Radware Sees Unusually Large Options Volume (RDWR)

Radware Ltd. (NASDAQ:RDWR) was the recipient of some unusual options trading on Thursday. Traders bought 1,526 put options on the company. This represents an increase of 2,531% compared to the typical daily volume of 58 put options.

NASDAQ:RDWR opened at $22.32 on Friday. Radware has a 52 week low of $18.00 and a 52 week high of $28.50. The stock has a market cap of $996.94 million, a PE ratio of -186.00, a price-to-earnings-growth ratio of 5.59 and a beta of 1.04.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, November 7th. The information technology services provider reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.04. Radware had a return on equity of 1.81% and a net margin of 2.58%. The firm had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $58.14 million. During the same period last year, the firm earned $0.04 EPS. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Analysts predict that Radware will post 0.22 earnings per share for the current fiscal year.

A number of research firms have recently commented on RDWR. BidaskClub cut Radware from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 22nd. Berenberg Bank began coverage on Radware in a research report on Thursday, November 29th. They set a “buy” rating and a $30.00 target price on the stock. Zacks Investment Research upgraded Radware from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Wednesday, October 10th. Finally, Oppenheimer set a $30.00 target price on Radware and gave the company a “buy” rating in a research report on Wednesday, November 7th. One investment analyst has rated the stock with a sell rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Radware has an average rating of “Buy” and a consensus price target of $29.00.

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE boosted its holdings in Radware by 13.1% in the 2nd 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. Acadian Asset Management LLC boosted its holdings in Radware by 155.3% in the 3rd quarter. Acadian Asset Management LLC now owns 1,792,713 shares of the information technology services provider’s stock worth $47,451,000 after buying an additional 1,090,520 shares during the last quarter. EAM Global Investors LLC acquired a new stake in Radware in the 3rd quarter worth about $2,215,000. Granahan Investment Management Inc. MA boosted its holdings in Radware by 9.5% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 203,366 shares of the information technology services provider’s stock worth $5,141,000 after buying an additional 17,615 shares during the last quarter. Finally, United Services Automobile Association boosted its holdings in Radware by 9.5% in the 2nd quarter. United Services Automobile Association now owns 203,165 shares of the information technology services provider’s stock worth $5,136,000 after buying an additional 17,600 shares during the last quarter. Institutional investors own 67.26% of the company’s stock.

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About Radware

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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