Radware (NASDAQ:RDWR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Thursday, TheStreetRatingsTable reports.

Other research analysts also recently issued reports about the stock. BidaskClub downgraded shares of Radware from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Saturday, November 9th.

RDWR traded down $0.20 during trading on Thursday, reaching $24.00. 144,774 shares of the company’s stock were exchanged, compared to its average volume of 171,693. Radware has a 1 year low of $21.43 and a 1 year high of $26.98. The stock has a market capitalization of $1.14 billion, a P/E ratio of 82.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. The company’s fifty day simple moving average is $23.29 and its 200-day simple moving average is $24.27.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, November 6th. The information technology services provider reported $0.25 EPS for the quarter, beating the consensus estimate of $0.12 by $0.13. The business had revenue of $62.86 million for the quarter, compared to the consensus estimate of $62.84 million. Radware had a net margin of 9.33% and a return on equity of 7.41%. The business’s revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. As a group, analysts predict that Radware will post 0.59 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Cadian Capital Management LP boosted its position in Radware by 1.4% in the 2nd 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 in the last quarter. Nuveen Asset Management LLC boosted its holdings in Radware by 4.1% during 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 buying an additional 75,928 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Radware by 2.9% during 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 buying an additional 53,101 shares in the last quarter. BlackRock Inc. boosted its holdings in Radware by 24.7% during the second quarter. BlackRock Inc. now owns 695,912 shares of the information technology services provider’s stock worth $17,209,000 after buying an additional 137,800 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in Radware by 16.7% during the second quarter. Rice Hall James & Associates LLC now owns 582,557 shares of the information technology services provider’s stock valued at $14,407,000 after buying an additional 83,551 shares during the period. Institutional investors own 74.09% of the company’s stock.

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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