Radware (NASDAQ:RDWR) Given “Hold” Rating at Needham & Company LLC

Radware (NASDAQ:RDWR)‘s stock had its “hold” rating restated by equities researchers at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports.

A number of other research firms have also weighed in on RDWR. StockNews.com raised shares of Radware from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. Barclays lifted their price objective on shares of Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th.

Radware Stock Performance

Shares of NASDAQ RDWR opened at $19.16 on Thursday. The firm’s fifty day moving average is $18.03 and its two-hundred day moving average is $17.09. Radware has a 52-week low of $13.53 and a 52-week high of $20.94. The company has a market cap of $848.92 million, a P/E ratio of -38.32 and a beta of 0.97.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $65.10 million for the quarter, compared to the consensus estimate of $63.57 million. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) earnings per share. As a group, analysts forecast that Radware will post -0.05 EPS for the current fiscal year.

Institutional Trading of Radware

A number of institutional investors have recently bought and sold shares of RDWR. BNP Paribas Financial Markets raised its stake in shares of Radware by 239.5% in the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock valued at $120,000 after acquiring an additional 4,539 shares during the period. Robeco Institutional Asset Management B.V. raised its position in Radware by 14.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 14,139 shares of the information technology services provider’s stock worth $236,000 after purchasing an additional 1,774 shares during the period. Trexquant Investment LP bought a new stake in Radware in the fourth quarter worth about $445,000. Citigroup Inc. boosted its position in shares of Radware by 16.8% during the third quarter. Citigroup Inc. now owns 101,821 shares of the information technology services provider’s stock valued at $1,723,000 after buying an additional 14,623 shares during the period. Finally, Yelin Lapidot Holdings Management Ltd. bought a new position in shares of Radware during the third quarter valued at approximately $6,902,000. 73.12% of the stock is currently owned by institutional investors.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.