According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “
Other equities analysts also recently issued research reports about the company. BidaskClub downgraded Radware from a buy rating to a hold rating in a research report on Wednesday, May 20th. Oppenheimer reissued a buy rating and issued a $27.00 price objective on shares of Radware in a research note on Wednesday, May 6th. ValuEngine cut shares of Radware from a buy rating to a hold rating in a research note on Friday, May 1st. Berenberg Bank cut shares of Radware from a buy rating to a hold rating in a research report on Wednesday, April 1st. Finally, Barclays lowered their price target on shares of Radware from $27.00 to $26.00 and set an overweight rating on the stock in a research report on Thursday, May 7th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Radware presently has an average rating of Hold and an average target price of $26.33.
Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, May 6th. The information technology services provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Radware had a return on equity of 6.60% and a net margin of 8.29%. The company had revenue of $60.00 million for the quarter, compared to analysts’ expectations of $61.52 million. During the same period in the prior year, the firm earned $0.18 EPS. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. Equities research analysts predict that Radware will post 0.41 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in RDWR. BNP Paribas Arbitrage SA acquired a new position in Radware in the first quarter valued at approximately $111,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Radware by 16.0% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,788 shares of the information technology services provider’s stock worth $143,000 after purchasing an additional 934 shares during the period. Stifel Financial Corp purchased a new position in shares of Radware during the 4th quarter worth $203,000. Wells Fargo & Company MN increased its position in shares of Radware by 71.1% during the 1st quarter. Wells Fargo & Company MN now owns 11,115 shares of the information technology services provider’s stock worth $234,000 after purchasing an additional 4,620 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Radware in the 4th quarter valued at about $242,000. 71.69% of the stock is currently owned by hedge funds and other institutional investors.
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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