Shares of Radware (NASDAQ:RDWR) have earned an average rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $22.40.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub raised shares of Radware from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Needham & Company LLC reiterated a “buy” rating and issued a $26.00 price objective (up from $24.50) on shares of Radware in a research report on Wednesday, February 21st. Zacks Investment Research lowered shares of Radware from a “hold” rating to a “sell” rating in a research report on Saturday, February 10th. Finally, Barclays set a $24.00 target price on shares of Radware and gave the company a “buy” rating in a report on Wednesday, February 7th.

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RDWR traded up $0.01 during trading on Wednesday, hitting $22.16. The stock had a trading volume of 4,678 shares, compared to its average volume of 167,733. Radware has a twelve month low of $15.13 and a twelve month high of $22.46.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.02. The company had revenue of $58.50 million for the quarter, compared to analysts’ expectations of $55.93 million. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. Radware’s revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. equities research analysts expect that Radware will post 0.03 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new position in Radware during the third quarter worth $206,000. GSA Capital Partners LLP acquired a new position in shares of Radware during the third quarter valued at $234,000. OxFORD Asset Management LLP acquired a new position in shares of Radware during the third quarter valued at $242,000. Quadrature Capital Ltd acquired a new position in Radware during the fourth quarter worth about $259,000. Finally, Vanguard Group Inc. grew its holdings 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 worth $279,000 after acquiring an additional 3,101 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.

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Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber command and control application.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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