Radware (NASDAQ:RDWR) had its price objective upped by Needham & Company LLC from $23.00 to $24.50 in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the information technology services provider’s stock.

Several other research firms have also issued reports on RDWR. Dougherty & Co upped their price target on shares of Radware from $22.00 to $24.00 and gave the company a buy rating in a research report on Thursday, February 1st. BidaskClub lowered shares of Radware from a hold rating to a sell rating in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of Radware from a hold rating to a buy rating and set a $22.00 price target for the company in a research report on Thursday, January 4th. Finally, Barclays upped their price target on shares of Radware from $19.00 to $22.00 and gave the company an overweight rating in a research report on Thursday, November 2nd. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $22.07.

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

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The business had revenue of $58.50 million for the quarter, compared to analysts’ expectations of $55.93 million. Radware had a negative return on equity of 1.77% and a negative net margin of 3.55%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. research analysts expect that Radware will post 0.02 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. boosted its position in Radware by 8.3% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 535 shares during the period. State Street Corp boosted its position in Radware by 1.0% during the second quarter. State Street Corp now owns 240,567 shares of the information technology services provider’s stock valued at $4,220,000 after buying an additional 2,489 shares during the period. Vanguard Group Inc. boosted its position in Radware by 24.1% during the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after buying an additional 3,101 shares during the period. Goldman Sachs Group Inc. boosted its position in Radware by 2.2% during the second quarter. Goldman Sachs Group Inc. now owns 162,980 shares of the information technology services provider’s stock valued at $2,859,000 after buying an additional 3,568 shares during the period. Finally, California Public Employees Retirement System boosted its position in Radware by 2.2% during the second quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock valued at $3,308,000 after buying an additional 4,100 shares during the period. Institutional investors and hedge funds own 61.44% of the company’s stock.

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About Radware

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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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