Radware Ltd. (RDWR) Given a $15.00 Price Target at DA Davidson
Radware Ltd. (NASDAQ:RDWR) received a $15.00 price objective from investment analysts at DA Davidson in a note issued to investors on Monday. The brokerage presently has a a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 19.14% from the stock’s previous close.
Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Radware from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Imperial Capital reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Radware in a research report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Radware has a consensus rating of “Buy” and an average target price of $15.43.
Shares of Radware (NASDAQ:RDWR) traded up 0.08% on Monday, reaching $12.60. 257,397 shares of the company’s stock were exchanged. The firm has a market cap of $553.69 million, a PE ratio of 663.16 and a beta of 1.22. The company has a 50 day moving average price of $13.56 and a 200 day moving average price of $12.17. Radware has a one year low of $9.98 and a one year high of $16.66.
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Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Radware had a return on equity of 2.04% and a net margin of 0.42%. The firm had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $49.57 million. During the same period in the previous year, the firm earned $0.23 EPS. The business’s quarterly revenue was down 11.4% on a year-over-year basis. Analysts expect that Radware will post $0.33 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the company. Numeric Investors LLC purchased a new stake in Radware during the second quarter worth about $752,000. Harber Asset Management LLC purchased a new stake in Radware during the second quarter worth about $2,291,000. State Street Corp increased its stake in Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock worth $1,817,000 after buying an additional 89,717 shares during the last quarter. Sirios Capital Management L P increased its stake in 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. Finally, BlackRock Institutional Trust Company N.A. increased its stake in 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. 63.27% of the stock is currently owned by institutional investors and hedge funds.
Radware Company Profile
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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