Radware Ltd. (NASDAQ:RDWR - Get Free Report) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.77 and traded as high as $28.28. Radware shares last traded at $28.25, with a volume of 235,859 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group cut their target price on shares of Radware from $26.00 to $24.00 and set a "hold" rating for the company in a report on Monday, March 31st.
Read Our Latest Stock Report on Radware
Radware Price Performance
The company has a market capitalization of $1.21 billion, a P/E ratio of 104.63 and a beta of 0.93. The business has a 50-day moving average of $23.79 and a 200-day moving average of $22.77.
Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $72.08 million during the quarter, compared to the consensus estimate of $70.56 million. Radware had a return on equity of 5.39% and a net margin of 4.12%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.16 earnings per share. Sell-side analysts predict that Radware Ltd. will post 0.28 EPS for the current fiscal year.
Hedge Funds Weigh In On Radware
A number of large investors have recently added to or reduced their stakes in RDWR. Covestor Ltd purchased a new stake in shares of Radware during the fourth quarter worth about $28,000. Plato Investment Management Ltd purchased a new position in shares of Radware during the 4th quarter valued at approximately $30,000. New Age Alpha Advisors LLC acquired a new position in Radware in the 4th quarter valued at $32,000. Quantbot Technologies LP acquired a new position in Radware in the 4th quarter valued at $59,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Radware in the 4th quarter valued at $149,000. 73.12% of the stock is currently owned by institutional investors.
Radware Company Profile
(
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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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