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) “
A number of other brokerages have also weighed in on RDWR. Colliers Securities lowered Radware from a “buy” rating to a “neutral” rating in a research report on Thursday, February 11th. Barclays lifted their price target on Radware from $28.00 to $33.00 in a research report on Thursday, February 11th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.00.
Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, February 10th. The information technology services provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Radware had a return on equity of 4.87% and a net margin of 5.70%. The company had revenue of $69.05 million for the quarter, compared to the consensus estimate of $67.69 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. Radware’s revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Radware will post 0.37 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the business. US Bancorp DE raised its stake in shares of Radware by 15.0% in the fourth quarter. US Bancorp DE now owns 6,700 shares of the information technology services provider’s stock worth $186,000 after purchasing an additional 874 shares during the last quarter. Aperio Group LLC increased its position in Radware by 6.4% during the fourth quarter. Aperio Group LLC now owns 10,949 shares of the information technology services provider’s stock valued at $304,000 after acquiring an additional 654 shares during the last quarter. LPL Financial LLC increased its position in Radware by 13.6% during the third quarter. LPL Financial LLC now owns 13,742 shares of the information technology services provider’s stock valued at $333,000 after acquiring an additional 1,645 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Radware during the third quarter valued at $334,000. Finally, Walleye Capital LLC purchased a new stake in Radware during the fourth quarter valued at $359,000. Institutional investors and hedge funds own 70.45% of the company’s stock.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
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