Radware (NASDAQ:RDWR) Given Coverage Optimism Rating of 0.08
Press coverage about Radware (NASDAQ:RDWR) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Radware earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave media stories about the information technology services provider an impact score of 45.7833262463 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Radware (NASDAQ RDWR) traded down 0.57% on Friday, reaching $17.30. 129,017 shares of the company’s stock traded hands. The firm’s market capitalization is $758.10 million. The firm’s 50 day moving average is $17.63 and its 200 day moving average is $16.75. Radware has a 52 week low of $11.46 and a 52 week high of $18.33.
Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.06. The firm had revenue of $50.96 million during the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative return on equity of 2.14% and a negative net margin of 6.41%. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 earnings per share. Analysts expect that Radware will post $0.14 earnings per share for the current fiscal year.
Radware declared that its Board of Directors has initiated a share buyback plan on Tuesday, April 25th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the information technology services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.
Several brokerages have recently weighed in on RDWR. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 target price on shares of Radware in a research note on Thursday, August 3rd. Needham & Company LLC increased their target price on shares of Radware from $18.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. BidaskClub downgraded shares of Radware from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Dougherty & Co raised shares of Radware from a “neutral” rating to a “buy” rating and increased their target price for the company from $16.50 to $18.50 in a research note on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $18.44.
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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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