Shares of Radware Ltd. (NASDAQ:RDWR) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the firm. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $17.30.
Several equities analysts have weighed in on RDWR shares. Jefferies Group LLC started coverage on Radware in a report on Thursday, December 22nd. They set a “buy” rating and a $18.50 price objective for the company. Zacks Investment Research raised Radware from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 4th. Imperial Capital increased their price objective on Radware from $15.00 to $20.00 and gave the company an “outperform” rating in a report on Wednesday, February 22nd. Oppenheimer Holdings Inc. set a $17.00 price objective on Radware and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Needham & Company LLC increased their price objective on Radware from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, February 9th.
Radware (NASDAQ:RDWR) opened at 16.16 on Thursday. The firm’s market cap is $699.94 million. Radware has a 12-month low of $10.02 and a 12-month high of $16.53. The stock’s 50 day moving average price is $15.91 and its 200-day moving average price is $14.26.
Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.01. Radware had a negative return on equity of 0.84% and a negative net margin of 4.40%. The business earned $51.70 million during the quarter, compared to analyst estimates of $50.75 million. During the same period in the prior year, the company earned $0.17 earnings per share. Radware’s revenue was down 6.5% compared to the same quarter last year. Equities research analysts anticipate that Radware will post $0.19 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of RDWR. Ellington Management Group LLC bought a new position in Radware during the fourth quarter worth approximately $152,000. Wells Fargo & Company MN raised its position in Radware by 48.2% in the third quarter. Wells Fargo & Company MN now owns 52,125 shares of the company’s stock worth $716,000 after buying an additional 16,949 shares during the last quarter. State Street Corp raised its position in Radware by 22.9% in the fourth quarter. State Street Corp now owns 227,212 shares of the company’s stock worth $3,314,000 after buying an additional 42,349 shares during the last quarter. Harber Asset Management LLC raised its position in 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, Two Sigma Investments LP raised its position in Radware by 56.4% in the fourth quarter. Two Sigma Investments LP now owns 234,618 shares of the company’s stock worth $3,421,000 after buying an additional 84,607 shares during the last quarter. 62.31% of the stock is owned by hedge funds and other 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.