Shares of Radware Ltd. (NASDAQ:RDWR) have earned an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $30.50.

A number of analysts recently issued reports on RDWR shares. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Tuesday, May 7th. TheStreet raised Radware from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. BidaskClub cut Radware from a “hold” rating to a “sell” rating in a research report on Saturday, May 4th. Finally, ValuEngine cut Radware from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st.

A number of hedge funds and other institutional investors have recently bought and sold shares of RDWR. Cypress Capital Management LLC WY bought a new position in Radware during the first quarter valued at about $52,000. Dupont Capital Management Corp bought a new position in Radware during the first quarter valued at about $105,000. Penserra Capital Management LLC bought a new position in Radware during the first quarter valued at about $107,000. Paloma Partners Management Co bought a new position in Radware during the fourth quarter valued at about $202,000. Finally, Cresset Asset Management LLC bought a new position in Radware during the first quarter valued at about $203,000. Institutional investors own 71.17% of the company’s stock.

RDWR traded down $0.07 during trading on Thursday, reaching $24.33. 153,592 shares of the stock traded hands, compared to its average volume of 214,625. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 57.93, a PEG ratio of 3.49 and a beta of 0.84. Radware has a fifty-two week low of $21.43 and a fifty-two week high of $28.50.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.13. The firm had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $59.43 million. Radware had a return on equity of 5.54% and a net margin of 7.09%. The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, research analysts forecast that Radware will post 0.39 earnings per share for the current year.

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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