Radware Ltd. (NASDAQ:RDWR) has received an average recommendation of “Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

RDWR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Saturday, November 10th. Oppenheimer set a $30.00 price objective on shares of Radware and gave the company a “buy” rating in a report on Wednesday, November 7th. Berenberg Bank initiated coverage on shares of Radware in a report on Thursday, November 29th. They set a “buy” rating and a $30.00 price objective on the stock. Finally, BidaskClub downgraded shares of Radware from a “hold” rating to a “sell” rating in a report on Saturday, October 6th.

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc increased its holdings in Radware by 8.3% in the 3rd quarter. Vanguard Group Inc now owns 15,867 shares of the information technology services provider’s stock worth $420,000 after buying an additional 1,214 shares during the period. Morgan Stanley increased its holdings in Radware by 6.8% in the 3rd quarter. Morgan Stanley now owns 1,016,592 shares of the information technology services provider’s stock worth $26,910,000 after buying an additional 64,341 shares during the period. TIAA CREF Investment Management LLC increased its holdings in Radware by 14.7% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 107,998 shares of the information technology services provider’s stock worth $2,859,000 after buying an additional 13,845 shares during the period. Mackenzie Financial Corp acquired a new position in Radware in the 3rd quarter worth approximately $2,129,000. Finally, Verition Fund Management LLC acquired a new position in Radware in the 3rd quarter worth approximately $305,000. Institutional investors own 67.26% of the company’s stock.

Shares of RDWR traded down $0.09 during mid-day trading on Friday, hitting $22.91. 106,249 shares of the company traded hands, compared to its average volume of 216,444. Radware has a 1-year low of $18.00 and a 1-year high of $28.50. The company has a market cap of $1.03 billion, a P/E ratio of -190.92, a price-to-earnings-growth ratio of 3.57 and a beta of 0.88.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, November 7th. The information technology services provider reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.04. Radware had a net margin of 2.58% and a return on equity of 1.81%. The firm had revenue of $58.80 million for the quarter, compared to the consensus estimate of $58.14 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, research analysts expect that Radware will post 0.22 EPS for the current fiscal year.

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.

Recommended Story: What is the Dividend Aristocrat Index?

Analyst Recommendations for Radware (NASDAQ:RDWR)

Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.