Radware Ltd. (NASDAQ:RDWR) has earned a consensus rating of "Hold" from the eight brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $26.50.
A number of brokerages have recently commented on RDWR. BidaskClub lowered shares of Radware from a "sell" rating to a "strong sell" rating in a report on Wednesday. Zacks Investment Research raised shares of Radware from a "sell" rating to a "hold" rating in a report on Tuesday, September 29th. Needham & Company LLC began coverage on shares of Radware in a report on Wednesday, July 29th. They issued a "hold" rating on the stock. Finally, Oppenheimer began coverage on shares of Radware in a report on Tuesday, August 11th. They issued a "buy" rating and a $27.00 price target on the stock.
Radware stock opened at $24.34 on Friday. The firm's 50 day simple moving average is $24.68 and its 200 day simple moving average is $24.06. The firm has a market capitalization of $1.14 billion, a PE ratio of 67.61, a price-to-earnings-growth ratio of 4.44 and a beta of 0.85. Radware has a 1-year low of $16.02 and a 1-year high of $26.99.
Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, July 29th. The information technology services provider reported $0.13 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.12 by $0.01. The business had revenue of $58.40 million for the quarter, compared to analyst estimates of $57.99 million. Radware had a net margin of 7.12% and a return on equity of 5.88%. Radware's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, research analysts anticipate that Radware will post 0.34 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in RDWR. Rice Hall James & Associates LLC boosted its stake in shares of Radware by 75.1% in the 1st quarter. Rice Hall James & Associates LLC now owns 1,107,536 shares of the information technology services provider's stock valued at $23,336,000 after purchasing an additional 474,973 shares in the last quarter. First Trust Advisors LP boosted its stake in shares of Radware by 110.5% in the 2nd quarter. First Trust Advisors LP now owns 271,432 shares of the information technology services provider's stock valued at $6,403,000 after purchasing an additional 142,456 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of Radware in the 2nd quarter valued at $2,123,000. Goldman Sachs Group Inc. boosted its stake in shares of Radware by 106.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 160,847 shares of the information technology services provider's stock valued at $3,794,000 after purchasing an additional 82,828 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Radware by 26.8% in the 1st quarter. State Street Corp now owns 358,524 shares of the information technology services provider's stock valued at $7,554,000 after purchasing an additional 75,833 shares in the last quarter. 72.97% of the stock is owned by institutional investors.
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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7 Housing Sector Stocks That May Be Ready to Explode
In one of the strongest economies our nation has ever known, housing stocks should have been going through the roof. But it took the Federal Reserve practically giving money away for homebuyers to get their appetite back.
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