Needham & Company LLC reaffirmed their buy rating on shares of Radware (NASDAQ:RDWR) in a research note published on Wednesday morning, MarketBeat reports. Needham & Company LLC currently has a $26.00 target price on the information technology services provider’s stock, up from their prior target price of $24.50.
Other equities research analysts also recently issued reports about the stock. BidaskClub upgraded shares of Radware from a strong sell rating to a sell rating in a research report on Monday, February 5th. Barclays set a $24.00 price objective on shares of Radware and gave the stock a buy rating in a research report on Wednesday, February 7th. Zacks Investment Research downgraded shares of Radware from a hold rating to a sell rating in a research report on Saturday, February 10th. Finally, Dougherty & Co raised their price objective on shares of Radware from $22.00 to $24.00 and gave the stock a buy rating in a research report on Thursday, February 1st. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $22.29.
Shares of Radware (NASDAQ RDWR) opened at $21.09 on Wednesday. Radware has a 1 year low of $15.13 and a 1 year high of $21.65.
Radware (NASDAQ:RDWR) last issued its quarterly earnings data 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. The firm had revenue of $58.50 million during the quarter, compared to the consensus estimate of $55.93 million. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. equities analysts predict that Radware will post 0.03 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new stake in shares of Radware in the third quarter valued at approximately $206,000. GSA Capital Partners LLP acquired a new stake in shares of Radware in the third quarter valued at approximately $234,000. OxFORD Asset Management LLP acquired a new stake in shares of Radware in the third quarter valued at approximately $242,000. Quadrature Capital Ltd acquired a new stake in shares of Radware in the fourth quarter valued at approximately $259,000. Finally, Trexquant Investment LP acquired a new stake in shares of Radware in the third quarter valued at approximately $274,000. Institutional investors own 59.04% of the company’s stock.
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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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