Radware (NASDAQ:RDWR) Reaches New 1-Year High - Time to Buy?

Radware Ltd. (NASDAQ:RDWR - Get Free Report) hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $27.11 and last traded at $26.60, with a volume of 890940 shares changing hands. The stock had previously closed at $24.41.

Analyst Ratings Changes

Separately, Jefferies Financial Group dropped their price objective on Radware from $26.00 to $24.00 and set a "hold" rating for the company in a research note on Monday, March 31st.

Radware Stock Performance

The firm's 50-day moving average price is $22.90 and its two-hundred day moving average price is $22.60. The firm has a market cap of $1.19 billion, a PE ratio of 198.66 and a beta of 0.93.

Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results 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 2.20% and a return on equity of 3.81%. The business had revenue of $72.08 million during the quarter, compared to the consensus estimate of $70.56 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. As a group, sell-side analysts predict that Radware Ltd. will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RDWR. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Radware by 34.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 83,660 shares of the information technology services provider's stock worth $1,885,000 after buying an additional 21,252 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Radware by 424.5% during the fourth quarter. Envestnet Asset Management Inc. now owns 51,904 shares of the information technology services provider's stock worth $1,169,000 after purchasing an additional 42,009 shares during the period. Barclays PLC grew its stake in Radware by 179.9% during the 4th quarter. Barclays PLC now owns 44,072 shares of the information technology services provider's stock worth $992,000 after buying an additional 28,329 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Radware during the first quarter worth approximately $2,127,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Radware by 19.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 158,574 shares of the information technology services provider's stock worth $3,573,000 after buying an additional 25,907 shares in the last quarter. 73.12% of the stock is owned by hedge funds and other institutional investors.

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.