Radware Ltd. (RDWR) Stock Rating Reaffirmed by Jefferies Group LLC

Radware Ltd. (NASDAQ:RDWR)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC in a report released on Friday.

RDWR has been the topic of several other research reports. Zacks Investment Research lowered Radware from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Imperial Capital reiterated an “outperform” rating and issued a $21.00 price target (up previously from $20.00) on shares of Radware in a research note on Thursday, August 10th. BidaskClub lowered Radware from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $21.00 price target on shares of Radware in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $18.36.

Shares of Radware (NASDAQ RDWR) opened at 17.20 on Friday. The company’s market cap is $753.72 million. Radware has a one year low of $11.46 and a one year high of $18.33. The stock’s 50 day moving average price is $17.08 and its 200 day moving average price is $17.11.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. Radware had a negative return on equity of 2.14% and a negative net margin of 6.41%. The company had revenue of $50.96 million for the quarter, compared to analyst estimates of $50.19 million. During the same quarter last year, the company posted $0.06 EPS. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. Equities analysts predict that Radware will post $0.14 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of the stock. ETF Managers Group LLC bought a new stake in Radware during the 2nd quarter worth $40,097,000. Ion Asset Management Ltd. grew its position in Radware by 18.7% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,753,275 shares of the information technology services provider’s stock worth $30,753,000 after acquiring an additional 276,780 shares during the last quarter. Nuveen Asset Management LLC grew its position in Radware by 5.3% during the 1st quarter. Nuveen Asset Management LLC now owns 794,456 shares of the information technology services provider’s stock worth $12,838,000 after acquiring an additional 40,114 shares during the last quarter. Renaissance Technologies LLC grew its position in Radware by 66.2% during the 1st quarter. Renaissance Technologies LLC now owns 480,897 shares of the information technology services provider’s stock worth $7,771,000 after acquiring an additional 191,597 shares during the last quarter. Finally, Hood River Capital Management LLC grew its position in Radware by 2.6% during the 2nd quarter. Hood River Capital Management LLC now owns 441,353 shares of the information technology services provider’s stock worth $7,741,000 after acquiring an additional 11,192 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.

About Radware

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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