Radware Ltd. (NASDAQ:RDWR) – Stock analysts at DA Davidson decreased their FY2016 earnings per share (EPS) estimates for shares of Radware in a research note issued on Monday. DA Davidson analyst M. Kelleher now anticipates that the brokerage will post earnings per share of $0.00 for the year, down from their prior forecast of $0.11. DA Davidson currently has a “Buy” rating and a $15.00 price target on the stock. DA Davidson also issued estimates for Radware’s Q1 2017 earnings at ($0.02) EPS, Q3 2017 earnings at ($0.01) EPS, Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.02 EPS and FY2018 earnings at $0.19 EPS.
Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. The business had revenue of $49.60 million for the quarter, compared to the consensus estimate of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. The business’s revenue was down 11.4% compared to the same quarter last year. During the same period last year, the business posted $0.23 EPS.
A number of other research analysts have also recently commented on RDWR. Zacks Investment Research cut Radware from a “buy” rating to a “hold” rating in a report on Thursday. Needham & Company LLC restated a “buy” rating and set a $14.00 price target on shares of Radware in a research note on Wednesday. Imperial Capital restated an “outperform” rating and set a $15.00 price target on shares of Radware in a research note on Monday, July 25th. Finally, Oppenheimer Holdings Inc. restated a “hold” rating on shares of Radware in a research note on Monday, October 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.43.
Shares of Radware (NASDAQ:RDWR) opened at 12.29 on Thursday. The stock has a 50 day moving average price of $13.43 and a 200-day moving average price of $12.18. The firm has a market cap of $540.07 million, a PE ratio of 646.84 and a beta of 1.23. Radware has a 52-week low of $9.98 and a 52-week high of $16.66.
Several hedge funds have recently bought and sold shares of RDWR. Harber Asset Management LLC bought a new stake in Radware during the second quarter worth $2,291,000. Ameriprise Financial Inc. acquired a new position in Radware during the second quarter valued at approximately $2,163,000. Credit Agricole S A raised its position in Radware by 392.1% in the first quarter. Credit Agricole S A now owns 184,960 shares of the company’s stock valued at $2,188,000 after buying an additional 147,374 shares during the period. Renaissance Technologies LLC raised its position in Radware by 338.5% in the first quarter. Renaissance Technologies LLC now owns 121,900 shares of the company’s stock valued at $1,442,000 after buying an additional 94,100 shares during the period. Finally, State Street Corp raised its position in Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock valued at $1,817,000 after buying an additional 89,717 shares during the period. 63.27% of the stock is currently owned by institutional investors and hedge funds.
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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