Shares of Radware Ltd. (NASDAQ:RDWR) have received an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $30.50.
A number of equities analysts have recently issued reports on the stock. BidaskClub lowered shares of Radware from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Zacks Investment Research downgraded shares of Radware from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 9th. TheStreet downgraded shares of Radware from a “b” rating to a “c+” rating in a research note on Thursday, May 2nd. Finally, ValuEngine downgraded shares of Radware from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cadian Capital Management LP increased its stake in Radware by 17.1% in the first quarter. Cadian Capital Management LP now owns 4,272,749 shares of the information technology services provider’s stock valued at $111,647,000 after purchasing an additional 622,978 shares in the last quarter. Morgan Stanley increased its stake in Radware by 37.3% in the first quarter. Morgan Stanley now owns 2,005,579 shares of the information technology services provider’s stock valued at $52,406,000 after purchasing an additional 544,692 shares in the last quarter. Rice Hall James & Associates LLC bought a new stake in Radware in the first quarter valued at approximately $13,039,000. Ibex Investors LLC bought a new stake in Radware in the first quarter valued at approximately $12,292,000. Finally, Monarch Partners Asset Management LLC bought a new stake in Radware in the first quarter valued at approximately $6,511,000. 71.17% of the stock is owned by institutional investors and hedge funds.
NASDAQ RDWR traded up $0.25 on Thursday, reaching $24.44. The company’s stock had a trading volume of 9,451 shares, compared to its average volume of 220,526. The stock has a market cap of $1.08 billion, a P/E ratio of 84.03, a PEG ratio of 3.44 and a beta of 0.84. Radware has a 52 week low of $21.43 and a 52 week high of $28.50.
Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.13. The firm had revenue of $61.40 million for the quarter, compared to analyst estimates of $59.43 million. Radware had a net margin of 7.09% and a return on equity of 5.54%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, equities analysts predict that Radware will post 0.39 EPS for the current year.
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
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