Radware Ltd. (RDWR) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Radware Ltd. (NASDAQ:RDWR) have received a consensus rating of “Buy” from the eight analysts that are presently covering the company. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $14.67.
RDWR has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of Radware in a report on Wednesday, October 12th. DA Davidson set a $15.00 price objective on shares of Radware and gave the company a “buy” rating in a report on Monday, October 10th. Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, September 28th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Radware in a report on Monday, October 10th. Finally, Imperial Capital reiterated an “outperform” rating and issued a $15.00 price objective on shares of Radware in a report on Monday, July 25th.
Radware (NASDAQ:RDWR) traded up 0.59% during trading on Tuesday, hitting $13.63. 28,909 shares of the stock were exchanged. The stock’s market capitalization is $596.34 million. Radware has a 52 week low of $9.98 and a 52 week high of $16.66. The firm has a 50-day moving average of $12.82 and a 200-day moving average of $12.52.
Radware (NASDAQ:RDWR) last issued its earnings results on Tuesday, November 1st. The company reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The business had revenue of $46.90 million for the quarter, compared to the consensus estimate of $47.08 million. Radware had a negative net margin of 1.13% and a positive return on equity of 1.12%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.10 earnings per share. Equities research analysts anticipate that Radware will post $0.20 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC acquired a new stake in shares of Radware during the third quarter worth about $397,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Radware by 20.5% in the third quarter. D. E. Shaw & Co. Inc. now owns 86,216 shares of the company’s stock worth $1,185,000 after buying an additional 14,645 shares during the last quarter. Perkins Investment Management LLC boosted its stake in shares of Radware by 7.5% in the third quarter. Perkins Investment Management LLC now owns 1,626,397 shares of the company’s stock worth $22,347,000 after buying an additional 114,056 shares during the last quarter. Harber Asset Management LLC boosted its stake in shares of Radware by 22.5% in the third quarter. Harber Asset Management LLC now owns 249,268 shares of the company’s stock worth $3,425,000 after buying an additional 45,814 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Radware by 33.6% in the third quarter. Morgan Stanley now owns 1,924,348 shares of the company’s stock worth $26,440,000 after buying an additional 483,761 shares during the last quarter. 64.39% of the stock is owned by institutional investors.
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.
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