Radware (NASDAQ:RDWR) Coverage Initiated at Wolfe Research

Stock analysts at Wolfe Research began coverage on shares of Radware (NASDAQ:RDWR - Get Free Report) in a note issued to investors on Tuesday,Briefing.com Automated Import reports. The firm set an "outperform" rating on the information technology services provider's stock.

Separately, Jefferies Financial Group decreased their price target on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.00.

Radware Stock Performance

Shares of Radware stock opened at $31.33 on Tuesday. Radware has a 52-week low of $17.36 and a 52-week high of $31.58. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 115.82 and a beta of 0.99. The company has a fifty day moving average of $25.33 and a 200-day moving average of $23.22.

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

Institutional Trading of Radware

A number of institutional investors have recently made changes to their positions in the stock. Inspire Investing LLC purchased a new position in shares of Radware in the first quarter worth approximately $738,000. Ellsworth Advisors LLC boosted its holdings in shares of Radware by 7.9% in the first quarter. Ellsworth Advisors LLC now owns 30,258 shares of the information technology services provider's stock worth $654,000 after buying an additional 2,206 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Radware by 8.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,718,260 shares of the information technology services provider's stock worth $37,154,000 after buying an additional 130,699 shares during the last quarter. Magnetar Financial LLC boosted its holdings in shares of Radware by 359.1% in the first quarter. Magnetar Financial LLC now owns 44,200 shares of the information technology services provider's stock worth $956,000 after buying an additional 34,572 shares during the last quarter. Finally, Walleye Capital LLC purchased a new position in shares of Radware in the first quarter worth approximately $792,000. Hedge funds and other institutional investors 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.

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