Dougherty & Co Boosts Radware (RDWR) Price Target to $24.00

Radware (NASDAQ:RDWR) had its price target increased by equities researchers at Dougherty & Co from $22.00 to $24.00 in a report released on Thursday, February 1st, MarketBeat reports. The firm presently has a “buy” rating on the information technology services provider’s stock. Dougherty & Co’s target price points to a potential upside of 15.05% from the company’s current price.

Several other research firms have also weighed in on RDWR. BidaskClub lowered Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, December 20th. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Thursday, January 4th. Barclays raised their price objective on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, November 2nd. Finally, Jefferies Group reissued a “buy” rating on shares of Radware in a research note on Friday, October 6th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Radware currently has an average rating of “Buy” and an average target price of $22.07.

Radware (RDWR) traded up $0.21 on Thursday, hitting $20.86. The stock had a trading volume of 243,742 shares, compared to its average volume of 181,109. The company has a market cap of $900.03, a price-to-earnings ratio of -130.38, a PEG ratio of 51.56 and a beta of 1.00. Radware has a 1-year low of $15.13 and a 1-year high of $21.26.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The business had revenue of $58.50 million during the quarter, compared to analyst estimates of $55.93 million. Radware had a negative return on equity of 1.80% and a negative net margin of 3.55%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. equities research analysts forecast that Radware will post 0.02 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of RDWR. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of 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 worth $122,000 after buying an additional 535 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Radware in the third quarter worth $206,000. GSA Capital Partners LLP acquired a new stake in shares of Radware in the third quarter worth $234,000. OxFORD Asset Management LLP acquired a new stake in shares of Radware in the third quarter worth $242,000. Finally, Trexquant Investment LP acquired a new stake in shares of Radware in the third quarter worth $274,000. 61.44% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Dougherty & Co Boosts Radware (RDWR) Price Target to $24.00” was originally reported by Community Financial News and is owned by of Community Financial News. If you are accessing this story on another site, it was illegally stolen and reposted in violation of international copyright legislation. The legal version of this story can be viewed at https://www.com-unik.info/2018/02/03/radware-rdwr-price-target-raised-to-24-00.html.

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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit