Radware (NASDAQ:RDWR) Earns Outperform Rating from Analysts at Wolfe Research

Analysts at Wolfe Research initiated coverage on shares of Radware (NASDAQ:RDWR - Get Free Report) in a report issued on Tuesday, MarketBeat.com reports. The brokerage set an "outperform" rating on the information technology services provider's stock.

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

Radware Stock Down 3.5%

RDWR stock traded down $1.02 during trading on Tuesday, hitting $28.29. The company had a trading volume of 192,447 shares, compared to its average volume of 210,862. The firm has a 50-day moving average price of $25.82 and a 200-day moving average price of $23.41. Radware has a 12 month low of $17.36 and a 12 month high of $31.57. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 104.78 and a beta of 0.99.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The information technology services provider reported $0.27 earnings per share for the quarter, topping 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 firm had revenue of $72.08 million during the quarter, compared to analysts' expectations of $70.56 million. During the same quarter in the previous year, the company posted $0.16 EPS. Radware's revenue was up 10.8% on a year-over-year basis. Equities analysts expect that Radware will post 0.28 EPS for the current year.

Institutional Trading of Radware

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