BidaskClub cut shares of Radware Ltd. (NASDAQ:RDWR) from a buy rating to a hold rating in a report issued on Tuesday, July 25th.
Other analysts also recently issued reports about the stock. Dougherty & Co upgraded shares of Radware from a neutral rating to a buy rating and lifted their price objective for the company from $16.50 to $18.50 in a report on Tuesday, April 25th. Oppenheimer Holdings, Inc. set a $17.00 target price on shares of Radware and gave the stock a buy rating in a report on Tuesday, April 25th. Jefferies Group LLC boosted their target price on shares of Radware from $18.50 to $20.00 and gave the stock a buy rating in a report on Friday, April 28th. Needham & Company LLC boosted their target price on shares of Radware from $18.00 to $19.00 and gave the stock a buy rating in a report on Wednesday, April 26th. Finally, Zacks Investment Research upgraded shares of Radware from a sell rating to a hold rating and set a $19.00 target price on the stock in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $18.44.
Shares of Radware (NASDAQ RDWR) traded down 0.23% on Tuesday, hitting $17.59. 1,517 shares of the stock traded hands. The firm’s market capitalization is $770.81 million. Radware has a 52 week low of $11.46 and a 52 week high of $18.33. The firm’s 50 day moving average is $17.66 and its 200 day moving average is $16.72.
Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.06. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. During the same period last year, the company earned $0.06 earnings per share. The firm’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect that Radware will post $0.14 EPS for the current fiscal year.
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Radware announced that its board has authorized a stock buyback program on Tuesday, April 25th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the information technology services provider to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
A number of large investors have recently bought and sold shares of RDWR. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Radware by 8.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 535 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in Radware during the second quarter worth approximately $198,000. Aperio Group LLC bought a new position in Radware during the second quarter worth approximately $210,000. US Bancorp DE boosted its position in Radware by 142.2% in the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after buying an additional 9,248 shares during the period. Finally, KCG Holdings Inc. boosted its position in Radware by 46.2% in the first quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock worth $255,000 after buying an additional 4,984 shares during the period. 59.60% of the stock is owned by institutional investors and hedge funds.
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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