Radware (NASDAQ:RDWR) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports.

RDWR has been the topic of a number of other research reports. ValuEngine cut shares of Radware from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a report on Wednesday, August 7th. Finally, TheStreet cut shares of Radware from a “b” rating to a “c+” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Radware presently has a consensus rating of “Buy” and an average target price of $29.67.

Shares of NASDAQ RDWR opened at $25.49 on Wednesday. Radware has a 1 year low of $21.43 and a 1 year high of $28.50. The company’s 50-day moving average is $25.24 and its 200 day moving average is $25.06. The stock has a market capitalization of $1.13 billion, a P/E ratio of 51.96, a P/E/G ratio of 2.85 and a beta of 0.90.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $60.04 million. Radware had a net margin of 7.84% and a return on equity of 6.35%. Radware’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities analysts anticipate that Radware will post 0.5 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cadian Capital Management LP grew its holdings in Radware by 1.4% in the second quarter. Cadian Capital Management LP now owns 4,333,149 shares of the information technology services provider’s stock worth $107,159,000 after purchasing an additional 60,400 shares during the period. Nuveen Asset Management LLC grew its holdings in Radware by 4.1% in the second quarter. Nuveen Asset Management LLC now owns 1,933,776 shares of the information technology services provider’s stock worth $47,822,000 after purchasing an additional 75,928 shares during the period. Acadian Asset Management LLC grew its holdings in Radware by 2.9% in the second quarter. Acadian Asset Management LLC now owns 1,854,946 shares of the information technology services provider’s stock worth $45,874,000 after purchasing an additional 53,101 shares during the period. BlackRock Inc. grew its holdings in Radware by 24.7% in the second quarter. BlackRock Inc. now owns 695,912 shares of the information technology services provider’s stock worth $17,209,000 after purchasing an additional 137,800 shares during the period. Finally, Ibex Investors LLC grew its holdings in Radware by 42.4% in the second quarter. Ibex Investors LLC now owns 670,000 shares of the information technology services provider’s stock worth $16,569,000 after purchasing an additional 199,600 shares during the period. Institutional investors and hedge funds own 73.51% of the company’s stock.

About Radware

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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