Radware Ltd. (NASDAQ:RDWR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Consensus "Hold": Five analysts give Radware a consensus Hold rating (1 sell, 2 hold, 2 buy) with an average 12‑month price target of $30.
• $80M buyback and heavy institutional ownership: The board authorized an $80.0 million repurchase program (up to 7.1% of shares), and institutions own about 73.12% of the stock, with several funds recently increasing stakes.
• Recent results and valuation: Radware reported EPS $0.30 on $79.81 million revenue for the quarter; the stock trades near $28.36 with a market cap of $1.19 billion and a P/E of 63.02.

Shares of Radware Ltd. (NASDAQ:RDWR - Get Free Report) have earned an average recommendation of "Hold" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $30.00.

A number of equities analysts have commented on RDWR shares. Needham & Company LLC restated a "hold" rating on shares of Radware in a research report on Thursday. Wall Street Zen upgraded shares of Radware from a "hold" rating to a "buy" rating in a research report on Saturday, April 4th. Finally, Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Radware in a research report on Friday, March 27th.

Institutional Trading of Radware

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its stake in Radware by 47.5% during the second quarter. Russell Investments Group Ltd. now owns 46,506 shares of the information technology services provider's stock worth $1,368,000 after acquiring an additional 14,980 shares in the last quarter. Jump Financial LLC boosted its stake in Radware by 126.5% during the second quarter. Jump Financial LLC now owns 40,998 shares of the information technology services provider's stock worth $1,207,000 after acquiring an additional 22,898 shares in the last quarter. Sei Investments Co. boosted its stake in Radware by 23.5% during the second quarter. Sei Investments Co. now owns 91,954 shares of the information technology services provider's stock worth $2,707,000 after acquiring an additional 17,501 shares in the last quarter. California State Teachers Retirement System boosted its stake in Radware by 3.5% during the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider's stock worth $1,040,000 after acquiring an additional 1,190 shares in the last quarter. Finally, PDT Partners LLC boosted its stake in Radware by 27.1% during the second quarter. PDT Partners LLC now owns 62,897 shares of the information technology services provider's stock worth $1,852,000 after acquiring an additional 13,402 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.

Radware Stock Performance

RDWR stock traded up $1.50 during mid-day trading on Thursday, hitting $28.36. 274,496 shares of the company were exchanged, compared to its average volume of 264,044. The firm has a market cap of $1.19 billion, a P/E ratio of 63.02 and a beta of 0.81. The firm's 50 day simple moving average is $25.55 and its 200 day simple moving average is $24.75. Radware has a 1-year low of $21.42 and a 1-year high of $31.57.

Radware (NASDAQ:RDWR - Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share for the quarter. The company had revenue of $79.81 million during the quarter. Radware had a net margin of 6.71% and a return on equity of 7.21%.

Radware declared that its Board of Directors has approved a stock buyback program on Friday, February 13th that allows the company to buyback $80.00 million in shares. This buyback authorization allows the information technology services provider to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company's platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.

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