Radware Ltd. (RDWR) Earns Buy Rating from Needham & Company LLC
Radware Ltd. (NASDAQ:RDWR)‘s stock had its “buy” rating reissued by Needham & Company LLC in a research report issued to clients and investors on Wednesday. They currently have a $14.00 target price on the stock. Needham & Company LLC’s price target indicates a potential upside of 11.02% from the stock’s current price.
Several other research firms have also recently weighed in on RDWR. Zacks Investment Research raised Radware from a “sell” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Wednesday, July 6th. Imperial Capital reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Radware in a report on Monday, July 25th. DA Davidson set a $15.00 price target on Radware and gave the company a “buy” rating in a report on Monday. Finally, Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Radware in a report on Monday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $15.43.
Radware (NASDAQ:RDWR) traded down 0.87% during midday trading on Wednesday, hitting $12.50. The stock had a trading volume of 91,129 shares. Radware has a 52 week low of $9.98 and a 52 week high of $16.66. The company has a 50-day moving average price of $13.53 and a 200-day moving average price of $12.17. The stock has a market cap of $549.30 million, a P/E ratio of 657.89 and a beta of 1.23.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/12/radware-ltd-rdwr-earns-buy-rating-from-needham-company-llc.html
Radware (NASDAQ:RDWR) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, beating the 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 quarter last year, the firm posted $0.23 EPS. The company’s revenue was down 11.4% compared to the same quarter last year. Equities analysts expect that Radware will post $0.33 EPS for the current year.
A number of institutional investors have recently bought and sold shares of RDWR. Goldman Sachs Group Inc. raised its position in Radware by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,723,472 shares of the company’s stock valued at $20,389,000 after buying an additional 18,406 shares during the last quarter. Suffolk Capital Management LLC raised its position in Radware by 17.8% in the second quarter. Suffolk Capital Management LLC now owns 260,692 shares of the company’s stock valued at $2,935,000 after buying an additional 39,304 shares during the last quarter. Credit Agricole S A raised its position in Radware by 392.1% in the first quarter. Credit Agricole S A now owns 184,960 shares of the company’s stock valued at $2,188,000 after buying an additional 147,374 shares during the last quarter. Renaissance Technologies LLC raised its position in Radware by 338.5% in the first quarter. Renaissance Technologies LLC now owns 121,900 shares of the company’s stock valued at $1,442,000 after buying an additional 94,100 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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. 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.
Receive News & Ratings for Radware Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.