Radware Ltd. (NASDAQ:RDWR)‘s stock had its “hold” rating restated by Oppenheimer Holdings Inc. in a note issued to investors on Monday.

A number of other equities analysts have also weighed in on RDWR. Zacks Investment Research upgraded Radware from a “sell” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Wednesday, July 6th. Imperial Capital reiterated an “outperform” rating and issued a $15.00 price target on shares of Radware in a research report 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 report on Monday. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $15.43.

Analyst Recommendations for Radware (NASDAQ:RDWR)

Radware (NASDAQ:RDWR) traded down 0.40% on Monday, hitting $12.54. 210,818 shares of the stock were exchanged. The company’s 50-day moving average is $13.56 and its 200-day moving average is $12.17. The company has a market cap of $551.06 million, a PE ratio of 660.00 and a beta of 1.22. Radware has a 52 week low of $9.98 and a 52 week high of $16.66.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The company 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 company’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. On average, analysts predict that Radware will post $0.33 earnings per share for the current year.

A number of large investors have recently made changes to their positions in RDWR. Credit Agricole S A increased its stake in Radware by 392.1% in the first quarter. Credit Agricole S A now owns 184,960 shares of the company’s stock worth $2,188,000 after buying an additional 147,374 shares during the period. Goldman Sachs Group Inc. increased its stake in Radware by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,723,472 shares of the company’s stock worth $20,389,000 after buying an additional 18,406 shares during the period. Geode Capital Management LLC increased its stake in 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 period. Renaissance Technologies LLC increased its stake in Radware by 338.5% in the first quarter. Renaissance Technologies LLC now owns 121,900 shares of the company’s stock worth $1,442,000 after buying an additional 94,100 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in 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 period. 63.27% of the stock is 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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