Radware Ltd. (NASDAQ:RDWR) has been given a consensus recommendation of “Buy” by the eight analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $30.50.

A number of equities analysts have issued reports on RDWR shares. TheStreet raised Radware from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. Zacks Investment Research lowered Radware from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th.

Radware stock traded down $0.11 during mid-day trading on Friday, reaching $26.10. The company’s stock had a trading volume of 132,936 shares, compared to its average volume of 238,121. Radware has a 12-month low of $21.16 and a 12-month high of $28.50. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 90.00, a P/E/G ratio of 4.53 and a beta of 0.86.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, February 6th. The information technology services provider reported $0.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Radware had a net margin of 5.01% and a return on equity of 3.88%. The firm had revenue of $63.82 million during the quarter, compared to the consensus estimate of $63.28 million. During the same period last year, the firm earned $0.09 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. Equities research analysts anticipate that Radware will post 0.32 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in RDWR. BlackRock Inc. boosted its holdings in shares of Radware by 64.6% during the fourth quarter. BlackRock Inc. now owns 604,039 shares of the information technology services provider’s stock worth $13,717,000 after acquiring an additional 236,975 shares during the period. Delek Group Ltd. lifted its position in Radware by 33.0% during the fourth quarter. Delek Group Ltd. now owns 688,573 shares of the information technology services provider’s stock valued at $16,057,000 after purchasing an additional 170,939 shares during the period. Deutsche Bank AG lifted its position in Radware by 9,989.3% during the fourth quarter. Deutsche Bank AG now owns 155,072 shares of the information technology services provider’s stock valued at $3,521,000 after purchasing an additional 153,535 shares during the period. QS Investors LLC bought a new position in Radware during the fourth quarter valued at approximately $1,969,000. Finally, Mackenzie Financial Corp bought a new position in Radware during the third quarter valued at approximately $2,129,000. 69.30% of the stock is currently owned by institutional investors.

Radware Company Profile

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

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