Radware Ltd. (NASDAQ:RDWR) has been assigned a $15.00 price target by research analysts at DA Davidson in a research report issued on Monday. The firm currently has a a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 19.14% from the company’s previous close.
Several other equities research analysts have also recently issued reports on RDWR. Zacks Investment Research upgraded shares of Radware from a “sell” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, July 6th. Imperial Capital reiterated an “outperform” rating and issued a $15.00 price target on shares of Radware in a research report on Monday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Radware currently has a consensus rating of “Buy” and an average price target of $15.43.
Shares of Radware (NASDAQ:RDWR) traded down 0.40% on Monday, reaching $12.54. 210,818 shares of the company traded hands. The firm has a market capitalization of $551.06 million, a P/E ratio of 660.00 and a beta of 1.22. The stock has a 50-day moving average price of $13.56 and a 200 day moving average price of $12.17. Radware has a 1-year low of $9.98 and a 1-year high of $16.66.
Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Radware had a net margin of 0.42% and a return on equity of 2.04%. The company had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $49.57 million. During the same quarter last year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was down 11.4% on a year-over-year basis. Analysts anticipate that Radware will post $0.33 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new position in shares of Radware during the second quarter worth approximately $114,000. Geode Capital Management LLC boosted its position in shares of Radware by 104.5% in the first quarter. Geode Capital Management LLC now owns 32,276 shares of the company’s stock worth $381,000 after buying an additional 16,490 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Radware by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 39,233 shares of the company’s stock worth $442,000 after buying an additional 4,907 shares during the last quarter. Swiss National Bank boosted its position in shares of Radware by 78.8% in the second quarter. Swiss National Bank now owns 65,100 shares of the company’s stock worth $733,000 after buying an additional 28,700 shares during the last quarter. Finally, Numeric Investors LLC acquired a new position in shares of Radware during the second quarter worth approximately $752,000. 63.27% of the stock is owned by institutional investors and hedge funds.
Radware Company Profile
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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