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

Separately, Zacks Investment Research upgraded shares of Radware from a hold rating to a strong-buy rating and set a $29.00 target price on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $29.67.

Shares of NASDAQ RDWR opened at $24.33 on Friday. The firm has a market cap of $1.09 billion, a P/E ratio of 83.90, a PEG ratio of 2.74 and a beta of 0.91. Radware has a twelve month low of $21.43 and a twelve month high of $27.16. The company has a 50 day moving average of $25.25 and a 200 day moving average of $25.09.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). Radware had a return on equity of 6.35% and a net margin of 7.84%. The business had revenue of $60.50 million during the quarter, compared to the consensus estimate of $60.04 million. During the same period in the previous year, the business posted $0.10 EPS. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities research analysts predict that Radware will post 0.5 earnings per share for the current year.

A number of large investors have recently bought and sold shares of RDWR. Ibex Investors LLC purchased a new position in Radware in the first quarter worth about $12,292,000. Monarch Partners Asset Management LLC purchased a new position in shares of Radware in the first quarter worth approximately $6,511,000. Artisan Partners Limited Partnership bought a new stake in Radware during the first quarter valued at approximately $6,454,000. BlackRock Inc. grew its position in Radware by 24.7% during the second quarter. BlackRock Inc. now owns 695,912 shares of the information technology services provider’s stock valued at $17,209,000 after buying an additional 137,800 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. grew its position in Radware by 33.0% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 365,110 shares of the information technology services provider’s stock valued at $9,029,000 after buying an additional 90,624 shares during the period. 73.02% of the stock is owned by institutional investors and hedge funds.

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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