Shares of Radware Ltd. (NASDAQ:RDWR) have received an average recommendation of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $28.00.
A number of brokerages have recently weighed in on RDWR. BidaskClub cut shares of Radware from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Barclays restated a “buy” rating and issued a $30.00 price objective on shares of Radware in a research note on Thursday, August 2nd. Finally, Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Wednesday, October 10th.
Institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Radware by 80.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the information technology services provider’s stock worth $168,000 after buying an additional 2,959 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Radware in the second quarter worth $230,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Radware in the second quarter worth $385,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Radware by 55.4% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,744 shares of the information technology services provider’s stock worth $423,000 after buying an additional 5,966 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Radware by 13.1% in the second quarter. US Bancorp DE now owns 23,407 shares of the information technology services provider’s stock worth $591,000 after buying an additional 2,715 shares during the last quarter. Institutional investors and hedge funds own 62.85% of the company’s stock.
RDWR stock opened at $23.54 on Friday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of -196.17, a price-to-earnings-growth ratio of 8.43 and a beta of 1.02. Radware has a 12 month low of $18.00 and a 12 month high of $28.50.
Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, August 1st. The information technology services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Radware had a net margin of 0.59% and a return on equity of 0.20%. The company had revenue of $57.30 million during the quarter, compared to the consensus estimate of $56.60 million. During the same period in the previous year, the firm posted $0.03 earnings per share. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. On average, sell-side analysts predict that Radware will post 0.14 EPS for the current fiscal year.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
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