Radware (NASDAQ:RDWR) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• Radware's stock crossed above its 200-day moving average (200‑day MA $24.83), trading as high as $27.15 and last at $27.02 on volume of 157,771, with the 50‑day MA at $25.16.
• The company beat quarterly estimates with $0.32 EPS versus $0.30 expected and revenue of $80.25M (up 9.9% YoY), and the Board authorized an $80 million share repurchase (about 7.1% of shares).
• Analyst sentiment is mixed—two Buys, one Hold and one Sell produce an average "Hold" rating and a consensus price target of $30, though individual targets and ratings vary (e.g., Jefferies $25; Weiss Ratings sell).

Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.83 and traded as high as $27.15. Radware shares last traded at $27.02, with a volume of 157,771 shares trading hands.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Radware in a research note on Friday, March 27th. Wall Street Zen cut shares of Radware from a "buy" rating to a "hold" rating in a research note on Saturday, January 31st. Finally, Jefferies Financial Group set a $25.00 price target on Radware in a research report on Tuesday, December 16th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.00.

Radware Stock Performance

The company's 50-day moving average is $25.16 and its 200-day moving average is $24.83. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 60.05 and a beta of 0.87.

Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 11th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.02. Radware had a net margin of 6.71% and a return on equity of 7.21%. The firm had revenue of $80.25 million during the quarter, compared to analysts' expectations of $78.65 million. During the same quarter last year, the company posted $0.27 EPS. The company's quarterly revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Radware Ltd. will post 0.28 EPS for the current year.

Radware announced that its Board of Directors has authorized a share repurchase plan on Friday, February 13th that authorizes the company to repurchase $80.00 million in shares. This repurchase authorization authorizes the information technology services provider to buy up to 7.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of RDWR. Farther Finance Advisors LLC boosted its position in Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider's stock valued at $29,000 after buying an additional 1,176 shares during the last quarter. Simplex Trading LLC raised its position in shares of Radware by 51.4% during the fourth quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider's stock worth $37,000 after acquiring an additional 524 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in shares of Radware by 47.8% during the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider's stock valued at $41,000 after acquiring an additional 550 shares during the period. Global Retirement Partners LLC acquired a new position in shares of Radware during the fourth quarter valued at $49,000. Finally, Pacer Advisors Inc. boosted its holdings in Radware by 200.9% in the third quarter. Pacer Advisors Inc. now owns 2,341 shares of the information technology services provider's stock valued at $62,000 after acquiring an additional 1,563 shares during the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.

About Radware

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission‐critical applications. Its product portfolio includes on‐premises and cloud‐based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company's platforms use real‐time behavioral analysis, machine learning and automation to protect against distributed denial‐of‐service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.

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