BidaskClub Lowers Radware (NASDAQ:RDWR) to Sell
RDWR has been the topic of a number of other reports. Zacks Investment Research lowered Radware from a buy rating to a hold rating in a research note on Wednesday, March 13th. ValuEngine lowered Radware from a strong-buy rating to a buy rating in a research note on Wednesday, May 1st. Finally, TheStreet lowered Radware from a b rating to a c+ rating in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Radware presently has an average rating of Buy and an average price target of $29.60.
NASDAQ:RDWR opened at $24.75 on Friday. Radware has a 52-week low of $21.43 and a 52-week high of $28.50. The firm has a market cap of $1.10 billion, a P/E ratio of 85.34, a P/E/G ratio of 3.35 and a beta of 0.90.
A number of institutional investors have recently bought and sold shares of RDWR. Cypress Capital Management LLC WY purchased a new position in Radware during the first quarter worth about $52,000. Dupont Capital Management Corp purchased a new position in Radware during the first quarter worth about $105,000. Penserra Capital Management LLC purchased a new position in Radware during the first quarter worth about $107,000. Paloma Partners Management Co purchased a new position in Radware during the fourth quarter worth about $202,000. Finally, Qtron Investments LLC purchased a new position in Radware during the first quarter worth about $275,000. Institutional investors and hedge funds own 74.72% 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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