Needham & Company LLC reaffirmed their buy rating on shares of Radware Ltd. (NASDAQ:RDWR) in a research note released on Wednesday morning. The brokerage currently has a $14.00 price objective on the stock.
Other equities analysts also recently issued research reports about the company. Zacks Investment Research downgraded Radware from a buy rating to a hold rating in a research report on Friday, July 29th. DA Davidson set a $15.00 price objective on Radware and gave the stock a buy rating in a research report on Monday, October 10th. Oppenheimer Holdings Inc. reiterated a hold rating on shares of Radware in a research report on Monday, October 10th. Finally, Imperial Capital reiterated an outperform rating and set a $15.00 price objective on shares of Radware in a research report on Monday, July 25th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Radware presently has a consensus rating of Hold and a consensus price target of $15.43.
Radware (NASDAQ:RDWR) opened at 12.29 on Wednesday. The company has a market cap of $540.07 million, a P/E ratio of 646.84 and a beta of 1.22. Radware has a 52-week low of $9.98 and a 52-week high of $16.66. The stock’s 50 day moving average price is $13.43 and its 200-day moving average price is $12.18.
Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. The firm had revenue of $49.60 million for the quarter, compared to analyst estimates of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. The business’s revenue was down 11.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, equities analysts predict that Radware will post $0.33 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in Radware during the second quarter worth approximately $114,000. Geode Capital Management LLC boosted its stake 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 stake 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 stake 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 purchased a new stake in shares of Radware during the second quarter worth $752,000. Institutional investors own 63.35% 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.
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