Shares of Radware Ltd. (NASDAQ:RDWR - Get Free Report) shot up 9.2% during trading on Friday . The stock traded as high as $25.90 and last traded at $26.66. 169,618 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 220,333 shares. The stock had previously closed at $24.41.
Analyst Upgrades and Downgrades
RDWR has been the subject of several research analyst reports. 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 research note on Monday, March 31st. Needham & Company LLC restated a "hold" rating on shares of Radware in a research report on Friday, February 14th.
View Our Latest Report on RDWR
Radware Trading Up 9.0%
The stock has a 50 day moving average of $22.90 and a 200-day moving average of $22.63. The stock has a market capitalization of $1.14 billion, a P/E ratio of 190.01 and a beta of 0.93.
Radware (NASDAQ:RDWR - Get Free Report) last released 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. The business 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 3.81% and a net margin of 2.20%. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.16 earnings per share. Research analysts anticipate that Radware Ltd. will post 0.28 EPS for the current year.
Hedge Funds Weigh In On Radware
Institutional investors have recently modified their holdings of the stock. Covestor Ltd bought a new position in Radware in the fourth quarter worth approximately $28,000. Plato Investment Management Ltd purchased a new stake in shares of Radware in the 4th quarter worth $30,000. New Age Alpha Advisors LLC bought a new position in shares of Radware during the 4th quarter worth $32,000. Quantbot Technologies LP purchased a new position in shares of Radware during the fourth quarter valued at $59,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of Radware during the fourth quarter valued at $149,000. 73.12% of the stock is owned by hedge funds and other institutional investors.
About Radware
(
Get Free Report)
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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