According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “
Other equities research analysts have also issued reports about the stock. DA Davidson set a $15.00 target price on shares of Radware and gave the stock a buy rating in a research note on Monday, October 10th. Oppenheimer Holdings Inc. reaffirmed a hold rating on shares of Radware in a research note on Monday, October 10th. Imperial Capital reaffirmed an outperform rating and issued a $15.00 price target on shares of Radware in a research note on Monday, July 25th. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $14.00 price target on shares of Radware in a research note on Wednesday, October 12th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Radware presently has an average rating of Hold and an average target price of $15.43.
Radware (NASDAQ:RDWR) opened at 12.35 on Thursday. The stock has a market cap of $542.71 million, a price-to-earnings ratio of 650.00 and a beta of 1.23. The firm’s 50 day moving average price is $13.37 and its 200 day moving average price is $12.20. Radware has a 12 month low of $9.98 and a 12 month high of $16.66.
Radware (NASDAQ:RDWR) last posted its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $49.60 million for the quarter, compared to analyst estimates of $49.57 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue for the quarter was down 11.4% on a year-over-year basis. On average, equities research analysts predict that Radware will post $0.33 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new stake in Radware during the second quarter worth approximately $114,000. Geode Capital Management LLC increased 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 in the last quarter. Bank of New York Mellon Corp increased 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 in the last quarter. Swiss National Bank increased 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 in the last quarter. Finally, Numeric Investors LLC purchased a new stake in shares of Radware during the second quarter worth about $752,000. Institutional investors own 63.35% of the company’s stock.
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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