Zacks Investment Research lowered shares of Radware Ltd. (NASDAQ:RDWR) from a buy rating to a hold rating in a report issued on Thursday.

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) “

RDWR has been the topic of several other reports. Needham & Company LLC reissued a buy rating and set a $14.00 target price on shares of Radware in a report on Wednesday. Oppenheimer Holdings Inc. reissued a hold rating on shares of Radware in a report on Monday. Imperial Capital reaffirmed an outperform rating and issued a $15.00 price objective on shares of Radware in a research note on Monday, July 25th. Finally, DA Davidson set a $15.00 price objective on Radware and gave the company a buy rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $15.43.

Analyst Recommendations for Radware (NASDAQ:RDWR)

Radware (NASDAQ:RDWR) traded down 1.36% on Thursday, hitting $12.31. The company had a trading volume of 37,278 shares. The firm has a market capitalization of $540.95 million, a PE ratio of 647.89 and a beta of 1.23. Radware has a 12-month low of $9.98 and a 12-month high of $16.66. The firm has a 50-day moving average price of $13.47 and a 200-day moving average price of $12.18.

Radware (NASDAQ:RDWR) last released 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. 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%. Radware’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities research analysts anticipate that Radware will post $0.33 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. acquired a new stake in shares of Radware during the second quarter worth $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 during 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 during 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 during the last quarter. Finally, Numeric Investors LLC acquired a new stake in shares of Radware during the second quarter worth $752,000. Institutional investors and hedge funds own 63.27% 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.

5 Day Chart for NASDAQ:RDWR

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