Radware (NASDAQ:RDWR) Reaches New 12-Month High – Should You Buy?

Radware Ltd. (NASDAQ:RDWR) shares reached a new 52-week high during trading on Tuesday. The stock traded as high as $33.20 and last traded at $33.1450, with a volume of 53,477 shares traded. The stock had previously closed at $32.30.

Analyst Ratings Changes

RDWR has been the subject of a number of research analyst reports. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a report on Tuesday, October 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 price target on shares of Radware in a research report on Wednesday. Finally, Weiss Ratings raised shares of Radware from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, October 13th. Three research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Radware has a consensus rating of “Hold” and a consensus target price of $40.00.

Radware Price Performance

The company has a 50 day simple moving average of $29.46 and a 200-day simple moving average of $27.61. The stock has a market cap of $1.56 billion, a P/E ratio of 97.79 and a beta of 0.86.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $84.36 million during the quarter, compared to the consensus estimate of $83.02 million. Radware had a return on equity of 7.47% and a net margin of 5.34%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS.

Insider Buying and Selling

In other Radware news, COO Gabriel Malka sold 6,500 shares of Radware stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $30.00, for a total transaction of $195,000.00. Following the completion of the transaction, the chief operating officer directly owned 47,922 shares of the company’s stock, valued at approximately $1,437,660. This trade represents a 11.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Guy Avidan acquired 2,000 shares of the stock in a transaction dated Friday, July 31st. The stock was acquired at an average price of $25.21 per share, for a total transaction of $50,420.00. Following the completion of the acquisition, the chief financial officer directly owned 95,800 shares of the company’s stock, valued at $2,415,118. The trade was a 2.13% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 21.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC grew its stake in shares of Radware by 2.4% during the 1st quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider’s stock valued at $17,983,000 after purchasing an additional 16,204 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Radware by 17.3% during the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider’s stock worth $2,580,000 after buying an additional 14,464 shares during the last quarter. Swiss National Bank grew its position in shares of Radware by 3.0% during the first quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider’s stock worth $1,832,000 after buying an additional 2,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Radware during the 2nd quarter worth $2,057,000. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Radware by 87.5% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider’s stock valued at $1,686,000 after purchasing an additional 25,499 shares during the period. 73.12% of the stock is currently owned by institutional investors.

Radware Company Profile

Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and cloud environments from cyberattacks while maintaining the availability and performance of online services.

Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, and network behavior analysis. Radware also offers application delivery controllers, load balancing and related traffic-management technologies designed to improve the reliability, scalability and performance of business-critical applications.

Founded in 1996, Radware serves enterprises, telecommunications providers, cloud service providers and other organizations worldwide through a combination of on-premises, cloud-based and hybrid solutions.