Zacks Investment Research cut shares of Radware (NASDAQ:RDWR) from a hold rating to a sell rating in a report issued on Saturday morning.

According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “

A number of other equities analysts also recently commented on RDWR. BidaskClub upgraded shares of Radware from a strong sell rating to a sell rating in a research note on Monday, February 5th. Needham & Company LLC boosted their target price on shares of Radware from $23.00 to $24.50 and gave the stock a buy rating in a research note on Thursday. Barclays set a $24.00 target price on shares of Radware and gave the stock a buy rating in a research note on Wednesday. Finally, Dougherty & Co boosted their target price on shares of Radware from $22.00 to $24.00 and gave the stock a buy rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of $22.07.

Radware (RDWR) opened at $20.86 on Friday. Radware has a 12 month low of $15.13 and a 12 month high of $21.26.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $58.50 million during the quarter, compared to the consensus estimate of $55.93 million. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The company’s revenue was up 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. analysts predict that Radware will post 0.02 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Radware by 122.8% in the second quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock valued at $1,622,000 after acquiring an additional 50,955 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Radware by 12.9% in the third quarter. Wells Fargo & Company MN now owns 61,953 shares of the information technology services provider’s stock valued at $1,045,000 after acquiring an additional 7,076 shares in the last quarter. Granahan Investment Management Inc. MA boosted its stake in Radware by 4.2% in the third quarter. Granahan Investment Management Inc. MA now owns 128,028 shares of the information technology services provider’s stock valued at $2,159,000 after acquiring an additional 5,116 shares in the last quarter. Jane Street Group LLC acquired a new position in Radware in the third quarter valued at $507,000. Finally, Trexquant Investment LP acquired a new position in Radware in the third quarter valued at $274,000. Hedge funds and other institutional investors own 61.44% of the company’s stock.

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Radware Company Profile

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

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