BidaskClub upgraded shares of Radware (NASDAQ:RDWR) from a sell rating to a hold rating in a research report released on Thursday morning, BidAskClub reports.
RDWR has been the subject of several other research reports. Zacks Investment Research lowered shares of Radware from a buy rating to a hold rating in a research report on Wednesday, March 13th. ValuEngine lowered shares of Radware from a strong-buy rating to a buy rating in a research report on Wednesday, May 1st. Finally, TheStreet lowered shares of Radware from a b rating to a c+ rating in a report on Thursday, May 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $29.60.
Shares of Radware stock traded down $0.20 during trading hours on Thursday, hitting $24.40. The company’s stock had a trading volume of 16,013 shares, compared to its average volume of 179,813. Radware has a 1-year low of $21.43 and a 1-year high of $28.50. The firm has a market capitalization of $1.11 billion, a P/E ratio of 84.14, a PEG ratio of 3.39 and a beta of 0.90.
Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.13. Radware had a net margin of 7.09% and a return on equity of 5.54%. The company had revenue of $61.40 million during the quarter, compared to analyst estimates of $59.43 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. Sell-side analysts forecast that Radware will post 0.41 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDWR. Cadian Capital Management LP grew its holdings in Radware by 17.1% during the 1st quarter. Cadian Capital Management LP now owns 4,272,749 shares of the information technology services provider’s stock valued at $111,647,000 after purchasing an additional 622,978 shares in the last quarter. Morgan Stanley grew its holdings in Radware by 37.3% during the 1st quarter. Morgan Stanley now owns 2,005,579 shares of the information technology services provider’s stock valued at $52,406,000 after purchasing an additional 544,692 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Radware during the 1st quarter valued at $13,039,000. Ibex Investors LLC acquired a new stake in Radware during the 1st quarter valued at $12,292,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in Radware during the 1st quarter valued at $6,511,000. 74.76% of the stock is owned by institutional investors and hedge funds.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers 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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