Radware (NASDAQ:RDWR) had its price target increased by Needham & Company LLC from $23.00 to $24.50 in a research report released on Thursday, Marketbeat.com reports. They currently have a buy rating on the information technology services provider’s stock.

A number of other research analysts also recently issued reports on RDWR. Zacks Investment Research upgraded Radware from a strong sell rating to a hold rating in a research note on Wednesday, October 18th. Barclays boosted their price objective on Radware from $19.00 to $22.00 and gave the company an overweight rating in a research note on Thursday, November 2nd. Dougherty & Co boosted their price objective on Radware from $18.50 to $22.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, BidaskClub downgraded Radware from a hold rating to a sell rating in a research note on Wednesday, December 20th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. The company has a consensus rating of Buy and an average price target of $22.07.

Radware (NASDAQ RDWR) opened at $20.86 on Thursday. The stock has a market capitalization of $906.99, a P/E ratio of -130.38, a P/E/G ratio of 57.15 and a beta of 1.00. Radware has a 52 week low of $15.13 and a 52 week high of $21.26.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. The company had revenue of $58.50 million during the quarter, compared to the consensus estimate of $55.93 million. Radware had a negative return on equity of 1.77% and a negative net margin of 3.55%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. equities analysts expect that Radware will post 0.02 EPS for the current year.

A number of hedge funds have recently bought and sold shares of RDWR. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Radware by 8.3% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 535 shares during the period. Magnetar Financial LLC bought a new position in Radware in the 3rd quarter worth approximately $206,000. GSA Capital Partners LLP bought a new position in Radware in the 3rd quarter worth approximately $234,000. OxFORD Asset Management LLP bought a new position in Radware in the 3rd quarter worth approximately $242,000. Finally, Trexquant Investment LP bought a new position in Radware in the 3rd quarter worth approximately $274,000. Institutional investors and hedge funds own 61.44% of the company’s stock.

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Radware Company Profile

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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