Several other research firms have also weighed in on RDWR. Zacks Investment Research raised shares of Radware from a sell rating to a buy rating and set a $12.00 price objective for the company in a report on Wednesday, July 6th. Imperial Capital reaffirmed an outperform rating and set a $15.00 price objective on shares of Radware in a report on Monday, July 25th. Finally, DA Davidson set a $15.00 price target on shares of Radware and gave the company a buy rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $15.43.
Shares of Radware (NASDAQ:RDWR) opened at 12.48 on Monday. Radware has a 12-month low of $9.98 and a 12-month high of $16.66. The stock has a 50 day moving average price of $13.47 and a 200-day moving average price of $12.18. The stock has a market cap of $548.42 million, a price-to-earnings ratio of 656.84 and a beta of 1.23.
Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company earned $49.60 million during the quarter, compared to analyst estimates of $49.57 million. Radware had a net margin of 0.42% and a return on equity of 2.04%. The company’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. Equities analysts anticipate that Radware will post $0.33 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new stake in Radware during the second quarter worth about $114,000. Geode Capital Management LLC increased its stake in Radware by 104.5% in the first quarter. Geode Capital Management LLC now owns 32,276 shares of the company’s stock worth $381,000 after buying an additional 16,490 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Radware by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 39,233 shares of the company’s stock worth $442,000 after buying an additional 4,907 shares in the last quarter. Swiss National Bank increased its stake in Radware by 78.8% in the second quarter. Swiss National Bank now owns 65,100 shares of the company’s stock worth $733,000 after buying an additional 28,700 shares in the last quarter. Finally, Numeric Investors LLC acquired a new stake in Radware during the second quarter worth about $752,000. 63.27% 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.
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