Brokerages Set Radware Ltd. (NASDAQ:RDWR) Price Target at $30.00

Radware Ltd. (NASDAQ:RDWR) has earned an average recommendation of “Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $30.00.

RDWR has been the subject of a number of research analyst reports. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet upgraded Exantas Capital from a “d+” rating to a “c” rating in a report on Thursday, May 2nd. BidaskClub downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a report on Wednesday, July 3rd.

Several hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC increased its holdings in Radware by 0.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,801,845 shares of the information technology services provider’s stock valued at $47,085,000 after purchasing an additional 10,685 shares in the last quarter. Delek Group Ltd. increased its holdings in Radware by 33.0% in the 4th quarter. Delek Group Ltd. now owns 688,573 shares of the information technology services provider’s stock valued at $16,057,000 after purchasing an additional 170,939 shares in the last quarter. BlackRock Inc. increased its holdings in Radware by 64.6% in the 4th quarter. BlackRock Inc. now owns 604,039 shares of the information technology services provider’s stock valued at $13,717,000 after purchasing an additional 236,975 shares in the last quarter. Rice Hall James & Associates LLC acquired a new stake in Radware in the 1st quarter valued at $13,039,000. Finally, Ibex Investors LLC acquired a new stake in Radware in the 1st quarter valued at $12,292,000. Institutional investors and hedge funds own 74.72% of the company’s stock.

Shares of Radware stock traded up $0.03 during trading hours on Friday, reaching $24.58. 1,155 shares of the company’s stock were exchanged, compared to its average volume of 113,221. Radware has a 52-week low of $21.43 and a 52-week high of $28.50. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 84.97, a price-to-earnings-growth ratio of 3.32 and a beta of 0.90. The company’s fifty day moving average is $24.28.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, May 1st. The information technology services provider reported $0.18 earnings per share 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 company had revenue of $61.40 million for the quarter, compared to analyst estimates of $59.43 million. During the same quarter 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, analysts expect that Radware will post 0.41 earnings per share for the current fiscal year.

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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