Radware Ltd. (RDWR) PT Raised to $22.00
Radware Ltd. (NASDAQ:RDWR) had its price target hoisted by stock analysts at Barclays PLC from $19.00 to $22.00 in a research note issued on Thursday. The brokerage currently has an “overweight” rating on the information technology services provider’s stock. Barclays PLC’s price target points to a potential upside of 25.43% from the company’s current price.
Other research analysts also recently issued research reports about the stock. BidaskClub upgraded shares of Radware from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Needham & Company LLC restated a “buy” rating and set a $21.00 price objective (up previously from $19.00) on shares of Radware in a report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $22.00 price objective on shares of Radware in a report on Thursday, August 3rd. Imperial Capital restated an “outperform” rating and set a $21.00 price objective (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Radware from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $19.25.
Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.06. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue was up 2.8% compared to the same quarter last year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of RDWR. ETF Managers Group LLC bought a new stake in Radware in the second quarter valued at about $40,097,000. Ion Asset Management Ltd. increased its stake in Radware by 18.7% in the second quarter. Ion Asset Management Ltd. now owns 1,753,275 shares of the information technology services provider’s stock valued at $30,753,000 after acquiring an additional 276,780 shares during the period. Renaissance Technologies LLC increased its stake in Radware by 66.2% in the first quarter. Renaissance Technologies LLC now owns 480,897 shares of the information technology services provider’s stock valued at $7,771,000 after acquiring an additional 191,597 shares during the period. Wellington Management Group LLP increased its stake in Radware by 130.8% in the first quarter. Wellington Management Group LLP now owns 331,979 shares of the information technology services provider’s stock valued at $5,365,000 after acquiring an additional 188,139 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Radware by 1,224.2% in the first quarter. Goldman Sachs Group Inc. now owns 159,412 shares of the information technology services provider’s stock valued at $2,576,000 after acquiring an additional 147,374 shares during the period. 60.71% of the stock is currently owned by institutional investors and hedge funds.
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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