Radware Ltd. (NASDAQ:RDWR) has been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.21.

A number of equities analysts recently issued reports on the stock. BidaskClub downgraded shares of Radware from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective (up previously from $19.00) on shares of Radware in a report on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Radware in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Oppenheimer Holdings, Inc. set a $17.00 price objective on shares of Radware and gave the stock a “buy” rating in a report on Tuesday, April 25th.

Radware (NASDAQ RDWR) traded down 0.17% during mid-day trading on Friday, hitting $17.55. 28,456 shares of the stock traded hands. The stock’s market cap is $769.06 million. The company’s 50 day moving average price is $17.73 and its 200-day moving average price is $16.54. Radware has a 1-year low of $11.46 and a 1-year high of $18.33.

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, topping analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Analysts predict that Radware will post $0.14 earnings per share for the current year.

Radware announced that its board has approved a share repurchase program on Tuesday, April 25th that permits the company to buyback $40.00 million in outstanding shares. This buyback authorization permits the information technology services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

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Large investors have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its stake in Radware by 130.8% in the first quarter. Wellington Management Group LLP now owns 331,979 shares of the information technology services provider’s stock worth $5,365,000 after buying an additional 188,139 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Radware by 24.1% in the first quarter. JPMorgan Chase & Co. now owns 41,508 shares of the information technology services provider’s stock worth $671,000 after buying an additional 8,073 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Radware during the first quarter worth approximately $3,162,000. Penserra Capital Management LLC boosted its stake in Radware by 4.8% in the first quarter. Penserra Capital Management LLC now owns 1,777,524 shares of the information technology services provider’s stock worth $28,724,000 after buying an additional 81,863 shares during the last quarter. Finally, Oxford Asset Management purchased a new stake in Radware during the first quarter worth approximately $270,000. Institutional investors own 63.59% 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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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