Radware Ltd. (NASDAQ:RDWR) has earned an average recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $18.07.

Several research analysts recently weighed in on RDWR shares. Dougherty & Co upgraded shares of Radware from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.50 to $18.50 in a research report on Tuesday, April 25th. Oppenheimer Holdings, Inc. set a $17.00 price objective on shares of Radware and gave the stock a “buy” rating in a research report on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and issued a $18.50 price objective on shares of Radware in a research report on Friday, March 3rd. Needham & Company LLC upped their price objective on shares of Radware from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Radware from a “sell” rating to a “hold” rating and set a $19.00 price objective on the stock in a research report on Wednesday, April 26th.

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Radware (RDWR) traded down 0.40% during midday trading on Tuesday, hitting $17.58. 514,454 shares of the stock were exchanged. The company’s 50 day moving average is $17.37 and its 200 day moving average is $15.66. Radware has a 1-year low of $10.68 and a 1-year high of $18.33. The company’s market capitalization is $759.90 million.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, April 25th. The information technology services provider reported ($0.05) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.05). The company had revenue of $48.90 million for the quarter, compared to analysts’ expectations of $47.87 million. Radware had a negative net margin of 5.07% and a negative return on equity of 1.41%. Radware’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 earnings per share. Analysts predict that Radware will post $0.16 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the company. Ellington Management Group LLC purchased a new stake in shares of Radware during the fourth quarter valued at about $152,000. US Bancorp DE raised its stake in Radware by 142.2% in the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after buying an additional 9,248 shares during the period. KCG Holdings Inc. raised its stake in Radware by 46.2% in the first quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock worth $255,000 after buying an additional 4,984 shares during the period. Oxford Asset Management bought a new stake in Radware during the first quarter worth $270,000. Finally, Geode Capital Management LLC raised its stake in Radware by 8.2% in the first quarter. Geode Capital Management LLC now owns 23,795 shares of the information technology services provider’s stock worth $384,000 after buying an additional 1,797 shares during the period. 63.37% of the stock is owned by institutional investors and hedge funds.

About Radware

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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