BidaskClub Downgrades Radware (NASDAQ:RDWR) to Strong Sell
Separately, Zacks Investment Research upgraded shares of Radware from a hold rating to a strong-buy rating and set a $29.00 target price on the stock in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $29.67.
RDWR stock opened at $24.33 on Friday. The firm has a fifty day moving average price of $25.25 and a 200 day moving average price of $25.09. Radware has a fifty-two week low of $21.43 and a fifty-two week high of $27.16. The firm has a market cap of $1.09 billion, a PE ratio of 83.90, a price-to-earnings-growth ratio of 2.74 and a beta of 0.91.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cypress Capital Management LLC WY bought a new stake in shares of Radware in the 1st quarter valued at approximately $52,000. Quantamental Technologies LLC grew its holdings in Radware by 324.2% during the 2nd quarter. Quantamental Technologies LLC now owns 2,346 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 1,793 shares during the last quarter. Hillsdale Investment Management Inc. bought a new position in Radware during the 2nd quarter valued at about $101,000. Dupont Capital Management Corp bought a new position in Radware during the 1st quarter valued at about $105,000. Finally, Penserra Capital Management LLC purchased a new stake in Radware in the 1st quarter worth about $107,000. 73.02% of the stock is currently owned by institutional investors.
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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