Radware Ltd. (RDWR) Trading NaN Higher on Analyst Upgrade
Radware Ltd. (NASDAQ:RDWR)’s share price traded up NaN on Thursday after Dougherty & Co raised their price target on the stock from $18.50 to $22.00. Dougherty & Co currently has a buy rating on the stock. Radware traded as high as $19.18 and last traded at $0.00. 850,674 shares were traded during mid-day trading, an increase of Infinity from the average session volume of 0 shares.
A number of other equities analysts have also weighed in on the stock. Barclays PLC lifted their price objective on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Radware from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Jefferies Group LLC restated a “buy” rating on shares of Radware in a research report on Friday, October 6th. Needham & Company LLC restated a “buy” rating and set a $21.00 target price on shares of Radware in a research report on Tuesday, September 12th. Finally, BidaskClub upgraded shares of Radware from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $20.14.
Several hedge funds and other institutional investors have recently modified their holdings of RDWR. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of Radware by 8.3% during 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 in the last quarter. Balter Liquid Alternatives LLC purchased a new stake in shares of Radware during the 2nd quarter worth $198,000. Aperio Group LLC purchased a new stake in shares of Radware during the 2nd quarter worth $210,000. KCG Holdings Inc. boosted its position 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 worth $255,000 after buying an additional 4,984 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position 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 worth $279,000 after buying an additional 3,101 shares in the last quarter. Institutional investors own 60.71% of the company’s stock.
Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. Radware had a negative return on equity of 2.27% and a negative net margin of 5.74%. The firm had revenue of $50.96 million during the quarter, compared to analyst estimates of $50.19 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 2.8% on a year-over-year basis. research analysts expect that Radware Ltd. will post -0.14 earnings per share for the current fiscal year.
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.
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