DA Davidson set a $15.00 price objective on Radware Ltd. (NASDAQ:RDWR) in a research note issued to investors on Monday morning. The brokerage currently has a a buy rating on the stock.

Several other research firms also recently weighed in on RDWR. Zacks Investment Research upgraded Radware from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Wednesday, September 28th. 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $15.43.

Radware (NASDAQ:RDWR) traded down 0.48% during mid-day trading on Monday, reaching $12.53. The company’s stock had a trading volume of 212,218 shares. The company has a 50-day moving average price of $13.56 and a 200-day moving average price of $12.17. Radware has a 12-month low of $9.98 and a 12-month high of $16.66. The firm has a market cap of $550.62 million, a PE ratio of 659.47 and a beta of 1.22.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $49.60 million for 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 quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. On average, equities research analysts expect that Radware will post $0.33 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Harber Asset Management LLC purchased a new position in Radware during the second quarter valued at $2,291,000. Ameriprise Financial Inc. purchased a new position in Radware during the second quarter valued at $2,163,000. Credit Agricole S A boosted its position in Radware by 392.1% in the first quarter. Credit Agricole S A now owns 184,960 shares of the company’s stock valued at $2,188,000 after buying an additional 147,374 shares during the last quarter. Renaissance Technologies LLC boosted its position in Radware by 338.5% in the first quarter. Renaissance Technologies LLC now owns 121,900 shares of the company’s stock valued at $1,442,000 after buying an additional 94,100 shares during the last quarter. Finally, State Street Corp boosted its position 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 last quarter. 63.27% of the stock is currently owned by hedge funds and other institutional investors.

About Radware

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.

5 Day Chart for NASDAQ:RDWR

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