According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “
Separately, Imperial Capital reaffirmed an outperform rating and issued a $15.00 target price on shares of Radware in a research note on Monday, July 25th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $16.22.
Shares of Radware (NASDAQ:RDWR) opened at 13.79 on Thursday. The firm has a 50-day moving average of $13.53 and a 200-day moving average of $12.06. Radware has a 52-week low of $9.98 and a 52-week high of $17.38. The stock has a market cap of $605.99 million, a P/E ratio of 725.79 and a beta of 1.34.
Radware (NASDAQ:RDWR) last announced its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.01. Radware had a net margin of 0.42% and a return on equity of 2.04%. The company earned $49.60 million during the quarter, compared to the consensus estimate of $49.57 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The company’s revenue was down 11.4% on a year-over-year basis. On average, equities analysts expect that Radware will post $0.33 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in shares of Radware during the second quarter worth about $114,000. Geode Capital Management LLC boosted its position in shares of 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 boosted its position in shares of 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 boosted its position in shares of 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, BlackRock Fund Advisors boosted its position in shares of Radware by 135.1% in the first quarter. BlackRock Fund Advisors now owns 65,522 shares of the company’s stock worth $775,000 after buying an additional 37,653 shares in the last quarter. Hedge funds and other institutional investors own 63.27% of the company’s stock.
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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