day moving average price is $11.64.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. During the same quarter in the previous year, the business posted $0.23 earnings per share. The company earned $49.60 million during the quarter, compared to analyst estimates of $49.57 million. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities research analysts predict that Radware Ltd. will post $0.33 EPS for the current year.

An institutional investor recently raised its position in Radware stock. Wells Fargo & Company MN increased its position in shares of Radware Ltd. (NASDAQ:RDWR) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 952,842 shares of the company’s stock after buying an additional 163,950 shares during the period. Wells Fargo & Company MN owned 2.12% of Radware worth $14,617,000 at the end of the most recent quarter.

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