Radware Ltd. (NASDAQ:RDWR) has been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $18.36.

RDWR has been the topic of several research reports. BidaskClub downgraded shares of Radware from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Jefferies Group LLC restated a “buy” rating and set a $22.00 price objective on shares of Radware in a report on Thursday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $21.00 price objective (up previously from $19.00) on shares of Radware in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Imperial Capital restated an “outperform” rating and set a $21.00 price objective (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th.

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Radware (NASDAQ:RDWR) remained flat at $17.38 on Tuesday. 108,048 shares of the company’s stock were exchanged. Radware has a 1-year low of $11.46 and a 1-year high of $18.33. The firm has a 50-day moving average price of $17.61 and a 200-day moving average price of $16.85. The firm’s market cap is $761.61 million.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.06. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue was up 2.8% compared to the same quarter last year. On average, equities research analysts forecast that Radware will post $0.14 EPS for the current year.

Hedge funds have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Radware by 8.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after buying an additional 535 shares during the last quarter. Balter Liquid Alternatives LLC acquired a new stake in Radware during the second quarter worth $198,000. Aperio Group LLC acquired a new stake in Radware during the second quarter worth $210,000. US Bancorp DE boosted its stake in Radware by 142.2% in the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after buying an additional 9,248 shares during the last quarter. Finally, KCG Holdings Inc. boosted its stake in Radware by 46.2% in the first quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock worth $255,000 after buying an additional 4,984 shares during the last quarter. 60.07% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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