Equities analysts expect that Radware Ltd. (NASDAQ:RDWR) will post sales of $56.11 million for the current quarter, according to Zacks. Four analysts have issued estimates for Radware’s earnings. The highest sales estimate is $56.40 million and the lowest is $56.00 million. Radware posted sales of $51.71 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The firm is expected to report its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Radware will report full year sales of $56.11 million for the current year, with estimates ranging from $208.90 million to $209.30 million. For the next fiscal year, analysts anticipate that the firm will post sales of $226.66 million per share, with estimates ranging from $222.00 million to $235.10 million. Zacks’ sales averages are an average based on a survey of analysts that cover Radware.
A number of equities analysts have weighed in on the company. Barclays lifted 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 lifted their price objective on Radware from $18.50 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating on shares of Radware in a report on Friday, October 6th. Zacks Investment Research lowered shares of Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, BidaskClub lowered shares of 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 assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $20.83.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. lifted its stake in Radware by 8.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 535 shares during the period. Balter Liquid Alternatives LLC bought a new stake in shares of Radware in the 2nd quarter worth approximately $198,000. Aperio Group LLC bought a new stake in shares of Radware in the 2nd quarter worth approximately $210,000. Magnetar Financial LLC bought a new stake in shares of Radware in the 3rd quarter worth approximately $206,000. Finally, GSA Capital Partners LLP bought a new stake in shares of Radware in the 3rd quarter worth approximately $234,000. 61.69% of the stock is currently owned by institutional investors and hedge funds.
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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