Radware Ltd. (RDWR) Earns “Hold” Rating from Oppenheimer Holdings Inc.
Radware Ltd. (NASDAQ:RDWR)‘s stock had its “hold” rating reiterated by research analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Monday.
Several other research firms have also commented on RDWR. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, September 28th. DA Davidson set a $15.00 price objective on Radware and gave the stock a “buy” rating in a report on Monday. Finally, Imperial Capital reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Radware in a report on Monday, July 25th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $15.43.
Shares of Radware (NASDAQ:RDWR) traded down 0.56% during trading on Monday, hitting $12.52. The company had a trading volume of 221,597 shares. Radware has a 52-week low of $9.98 and a 52-week high of $16.66. The firm has a market capitalization of $550.18 million, a P/E ratio of 658.95 and a beta of 1.22. The stock’s 50-day moving average is $13.56 and its 200 day moving average is $12.17.
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Radware (NASDAQ:RDWR) last posted its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The firm had revenue of $49.60 million for the quarter, compared to analyst estimates of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. Radware’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 earnings per share. Equities research analysts predict that Radware will post $0.33 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the company. Harber Asset Management LLC acquired a new stake in shares of Radware during the second quarter valued at $2,291,000. State Street Corp increased its stake in shares of Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock valued at $1,817,000 after buying an additional 89,717 shares during the period. Sirios Capital Management L P increased its stake in shares of Radware by 1.5% in the second quarter. Sirios Capital Management L P now owns 1,564,059 shares of the company’s stock worth $17,611,000 after buying an additional 22,653 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Radware by 51.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 208,589 shares of the company’s stock worth $2,349,000 after buying an additional 71,217 shares during the last quarter. Finally, Vanguard Group Inc. purchased a new stake in shares of Radware during the second quarter worth approximately $114,000. Institutional investors and hedge funds own 63.27% of the company’s stock.
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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