TheStreet upgraded shares of Radware (NASDAQ:RDWR) from a c+ rating to a b- rating in a research report report published on Thursday morning, TheStreetRatingsTable reports.
A number of other equities research analysts have also recently commented on the company. BidaskClub cut Radware from a sell rating to a strong sell rating in a research note on Saturday, September 7th. Zacks Investment Research upgraded Radware from a hold rating to a buy rating and set a $26.00 price target for the company in a report on Saturday, November 9th.
Shares of RDWR opened at $24.00 on Thursday. The business’s 50 day moving average price is $23.29 and its 200-day moving average price is $24.27. Radware has a 52 week low of $21.43 and a 52 week high of $26.98. The stock has a market cap of $1.14 billion, a P/E ratio of 82.76, a P/E/G ratio of 2.26 and a beta of 0.89.
Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, November 6th. The information technology services provider reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.13. The company had revenue of $62.86 million during the quarter, compared to analyst estimates of $62.84 million. Radware had a return on equity of 7.41% and a net margin of 9.33%. The firm’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same quarter last year, the company earned $0.15 EPS. As a group, sell-side analysts forecast that Radware will post 0.59 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the business. Optimum Investment Advisors purchased a new position in Radware in the third quarter worth about $32,000. Quantamental Technologies LLC grew its holdings in shares of Radware by 324.2% during the second quarter. Quantamental Technologies LLC now owns 2,346 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 1,793 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Radware during the second quarter valued at approximately $101,000. Point72 Asset Management L.P. purchased a new stake in shares of Radware during the third quarter valued at approximately $119,000. Finally, Wells Fargo & Company MN increased its position in shares of Radware by 127.7% during the second quarter. Wells Fargo & Company MN now owns 4,948 shares of the information technology services provider’s stock valued at $122,000 after acquiring an additional 2,775 shares in the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.
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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