Radware (RDWR) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of Radware (NASDAQ:RDWR) from a strong sell rating to a sell rating in a research report released on Monday morning.

Several other brokerages have also recently issued reports on RDWR. Zacks Investment Research raised Radware from a hold rating to a buy rating and set a $22.00 price objective on the stock in a report on Thursday, January 4th. Barclays upped their price objective on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a report on Thursday, November 2nd. Finally, Dougherty & Co reaffirmed a buy rating and set a $24.00 price objective (up from $22.00) on shares of Radware in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $22.07.

Shares of Radware (NASDAQ:RDWR) opened at $20.65 on Monday. Radware has a twelve month low of $15.13 and a twelve month high of $21.26.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $58.50 million for the quarter, compared to analysts’ expectations 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 for the quarter was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. equities research analysts anticipate that Radware will post 0.02 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its position in shares of Radware by 46.2% during the 4th quarter. First Trust Advisors LP now owns 119,466 shares of the information technology services provider’s stock valued at $2,318,000 after purchasing an additional 37,767 shares during the last quarter. AXA increased its position in shares of Radware by 8.8% during the 3rd quarter. AXA now owns 321,000 shares of the information technology services provider’s stock valued at $5,412,000 after purchasing an additional 26,000 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Radware during the 3rd quarter valued at approximately $234,000. Cubist Systematic Strategies LLC bought a new position in shares of Radware during the 3rd quarter valued at approximately $305,000. Finally, Granahan Investment Management Inc. MA increased its position in shares of Radware by 4.2% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 128,028 shares of the information technology services provider’s stock valued at $2,159,000 after purchasing an additional 5,116 shares during the last quarter. 61.44% of the stock is currently owned by hedge funds and other institutional investors.

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About Radware

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)

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