Jefferies Financial Group Forecasts Strong Price Appreciation for Radware (NASDAQ:RDWR) Stock

Radware (NASDAQ:RDWR - Get Free Report) had its price objective lifted by equities research analysts at Jefferies Financial Group from $25.00 to $30.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "hold" rating on the information technology services provider's stock. Jefferies Financial Group's price objective would indicate a potential upside of 5.23% from the company's previous close.

Separately, Wolfe Research began coverage on shares of Radware in a report on Tuesday, July 8th. They set an "outperform" rating for the company. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Radware has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Radware Price Performance

RDWR traded down $0.08 on Thursday, hitting $28.51. The company had a trading volume of 179,139 shares, compared to its average volume of 278,721. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 105.60 and a beta of 0.99. The company's fifty day moving average price is $26.84 and its 200 day moving average price is $23.79. Radware has a 1-year low of $18.28 and a 1-year high of $31.57.

Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The information technology services provider reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $72.08 million for the quarter, compared to analyst estimates of $70.56 million. Radware had a net margin of 4.12% and a return on equity of 5.39%. The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, sell-side analysts forecast that Radware will post 0.28 EPS for the current year.

Institutional Investors Weigh In On Radware

Hedge funds and other institutional investors have recently modified their holdings of the stock. Covestor Ltd acquired a new stake in Radware during the fourth quarter worth about $28,000. New Age Alpha Advisors LLC acquired a new stake in shares of Radware during the 4th quarter worth approximately $32,000. Quantbot Technologies LP acquired a new stake in shares of Radware during the 4th quarter worth approximately $59,000. KLP Kapitalforvaltning AS bought a new stake in shares of Radware during the fourth quarter valued at approximately $149,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Radware in the fourth quarter valued at $214,000. Institutional investors and hedge funds own 73.12% of the company's stock.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.