BidaskClub downgraded shares of Radware (NASDAQ:RDWR) from a sell rating to a strong sell rating in a research note published on Saturday morning, BidAskClub reports.

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.

Radware (NASDAQ:RDWR) last released 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 Zacks’ consensus estimate of $0.13 by ($0.02). Radware had a net margin of 7.84% and a return on equity of 6.35%. The business had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $60.04 million. During the same period in the previous year, the company earned $0.10 EPS. Radware’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Radware will post 0.5 EPS for the current fiscal year.

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.

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.

Read More: Stop Order Uses For Individual Investors

Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.