Radware Ltd. (NASDAQ:RDWR) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $22.10.
Several equities research analysts have recently issued reports on the stock. Barclays set a $24.00 price target on shares of Radware and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of Radware from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. Needham & Company LLC lifted their price objective on shares of Radware from $23.00 to $24.50 and gave the company a “buy” rating in a research note on Thursday, February 8th. Dougherty & Co lifted their price objective on shares of Radware from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, BidaskClub lowered shares of Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th.
A number of institutional investors have recently added to or reduced their stakes in the stock. Senvest Management LLC grew its stake in Radware by 4.6% in the 3rd quarter. Senvest Management LLC now owns 5,990,375 shares of the information technology services provider’s stock valued at $100,998,000 after buying an additional 263,014 shares in the last quarter. Renaissance Technologies LLC grew its stake in Radware by 33.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,186,300 shares of the information technology services provider’s stock valued at $23,014,000 after buying an additional 298,900 shares in the last quarter. BlackRock Inc. grew its stake in Radware by 24.1% in the 4th quarter. BlackRock Inc. now owns 407,962 shares of the information technology services provider’s stock valued at $7,915,000 after buying an additional 79,326 shares in the last quarter. Deutsche Bank AG grew its stake in Radware by 23.0% in the 4th quarter. Deutsche Bank AG now owns 388,992 shares of the information technology services provider’s stock valued at $7,546,000 after buying an additional 72,728 shares in the last quarter. Finally, Millennium Management LLC grew its stake in Radware by 164.2% in the 4th quarter. Millennium Management LLC now owns 354,307 shares of the information technology services provider’s stock valued at $6,874,000 after buying an additional 220,195 shares in the last quarter. Institutional investors and hedge funds own 59.04% of the company’s stock.
Shares of Radware (RDWR) traded down $0.25 during mid-day trading on Tuesday, hitting $21.09. 212,581 shares of the stock traded hands, compared to its average volume of 201,902. Radware has a 12 month low of $15.13 and a 12 month high of $21.65. The stock has a market cap of $927.86, a price-to-earnings ratio of -131.81, a P/E/G ratio of 33.03 and a beta of 1.00.
Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The company had revenue of $58.50 million during the quarter, compared to analyst estimates of $55.93 million. During the same quarter last year, the business posted $0.06 EPS. Radware’s quarterly revenue was up 13.2% compared to the same quarter last year. equities research analysts expect that Radware will post 0.03 EPS for the current year.
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Radware Company Profile
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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