Radware Ltd. (NASDAQ:RDWR) had its target price hoisted by Dougherty & Co from $18.50 to $22.00 in a research report released on Thursday morning. They currently have a buy rating on the information technology services provider’s stock.

Several other research firms also recently issued reports on RDWR. BidaskClub downgraded Radware from a buy rating to a hold rating in a report on Tuesday, July 25th. Imperial Capital restated an outperform rating and set a $21.00 price objective (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. Zacks Investment Research downgraded Radware from a hold rating to a sell rating in a report on Tuesday, August 8th. Barclays PLC boosted their price objective on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a report on Thursday. Finally, Needham & Company LLC reiterated a buy rating and issued a $21.00 target price (up previously from $19.00) on shares of Radware in a report on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $20.14.

Radware (RDWR) traded up $0.31 during midday trading on Thursday, reaching $19.45. The company’s stock had a trading volume of 312,077 shares, compared to its average volume of 149,886.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. The firm had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative return on equity of 2.27% and a negative net margin of 5.74%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. equities research analysts forecast that Radware will post -0.14 earnings per share for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of 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 valued at $122,000 after purchasing an additional 535 shares during the period. Balter Liquid Alternatives LLC acquired a new position in shares of Radware in the 2nd quarter valued at about $198,000. Aperio Group LLC bought a new stake in shares of Radware in the 2nd quarter valued at approximately $210,000. KCG Holdings Inc. grew its stake in shares of Radware by 46.2% in the 1st quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock valued at $255,000 after buying an additional 4,984 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Radware by 24.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after buying an additional 3,101 shares in the last quarter. Institutional investors own 60.71% of the company’s stock.

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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