Radware (NASDAQ:RDWR) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Radware Ltd. (NASDAQ:RDWR)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.83 and traded as high as $27.15. Radware shares last traded at $27.02, with a volume of 157,771 shares traded.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RDWR shares. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Friday, March 27th. Wall Street Zen downgraded shares of Radware from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Jefferies Financial Group set a $25.00 price objective on shares of Radware in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Radware currently has an average rating of “Hold” and an average target price of $30.00.

Radware Stock Up 2.7%

The business has a fifty day moving average of $25.16 and a 200 day moving average of $24.83. The firm has a market cap of $1.15 billion, a P/E ratio of 60.05 and a beta of 0.87.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 11th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.02. The firm had revenue of $80.25 million for the quarter, compared to analysts’ expectations of $78.65 million. Radware had a return on equity of 7.21% and a net margin of 6.71%.The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share. On average, sell-side analysts expect that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Radware announced that its Board of Directors has authorized a share repurchase plan on Friday, February 13th that permits the company to repurchase $80.00 million in outstanding shares. This repurchase authorization permits the information technology services provider to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Farther Finance Advisors LLC increased its stake in Radware by 3,178.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock valued at $29,000 after purchasing an additional 1,176 shares in the last quarter. Simplex Trading LLC boosted its position in shares of Radware by 51.4% during the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after purchasing an additional 524 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA boosted its position in shares of Radware by 47.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after purchasing an additional 550 shares in the last quarter. Global Retirement Partners LLC acquired a new position in shares of Radware in the 4th quarter valued at $49,000. Finally, Pacer Advisors Inc. grew its holdings in shares of Radware by 200.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider’s stock valued at $62,000 after buying an additional 1,563 shares during the period. Institutional investors and hedge funds own 73.12% of the company’s stock.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.