A number of other equities research analysts have also recently weighed in on RDWR. Zacks Investment Research upgraded Radware from a sell rating to a buy rating and set a $12.00 price target on the stock in a research note on Wednesday, July 6th. Imperial Capital restated an outperform rating and issued a $15.00 price target on shares of Radware in a research note on Monday, July 25th. Finally, DA Davidson set a $15.00 price target on Radware and gave the company a buy rating in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $15.43.
Radware (NASDAQ:RDWR) opened at 12.48 on Monday. The company has a market cap of $548.42 million, a price-to-earnings ratio of 656.84 and a beta of 1.23. The company’s 50-day moving average is $13.49 and its 200-day moving average is $12.18. Radware has a 12 month low of $9.98 and a 12 month high of $16.66.
Radware (NASDAQ:RDWR) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company earned $49.60 million during the quarter, compared to the consensus estimate of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. The firm’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Radware will post $0.33 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Harber Asset Management LLC bought a new stake in Radware during the second quarter valued at about $2,291,000. State Street Corp raised its stake in Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock valued at $1,817,000 after buying an additional 89,717 shares during the period. Sirios Capital Management L P raised its stake in Radware by 1.5% in the second quarter. Sirios Capital Management L P now owns 1,564,059 shares of the company’s stock valued at $17,611,000 after buying an additional 22,653 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in Radware by 51.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 208,589 shares of the company’s stock valued at $2,349,000 after buying an additional 71,217 shares during the period. Finally, Vanguard Group Inc. bought a new stake in Radware during the second quarter valued at about $114,000. Hedge funds and other institutional investors own 63.27% of the company’s stock.
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.
Receive News & Ratings for Radware Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.