Can Radware Ltd. (RDWR)’s Tomorrow be Different? The Stock Formed a Double Top Chart Pattern

September 17, 2017 - By Henry Gaston

The chart of Radware Ltd. (RDWR) shows a double top with $16.81 target or 3.00 % above today’s $16.32 share price. The 9 months chart pattern indicates low risk for the $722.65 million company. It was reported on Sep, 17 by Finviz.com. If the $16.81 price target is reached, the company will be worth $21.68 million more. Double tops are rare but powerful chart patterns.

The stock decreased 3.26% or $0.55 on September 15, reaching $16.32. About 2.40M shares traded or 939.02% up from the average. Radware Ltd. (NASDAQ:RDWR) has risen 64.61% since September 17, 2016 and is uptrending. It has outperformed by 47.91% the S&P500.

Wall Street await Radware Ltd. (NASDAQ:RDWR) to release earnings on November, 7. Analysts forecast EPS of $-0.04, down exactly $0.02 or 100.00 % from 2014’s $-0.02 EPS. After posting $-0.05 EPS for the previous quarter, Radware Ltd.’s analysts now forecast -20.00 % EPS growth.

Radware Ltd. (NASDAQ:RDWR) Ratings Coverage

Among 9 analysts covering Radware (NASDAQ:RDWR), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Radware had 22 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, June 6. Needham maintained the stock with “Buy” rating in Wednesday, October 7 report. The firm has “Buy” rating by Jefferies given on Wednesday, August 2. Imperial Capital maintained the shares of RDWR in report on Thursday, October 8 with “Outperform” rating. RBC Capital Markets maintained Radware Ltd. (NASDAQ:RDWR) on Monday, November 2 with “Sector Perform” rating. The rating was maintained by Imperial Capital with “Outperform” on Wednesday, July 29. The firm earned “Buy” rating on Thursday, February 4 by Needham. Imperial Capital maintained the stock with “Outperform” rating in Monday, February 8 report. The stock has “Outperform” rating by Oppenheimer on Friday, November 11. On Wednesday, November 2 the stock rating was downgraded by DA Davidson to “Neutral”.

More recent Radware Ltd. (NASDAQ:RDWR) news were published by: Seekingalpha.com which released: “Radware’s (RDWR) CEO Roy Zisapel on Q2 2017 Results – Earnings Call Transcript” on August 02, 2017. Also Nasdaq.com published the news titled: “Implied Volatility Surging for Radware (RDWR) Stock Options” on September 14, 2017. Seekingalpha.com‘s news article titled: “Radware Acquires Seculert For Machine Learning” with publication date: January 31, 2017 was also an interesting one.

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