Radware Ltd. (RDWR) Given Buy Rating at Needham & Company LLC
Radware Ltd. (NASDAQ:RDWR)‘s stock had its “buy” rating restated by equities research analysts at Needham & Company LLC in a research report issued on Wednesday. They presently have a $14.00 target price on the stock. Needham & Company LLC’s target price points to a potential upside of 11.02% from the company’s current price.
Several other equities research analysts have also recently weighed in on RDWR. Zacks Investment Research cut shares of Radware from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. DA Davidson set a $15.00 price objective on shares of Radware and gave the stock a “buy” rating in a research report on Monday. Oppenheimer Holdings Inc. reaffirmed a “hold” rating on shares of Radware in a research report on Monday. Finally, 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 analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $15.43.
Shares of Radware (NASDAQ:RDWR) traded down 0.87% on Wednesday, hitting $12.50. 96,171 shares of the stock traded hands. The stock has a 50 day moving average of $13.53 and a 200-day moving average of $12.17. The stock has a market cap of $549.30 million, a PE ratio of 657.89 and a beta of 1.23. Radware has a 1-year low of $9.98 and a 1-year high of $16.66.
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-given-buy-rating-at-needham-company-llc.html
Radware (NASDAQ:RDWR) last announced its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The company earned $49.60 million during the quarter, compared to analysts’ expectations of $49.57 million. Radware had a net margin of 0.42% and a return on equity of 2.04%. Radware’s quarterly revenue was down 11.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 earnings per share. On average, equities research analysts expect that Radware will post $0.33 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of Radware during the second quarter valued at approximately $114,000. Geode Capital Management LLC increased 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 in the last quarter. Bank of New York Mellon Corp increased its position 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 in the last quarter. Swiss National Bank increased its position 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 in the last quarter. Finally, Numeric Investors LLC purchased a new position in Radware during the second quarter valued at about $752,000. 63.27% of the stock is owned by hedge funds and other institutional investors.
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.