Radware Ltd. (NASDAQ:RDWR) Receives Consensus Rating of “Hold” from Brokerages

Radware Ltd. (NASDAQ:RDWR) has been given a consensus recommendation of “Hold” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $30.00.

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Radware in a research report on Friday, March 27th. Wall Street Zen upgraded Radware from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Thursday.

Hedge Funds Weigh In On Radware

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Radware by 3,178.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,213 shares of the information technology services provider’s stock worth $29,000 after acquiring an additional 1,176 shares during the last quarter. Parallel Advisors LLC increased its holdings in Radware by 48.8% in the 1st quarter. Parallel Advisors LLC now owns 1,140 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 374 shares during the last quarter. Simplex Trading LLC increased its holdings in Radware by 51.4% in the 4th quarter. Simplex Trading LLC now owns 1,544 shares of the information technology services provider’s stock worth $37,000 after acquiring an additional 524 shares during the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in Radware by 47.8% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 1,700 shares of the information technology services provider’s stock worth $41,000 after acquiring an additional 550 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Radware in the 4th quarter worth about $49,000. 73.12% of the stock is currently owned by institutional investors.

Radware Trading Up 5.6%

NASDAQ RDWR traded up $1.50 during mid-day trading on Thursday, hitting $28.36. The company’s stock had a trading volume of 274,496 shares, compared to its average volume of 264,044. The company’s 50 day simple moving average is $25.55 and its 200 day simple moving average is $24.75. Radware has a twelve month low of $21.42 and a twelve month high of $31.57. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 63.02 and a beta of 0.81.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Tuesday, March 31st. The information technology services provider reported $0.30 earnings per share (EPS) for the quarter. Radware had a net margin of 6.71% and a return on equity of 7.21%. The business had revenue of $79.81 million during the quarter.

Radware declared that its Board of Directors has authorized a stock repurchase plan on Friday, February 13th that authorizes the company to buyback $80.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission?critical applications. Its product portfolio includes on?premises and cloud?based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real?time behavioral analysis, machine learning and automation to protect against distributed denial?of?service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.