Radware Ltd. (RDWR) Receives Average Rating of “Hold” from Brokerages
Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $15.50.
Several brokerages have commented on RDWR. Zacks Investment Research downgraded shares of Radware from a “buy” rating to a “hold” rating in a research report on Thursday, October 13th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price target on shares of Radware in a report on Wednesday, October 12th. Imperial Capital reiterated an “outperform” rating and set a $15.00 price target on shares of Radware in a report on Monday, July 25th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Radware in a report on Monday, October 10th. Finally, DA Davidson set a $15.00 price target on shares of Radware and gave the stock a “buy” rating in a report on Monday, October 10th.
Several hedge funds have recently modified their holdings of the company. Numeric Investors LLC acquired a new stake in shares of Radware during the second quarter valued at $752,000. Harber Asset Management LLC acquired a new stake in shares of Radware during the second quarter valued at $2,291,000. State Street Corp boosted 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 in the last quarter. Sirios Capital Management L P boosted 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 valued at $17,611,000 after buying an additional 22,653 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted 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 valued at $2,349,000 after buying an additional 71,217 shares in the last quarter. 63.35% of the stock is currently owned by institutional investors.
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Shares of Radware (NASDAQ:RDWR) traded up 0.0203% during mid-day trading on Tuesday, reaching $12.3125. The company had a trading volume of 108,565 shares. The firm has a market capitalization of $541.06 million, a price-to-earnings ratio of 648.0263 and a beta of 1.22. The stock has a 50 day moving average of $13.40 and a 200-day moving average of $12.19. Radware has a one year low of $9.98 and a one year high of $16.66.
Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Radware had a net margin of 0.42% and a return on equity of 2.04%. The business earned $49.60 million during the quarter, compared to the consensus estimate of $49.57 million. During the same period in the previous year, the business earned $0.23 earnings per share. The company’s revenue was down 11.4% on a year-over-year basis. Equities analysts predict that Radware will post $0.33 EPS for the current year.
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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