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Radware Ltd. (NASDAQ:RDWR) stock reached a significant milestone, hitting a 52-week high of 28.7 USD. This marks a notable achievement for the company, reflecting strong market performance over the past year. According to InvestingPro data, the company maintains a "GOOD" financial health score, with impressive gross profit margins of 81%. The stock’s ascent to this level underscores a remarkable 64.3% increase in its value over the last 12 months. With analyst targets ranging from $24.51 to $30.00, and technical indicators suggesting overbought conditions, investors seeking deeper insights can access the comprehensive Pro Research Report available on InvestingPro. This robust growth trajectory highlights investor confidence and the company’s strategic initiatives, which have contributed to its impressive market standing, though current prices indicate the stock may be trading above its Fair Value. As Radware continues to navigate the competitive landscape, this 52-week high serves as a testament to its resilience and potential for future growth, supported by analysts’ expectations of net income growth this year.
In other recent news, Radware reported its financial results for the first quarter of 2025, complying with its reporting obligations through a Form 6-K filing with the SEC. Although specific figures were not disclosed, such filings typically provide detailed financial data, including income statements and balance sheets, offering insights into the company’s financial health. In addition, Jefferies analyst Joseph Gallo raised the price target for Radware shares to $25 from $24, maintaining a Hold rating. This adjustment follows Radware’s report of a first-quarter Annual Recurring Revenue (ARR) of $230 million, which aligns with consensus expectations and shows a 9% year-over-year growth. Gallo attributed this growth to strong new cloud bookings and an increase in cloud customers, noting that macroeconomic factors and tariffs had minimal impact on Radware’s performance. Meanwhile, Skyhawk Security, a spin-off of Radware, announced the appointment of Jennifer Duman as its new Channel Director. Duman is set to lead the company’s channel-first strategy across North America and EMEA, leveraging her extensive industry experience. Skyhawk Security continues to focus on cloud threat detection and response, addressing the increasing concerns over cloud breaches.
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