Radware Ltd. (RDWR) Given Consensus Recommendation of “Buy” by Brokerages
Radware Ltd. (NASDAQ:RDWR) has been given a consensus rating of “Buy” by the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $18.07.
Several equities analysts have weighed in on the company. Dougherty & Co upgraded Radware from a “neutral” rating to a “buy” rating and raised their target price for the company from $16.50 to $18.50 in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. set a $17.00 target price on Radware and gave the company a “buy” rating in a report on Tuesday, April 25th. Needham & Company LLC raised their target price on Radware from $18.00 to $19.00 and gave the company a “buy” rating in a report on Wednesday, April 26th. Zacks Investment Research upgraded Radware from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Wednesday, April 26th. Finally, Jefferies Group LLC raised their target price on Radware from $18.50 to $20.00 and gave the company a “buy” rating in a report on Friday, April 28th.
Shares of Radware (RDWR) remained flat at $17.39 during midday trading on Monday. The stock had a trading volume of 127,593 shares. The company has a 50-day moving average of $17.69 and a 200-day moving average of $15.97. The company’s market capitalization is $751.68 million. Radware has a 1-year low of $11.30 and a 1-year high of $18.33.
Radware (NASDAQ:RDWR) last posted its earnings results on Tuesday, April 25th. The information technology services provider reported ($0.05) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). Radware had a negative return on equity of 1.41% and a negative net margin of 5.07%. The company had revenue of $48.90 million for the quarter, compared to analyst estimates of $47.87 million. During the same period last year, the company earned $0.05 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Analysts expect that Radware will post $0.16 EPS for the current fiscal year.
Several large investors have recently modified their holdings of RDWR. US Bancorp DE increased its stake in shares of Radware by 142.2% in the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock valued at $254,000 after buying an additional 9,248 shares in the last quarter. KCG Holdings Inc. increased its stake in shares of Radware by 46.2% in the first quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 4,984 shares in the last quarter. Oxford Asset Management acquired a new stake in shares of Radware during the first quarter valued at about $270,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Radware by 60.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,087 shares of the information technology services provider’s stock valued at $405,000 after buying an additional 9,451 shares in the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Radware during the first quarter valued at about $514,000. 63.37% of the stock is currently owned by 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.
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