Radware’s (RDWR) “Hold” Rating Reaffirmed at Oppenheimer Holdings Inc.
Radware Ltd. (NASDAQ:RDWR)‘s stock had its “hold” rating reissued by equities research analysts at Oppenheimer Holdings Inc. in a research note issued to investors on Monday.
A number of other research analysts have also recently issued reports on RDWR. DA Davidson set a $15.00 target price on Radware and gave the company a “buy” rating in a research note on Monday. Zacks Investment Research raised Radware from a “sell” rating to a “buy” rating and set a $12.00 target price for the company in a research note on Wednesday, July 6th. Finally, Imperial Capital reissued an “outperform” rating and issued a $15.00 target price on shares of Radware in a research note 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 presently has a consensus rating of “Buy” and an average target price of $15.43.
Radware (NASDAQ:RDWR) traded down 0.40% during midday trading on Monday, hitting $12.54. The stock had a trading volume of 210,818 shares. The stock has a 50-day moving average of $13.56 and a 200-day moving average of $12.17. The firm has a market cap of $551.06 million, a P/E ratio of 660.00 and a beta of 1.22. Radware has a 52 week low of $9.98 and a 52 week high of $16.66.
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Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS 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 business earned $49.60 million during the quarter, compared to analysts’ expectations of $49.57 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. Analysts forecast 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. Vanguard Group Inc. bought a new stake in Radware during the second quarter valued at about $114,000. Geode Capital Management LLC raised its stake in 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 during the last quarter. Bank of New York Mellon Corp raised its stake in 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 during the last quarter. Swiss National Bank raised its stake in 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 during the last quarter. Finally, Numeric Investors LLC bought a new stake in Radware during the second quarter valued at about $752,000. Institutional investors and hedge funds own 63.27% of the company’s stock.
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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