Oppenheimer set a $30.00 price objective on Radware (NASDAQ:RDWR) in a report published on Wednesday morning. The firm currently has a buy rating on the information technology services provider’s stock.

Other analysts also recently issued reports about the stock. BidaskClub downgraded shares of Radware from a buy rating to a hold rating in a research report on Wednesday, August 29th. Zacks Investment Research upgraded shares of Radware from a hold rating to a strong-buy rating and set a $30.00 price objective on the stock in a research report on Saturday, August 4th. Finally, Barclays restated a buy rating and set a $30.00 price objective on shares of Radware in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Radware has an average rating of Buy and a consensus price target of $28.80.

Shares of Radware stock traded down $0.53 on Wednesday, hitting $24.60. 326,732 shares of the company’s stock were exchanged, compared to its average volume of 196,388. The stock has a market capitalization of $1.09 billion, a PE ratio of -205.00, a P/E/G ratio of 8.87 and a beta of 1.09. Radware has a 1 year low of $18.00 and a 1 year high of $28.50.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, November 7th. The information technology services provider reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.04. The business had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $58.14 million. Radware had a net margin of 2.58% and a return on equity of 1.85%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.04 EPS. On average, equities research analysts expect that Radware will post 0.15 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Radware by 80.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,649 shares of the information technology services provider’s stock valued at $168,000 after purchasing an additional 2,959 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of Radware during the 2nd quarter valued at $230,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Radware during the 3rd quarter valued at $292,000. State of New Jersey Common Pension Fund D bought a new stake in shares of Radware during the 2nd quarter valued at $385,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Radware by 55.4% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 16,744 shares of the information technology services provider’s stock valued at $423,000 after purchasing an additional 5,966 shares during the period. Hedge funds and other institutional investors own 63.23% of the company’s stock.

Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.

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