Radware Ltd. (NASDAQ:RDWR) had its price target raised by stock analysts at Barclays PLC from $19.00 to $22.00 in a research report issued on Thursday. The brokerage presently has an “overweight” rating on the information technology services provider’s stock. Barclays PLC’s price objective indicates a potential upside of 13.11% from the stock’s current price.
A number of other research firms also recently weighed in on RDWR. Imperial Capital reissued an “outperform” rating and set a $21.00 target price (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research raised Radware from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 18th. Needham & Company LLC reissued a “buy” rating and set a $21.00 target price (up previously from $19.00) on shares of Radware in a report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Radware in a report on Friday, October 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.14.
Shares of Radware (RDWR) traded up $0.31 during trading on Thursday, reaching $19.45. The company’s stock had a trading volume of 312,077 shares, compared to its average volume of 149,886.
Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.06. Radware had a negative return on equity of 2.27% and a negative net margin of 5.74%. The business had revenue of $50.96 million during the quarter, compared to the consensus estimate of $50.19 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 2.8% on a year-over-year basis. equities research analysts predict that Radware will post -0.14 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. grew its position 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 acquiring an additional 535 shares during the last quarter. Balter Liquid Alternatives LLC bought a new position in Radware in the second quarter valued at about $198,000. Aperio Group LLC bought a new position in Radware in the second quarter valued at about $210,000. KCG Holdings Inc. grew 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 valued at $255,000 after acquiring an additional 4,984 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Radware by 24.1% in the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 3,101 shares during the last quarter. Hedge funds and other institutional investors own 60.71% 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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