Radware (NASDAQ:RDWR) Downgraded to "Buy" Rating by Wall Street Zen

Key Points

• Radware has been downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen.
• Jefferies Financial Group increased their price target for Radware from $25.00 to $30.00, while Barclays raised theirs to $35.00.
• Radware reported a quarterly earnings per share of $0.28, surpassing the consensus estimate of $0.26, with a year-over-year revenue increase of 10.3%.

Radware (NASDAQ:RDWR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the stock. Barclays reiterated an "overweight" rating and set a $35.00 price target (up previously from $30.00) on shares of Radware in a research note on Thursday, July 31st. Jefferies Financial Group lifted their price target on shares of Radware from $25.00 to $30.00 and gave the stock a "hold" rating in a research note on Thursday, July 24th. Finally, Wolfe Research began coverage on shares of Radware in a research note on Tuesday, July 8th. They set an "outperform" rating on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $32.50.

Radware Stock Up 0.1%

Shares of NASDAQ RDWR traded up $0.02 on Friday, reaching $24.84. 108,873 shares of the company's stock traded hands, compared to its average volume of 150,132. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 77.63 and a beta of 0.99. The business's 50 day simple moving average is $26.94 and its two-hundred day simple moving average is $24.41. Radware has a 12 month low of $18.46 and a 12 month high of $31.57.

Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The information technology services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $74.22 million during the quarter, compared to the consensus estimate of $73.42 million. Radware had a net margin of 4.90% and a return on equity of 6.11%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.20 earnings per share. Radware has set its Q3 2025 guidance at 0.260-0.270 EPS. Analysts forecast that Radware will post 0.28 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in RDWR. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Radware by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,941 shares of the information technology services provider's stock worth $416,000 after acquiring an additional 2,960 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Radware by 34.1% in 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 valued at $1,885,000 after purchasing an additional 21,252 shares during the period. ARK Investment Management LLC grew its position in shares of Radware by 13.5% in the first quarter. ARK Investment Management LLC now owns 89,327 shares of the information technology services provider's stock valued at $1,931,000 after purchasing an additional 10,594 shares during the period. SG Americas Securities LLC purchased a new position in shares of Radware in the first quarter worth about $2,127,000. Finally, Banque Cantonale Vaudoise purchased a new position in shares of Radware in the first quarter worth about $1,858,000. 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.