Radware Ltd. (NASDAQ:RDWR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “

Separately, Imperial Capital reaffirmed an “outperform” rating and set a $15.00 target price on shares of Radware in a research report on Monday, July 25th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.22.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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Shares of Radware (NASDAQ:RDWR) opened at 13.77 on Thursday. The company has a market cap of $605.11 million, a PE ratio of 724.74 and a beta of 1.34. Radware has a 12 month low of $9.98 and a 12 month high of $17.54. The stock has a 50 day moving average of $13.40 and a 200-day moving average of $11.99.

Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. Radware had a return on equity of 2.04% and a net margin of 0.42%. The company had revenue of $49.60 million for the quarter, compared to analyst estimates of $49.57 million. During the same period in the prior year, the firm earned $0.23 earnings per share. Radware’s revenue for the quarter was down 11.4% on a year-over-year basis. Equities analysts forecast that Radware will post $0.33 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in shares of Radware during the second quarter valued at about $114,000. Geode Capital Management LLC raised its stake in shares of Radware by 104.5% in the first quarter. Geode Capital Management LLC now owns 32,276 shares of the company’s stock valued at $381,000 after buying an additional 16,490 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Radware by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 39,233 shares of the company’s stock valued at $442,000 after buying an additional 4,907 shares in the last quarter. Swiss National Bank raised its stake in shares of Radware by 78.8% in the second quarter. Swiss National Bank now owns 65,100 shares of the company’s stock valued at $733,000 after buying an additional 28,700 shares in the last quarter. Finally, BlackRock Fund Advisors raised its stake in shares of Radware by 135.1% in the first quarter. BlackRock Fund Advisors now owns 65,522 shares of the company’s stock valued at $775,000 after buying an additional 37,653 shares in the last quarter. 63.27% of the stock is owned by hedge funds and other institutional investors.

Radware Company Profile

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