Radware (NASDAQ:RDWR) Raised to B- at TheStreet

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Radware (NASDAQ:RDWR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Thursday, TheStreetRatingsTable reports.

Several other equities research analysts have also recently issued reports on RDWR. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Saturday, November 9th. BidaskClub lowered Radware from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 7th.

Shares of Radware stock traded down $0.20 during mid-day trading on Thursday, hitting $24.00. The stock had a trading volume of 144,774 shares, compared to its average volume of 171,693. The firm has a 50-day moving average of $23.29 and a two-hundred day moving average of $24.27. The firm has a market cap of $1.14 billion, a P/E ratio of 82.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89. Radware has a 12-month low of $21.43 and a 12-month high of $26.98.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, November 6th. The information technology services provider reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.13. Radware had a net margin of 9.33% and a return on equity of 7.41%. The firm had revenue of $62.86 million for the quarter, compared to analyst estimates of $62.84 million. During the same quarter in the previous year, the company earned $0.15 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, equities research analysts anticipate that Radware will post 0.59 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. Wakefield Asset Management LLLP raised its stake in shares of Radware by 2.1% in the 3rd quarter. Wakefield Asset Management LLLP now owns 22,058 shares of the information technology services provider’s stock valued at $535,000 after acquiring an additional 445 shares during the period. Man Group plc boosted its position in shares of Radware by 1.2% during the 3rd quarter. Man Group plc now owns 96,143 shares of the information technology services provider’s stock worth $2,332,000 after purchasing an additional 1,110 shares during the period. Optimum Investment Advisors purchased a new position in shares of Radware during the 3rd quarter worth approximately $32,000. Quantamental Technologies LLC increased its holdings in Radware by 324.2% in the 2nd quarter. Quantamental Technologies LLC now owns 2,346 shares of the information technology services provider’s stock valued at $58,000 after purchasing an additional 1,793 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Radware by 7.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 26,910 shares of the information technology services provider’s stock valued at $656,000 after purchasing an additional 1,961 shares during the last quarter. 74.09% of the stock is owned by institutional investors.

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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