Radware (RDWR) Raised to “Strong-Buy” at BidaskClub

Saturday, June 30 2018

Radware (RDWR) Raised to “Strong-Buy” at BidaskClub

Posted by Anna Parker Philips on Jun 30th, 2018 // No Comments
BidaskClub upgraded shares of Radware (NASDAQ:RDWR) from a buy rating to a strong-buy rating in a research report released on Tuesday.
Several other research analysts have also commented on RDWR. Needham & Company LLC lifted their price objective on shares of Radware from $26.00 to $32.00 and gave the stock a buy rating in a research note on Monday, June 25th. ValuEngine raised shares of Radware from a hold rating to a buy rating in a research note on Monday, April 2nd. Finally, Barclays set a $25.00 target price on shares of Radware and gave the company a buy rating in a research note on Wednesday, May 2nd. One research analyst has rated the stock with a sell rating, six have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of Buy and an average price target of $24.33. Get Radware alerts:
NASDAQ RDWR opened at $25.28 on Tuesday. Radware has a 52 week low of $15.82 and a 52 week high of $25.67. Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, May 2nd. The information technology services provider reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $54.50 million during the quarter, compared to analyst estimates of $54.10 million. Radware had a negative net margin of 2.03% and a negative return on equity of 1.21%. Radware’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share. equities research analysts expect that Radware will post 0.06 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of RDWR. Asset Management One Co. Ltd. boosted its stake in shares of Radware by 41.9% during the first quarter. Asset Management One Co. Ltd. now owns 8,470 shares of the information technology services provider’s stock valued at $181,000 after purchasing an additional 2,500 shares during the period. Citigroup Inc. boosted its stake in shares of Radware by 171.9% during the first quarter. Citigroup Inc. now owns 9,193 shares of the information technology services provider’s stock valued at $197,000 after purchasing an additional 5,812 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Radware during the fourth quarter valued at $259,000. ARK Investment Management LLC purchased a new stake in shares of Radware during the fourth quarter valued at $288,000. Finally, Cavalier Investments LLC purchased a new stake in shares of Radware during the first quarter valued at $357,000. 62.51% of the stock is owned by hedge funds and other institutional investors.
About Radware
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application. Receive News & Ratings for Radware analysts' ratings for Radware and related companies daily email newsletter .