BidaskClub cut shares of Radware (NASDAQ:RDWR) from a hold rating to a sell rating in a report published on Friday, BidAskClub reports.

RDWR has been the subject of a number of other research reports. Zacks Investment Research lowered Radware from a strong-buy rating to a hold rating in a research report on Thursday, May 9th. TheStreet lowered Radware from a b rating to a c+ rating in a research report on Thursday, May 2nd. Finally, ValuEngine lowered Radware from a strong-buy rating to a buy rating in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $29.60.

RDWR opened at $24.75 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 85.34, a price-to-earnings-growth ratio of 3.35 and a beta of 0.90. Radware has a one year low of $21.43 and a one year high of $28.50.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.13. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $59.43 million. Radware had a return on equity of 5.54% and a net margin of 7.09%. Radware’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. On average, equities research analysts forecast that Radware will post 0.41 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC raised its position in shares of Radware by 0.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,801,845 shares of the information technology services provider’s stock worth $47,085,000 after acquiring an additional 10,685 shares in the last quarter. Delek Group Ltd. raised its position in shares of Radware by 33.0% in the 4th quarter. Delek Group Ltd. now owns 688,573 shares of the information technology services provider’s stock worth $16,057,000 after acquiring an additional 170,939 shares in the last quarter. BlackRock Inc. raised its position in shares of Radware by 64.6% in the 4th quarter. BlackRock Inc. now owns 604,039 shares of the information technology services provider’s stock worth $13,717,000 after acquiring an additional 236,975 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Radware in the 1st quarter worth approximately $13,039,000. Finally, Ibex Investors LLC bought a new position in shares of Radware in the 1st quarter worth approximately $12,292,000. 74.72% of the stock is owned by hedge funds and other institutional investors.

Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers 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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