Radware Ltd. (RDWR) Given a $15.00 Price Target by DA Davidson Analysts
Several other equities analysts have also issued reports on RDWR. Zacks Investment Research raised shares of Radware from a sell rating to a buy rating and set a $12.00 price objective on the stock in a report on Wednesday, July 6th. Imperial Capital reissued an outperform rating and set a $15.00 price objective on shares of Radware in a report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $15.43.
Radware (NASDAQ:RDWR) traded down 0.48% during trading on Monday, hitting $12.53. The stock had a trading volume of 212,218 shares. Radware has a 12 month low of $9.98 and a 12 month high of $16.66. The stock has a market cap of $550.62 million, a price-to-earnings ratio of 659.47 and a beta of 1.22. The firm has a 50 day moving average of $13.56 and a 200-day moving average of $12.17.
Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The company had revenue of $49.60 million for the quarter, compared to analyst estimates of $49.57 million. Radware had a net margin of 0.42% and a return on equity of 2.04%. Radware’s revenue was down 11.4% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share. Equities analysts predict that Radware will post $0.33 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Radware by 14.3% in the second quarter. Bank of New York Mellon Corp now owns 39,233 shares of the company’s stock valued at $442,000 after buying an additional 4,907 shares during the last quarter. Vanguard Group Inc. bought a new stake in Radware during the second quarter valued at approximately $114,000. Geode Capital Management LLC increased its stake in Radware by 104.5% in the first quarter. Geode Capital Management LLC now owns 32,276 shares of the company’s stock valued at $381,000 after buying an additional 16,490 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Radware by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,723,472 shares of the company’s stock valued at $20,389,000 after buying an additional 18,406 shares during the last quarter. Finally, Sirios Capital Management L P increased its stake in Radware by 1.5% in the second quarter. Sirios Capital Management L P now owns 1,564,059 shares of the company’s stock valued at $17,611,000 after buying an additional 22,653 shares during the last quarter. Institutional investors and hedge funds 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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