Radware (NASDAQ:RDWR) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• Radware Ltd. shares crossed above their two hundred day moving average of $24.93, peaking at $26.95 during trading on Tuesday.
• Equities analysts have updated their price targets for Radware, with Barclays setting a new objective of $35.00 and Jefferies raising theirs to $30.00, while the overall consensus rating remains a "Moderate Buy."
• Radware reported $0.28 earnings per share (EPS) for the last quarter, exceeding expectations and indicating a year-over-year revenue growth of 10.3%.

Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.93 and traded as high as $26.95. Radware shares last traded at $26.49, with a volume of 107,565 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Barclays reaffirmed an "overweight" rating and issued a $35.00 price objective (up from $30.00) on shares of Radware in a research note on Thursday, July 31st. Jefferies Financial Group raised their price target on Radware from $25.00 to $30.00 and gave the company a "hold" rating in a research report on Thursday, July 24th. Wolfe Research began coverage on shares of Radware in a research note on Tuesday, July 8th. They issued an "outperform" rating on the stock. Finally, Wall Street Zen downgraded shares of Radware from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 30th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.50.

Radware Stock Performance

The business has a 50-day moving average of $25.86 and a 200 day moving average of $24.93. The stock has a market cap of $1.13 billion, a PE ratio of 82.78 and a beta of 0.99.

Radware (NASDAQ:RDWR - Get Free Report) last released its earnings results on Wednesday, July 30th. The information technology services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The company had revenue of $74.22 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. Radware has set its Q3 2025 guidance at 0.260-0.270 EPS. Equities analysts expect that Radware Ltd. will post 0.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Radware

Several institutional investors have recently added to or reduced their stakes in the business. Engineers Gate Manager LP boosted its stake in shares of Radware by 3.0% during the 2nd quarter. Engineers Gate Manager LP now owns 34,055 shares of the information technology services provider's stock valued at $1,003,000 after buying an additional 990 shares during the last quarter. California State Teachers Retirement System raised its holdings in Radware by 3.5% in the second quarter. California State Teachers Retirement System now owns 35,327 shares of the information technology services provider's stock valued at $1,040,000 after acquiring an additional 1,190 shares in the last quarter. Ellsworth Advisors LLC boosted its stake in Radware by 7.9% during the 1st quarter. Ellsworth Advisors LLC now owns 30,258 shares of the information technology services provider's stock valued at $654,000 after acquiring an additional 2,206 shares during the last quarter. Lazard Asset Management LLC grew its holdings in Radware by 5.3% during the 2nd quarter. Lazard Asset Management LLC now owns 44,218 shares of the information technology services provider's stock worth $1,301,000 after acquiring an additional 2,232 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Radware by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,941 shares of the information technology services provider's stock worth $416,000 after purchasing an additional 2,960 shares during the last quarter. 73.12% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.