Radware (NASDAQ:RDWR) Shares Down 3.9%

Shares of Radware Ltd. (NASDAQ:RDWR - Get Free Report) traded down 3.9% on Thursday . The stock traded as low as $17.00 and last traded at $17.08. 63,428 shares changed hands during trading, a decline of 73% from the average session volume of 236,681 shares. The stock had previously closed at $17.77.

Analyst Ratings Changes

RDWR has been the topic of a number of research analyst reports. StockNews.com raised shares of Radware from a "hold" rating to a "buy" rating in a research note on Thursday, February 22nd. Barclays lifted their target price on shares of Radware from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, February 8th.

Radware Price Performance

The firm has a market cap of $756.76 million, a price-to-earnings ratio of -34.16 and a beta of 0.95. The business has a fifty day simple moving average of $18.55 and a 200 day simple moving average of $17.04.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. The firm had revenue of $65.03 million during the quarter, compared to analysts' expectations of $64.01 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The firm's revenue for the quarter was down 12.2% on a year-over-year basis. On average, research analysts anticipate that Radware Ltd. will post -0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Radware

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. lifted its stake in Radware by 53.1% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider's stock worth $40,000 after purchasing an additional 419 shares in the last quarter. FMR LLC lifted its position in Radware by 63.4% during the first quarter. FMR LLC now owns 3,168 shares of the information technology services provider's stock worth $68,000 after buying an additional 1,229 shares in the last quarter. Deutsche Bank AG acquired a new position in Radware during the first quarter worth $127,000. US Bancorp DE boosted its stake in Radware by 72.0% during the fourth quarter. US Bancorp DE now owns 6,966 shares of the information technology services provider's stock worth $116,000 after buying an additional 2,915 shares during the last quarter. Finally, Vident Investment Advisory LLC purchased a new stake in Radware in the 1st quarter valued at $288,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

Radware Company Profile

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.