Radware (RDWR) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Radware in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RDWR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RDWR, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 12 month price targets for Radware's shares. Their RDWR share price forecasts range from $22.00 to $23.00. On average, they anticipate the company's stock price to reach $22.50 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price.
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Radware's stock was trading at $19.75 at the start of the year. Since then, RDWR shares have decreased by 0.2% and is now trading at $19.71.
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Radware saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 392,600 shares, an increase of 51.2% from the April 30th total of 259,700 shares. Based on an average daily trading volume, of 147,600 shares, the days-to-cover ratio is presently 2.7 days. Approximately 1.0% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Radware Ltd. (NASDAQ:RDWR) announced its earnings results on Wednesday, November, 3rd. The information technology services provider reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. The information technology services provider had revenue of $73.42 million for the quarter, compared to analyst estimates of $70.85 million. Radware had a negative trailing twelve-month return on equity of 0.40% and a negative net margin of 2.43%. Radware's revenue was up 17.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 earnings per share.

ETFs with the largest weight of Radware (NASDAQ:RDWR) stock in their portfolio include Global X Cybersecurity ETF (BUG), ARK Israel Innovative Technology ETF (IZRL), SPDR Kensho Future Security ETF (FITE), BlueStar Israel Technology ETF (ITEQ), ERShares NextGen Entrepreneurs ETF (ERSX), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK) and iShares MSCI Israel ETF (EIS).

Radware updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of $0.12-$0.15 for the period, compared to the consensus EPS estimate of $0.13. The company issued revenue guidance of $68.00 million-$70.00 million, compared to the consensus revenue estimate of $69.09 million.

123 employees have rated Radware Chief Executive Officer Roy Zisapel on Glassdoor.com. Roy Zisapel has an approval rating of 95% among the company's employees. This puts Roy Zisapel in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Radware investors own include Block (SQ), Wells Fargo & Company (WFC), Procter & Gamble (PG), Visa (V), Intel (INTC), Johnson & Johnson (JNJ), Enterprise Products Partners (EPD), Alibaba Group (BABA), Delta Air Lines (DAL) and F5 (FFIV).

Radware trades on the NASDAQ under the ticker symbol "RDWR."

Radware's stock is owned by a number of retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (6.59%), Renaissance Technologies LLC (3.65%), Acadian Asset Management LLC (3.48%), Mirae Asset Global Investments Co. Ltd. (2.97%), First Trust Advisors LP (2.89%) and BlackRock Inc. (2.66%).

Shares of RDWR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RDWR stock can currently be purchased for approximately $19.71.

Radware (NASDAQ:RDWR) has a market capitalization of $863.69 million and generates $293.43 million in revenue each year. The information technology services provider earns $-170,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

The company employs 1,278 workers across the globe.

Radware's mailing address is 22 RAOUL WALLENBERG STREET, TEL AVIV L3, 69710. The official website for the company is www.radware.com. The information technology services provider can be reached via phone at (723) 766-8666, via email at ir@radware.com, or via fax at 972-3766-8982.