Radware Ltd. (NASDAQ:RDWR) – Equities research analysts at Jefferies Group dropped their Q2 2018 earnings estimates for Radware in a report issued on Wednesday. Jefferies Group analyst G. Notter now anticipates that the information technology services provider will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03.
A number of other equities analysts have also recently commented on RDWR. Zacks Investment Research cut Radware from a “hold” rating to a “sell” rating in a report on Saturday. Barclays set a $24.00 target price on Radware and gave the company a “buy” rating in a report on Wednesday, February 7th. BidaskClub upgraded Radware from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Dougherty & Co lifted their price objective on Radware from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Needham & Company LLC lifted their price objective on Radware from $23.00 to $24.50 and gave the company a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Radware has a consensus rating of “Buy” and a consensus price target of $22.07.
Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Radware had a negative return on equity of 1.77% and a negative net margin of 3.55%. The company had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $55.93 million. During the same period last year, the business posted $0.06 EPS. Radware’s revenue for the quarter was up 13.2% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of RDWR. JPMorgan Chase & Co. lifted its stake in Radware by 122.8% during the second quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock worth $1,622,000 after purchasing an additional 50,955 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Radware by 8.3% in the second quarter. Wells Fargo & Company MN now owns 54,877 shares of the information technology services provider’s stock valued at $963,000 after purchasing an additional 4,217 shares during the period. Ameriprise Financial Inc. acquired a new position in shares of Radware in the second quarter valued at approximately $1,369,000. Vanguard Group Inc. increased its holdings in shares of Radware by 24.1% in the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after purchasing an additional 3,101 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Radware by 2.2% during the second quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock worth $3,308,000 after acquiring an additional 4,100 shares during the period. Hedge funds and other institutional investors own 61.44% of the company’s stock.
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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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