Radware Sees Unusually High Options Volume (RDWR)

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Radware Ltd. (NASDAQ:RDWR) was the target of unusually large options trading on Thursday. Stock investors purchased 1,164 put options on the company. This is an increase of 998% compared to the typical volume of 106 put options.

RDWR stock traded down $0.07 on Friday, reaching $24.33. The company’s stock had a trading volume of 6,684 shares, compared to its average volume of 206,460. Radware has a 52 week low of $21.43 and a 52 week high of $28.50. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 84.07, a price-to-earnings-growth ratio of 3.47 and a beta of 0.84.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.13. Radware had a return on equity of 5.54% and a net margin of 7.09%. The business had revenue of $61.40 million during the quarter, compared to analyst estimates of $59.43 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts forecast that Radware will post 0.39 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of RDWR. Cypress Capital Management LLC WY bought a new position in Radware during the 1st quarter valued at $52,000. Dupont Capital Management Corp bought a new position in Radware during the 1st quarter valued at $105,000. Penserra Capital Management LLC bought a new position in Radware during the 1st quarter valued at $107,000. Paloma Partners Management Co bought a new position in Radware during the 4th quarter valued at $202,000. Finally, Cresset Asset Management LLC bought a new position in Radware during the 1st quarter valued at $203,000. 71.17% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered Radware from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 9th. TheStreet lowered Radware from a “b” rating to a “c+” rating in a report on Thursday, May 2nd. BidaskClub lowered Radware from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. Finally, ValuEngine lowered Radware from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company’s stock. Radware has an average rating of “Buy” and a consensus price target of $30.00.

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Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.

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