Radware (NASDAQ:RDWR) Earns Hold Rating from Needham & Company LLC

Radware (NASDAQ:RDWR)‘s stock had its “hold” rating reiterated by Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports.

Several other equities research analysts also recently commented on the stock. Barclays boosted their target price on shares of Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. StockNews.com raised Radware from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd.

Radware Trading Up 11.3 %

Shares of Radware stock opened at $19.16 on Thursday. The company has a market cap of $848.92 million, a P/E ratio of -38.32 and a beta of 0.97. The business has a 50-day moving average price of $18.03 and a two-hundred day moving average price of $17.09. Radware has a 1-year low of $13.53 and a 1-year high of $20.94.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $65.10 million during the quarter, compared to the consensus estimate of $63.57 million. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.02) earnings per share. Equities research analysts forecast that Radware will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Radware

A number of institutional investors have recently added to or reduced their stakes in RDWR. Robeco Institutional Asset Management B.V. boosted its stake in shares of Radware by 14.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 14,139 shares of the information technology services provider’s stock worth $236,000 after buying an additional 1,774 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Radware by 239.5% during the first quarter. BNP Paribas Financial Markets now owns 6,434 shares of the information technology services provider’s stock worth $120,000 after acquiring an additional 4,539 shares during the period. Citigroup Inc. grew its stake in Radware by 16.8% in the 3rd quarter. Citigroup Inc. now owns 101,821 shares of the information technology services provider’s stock valued at $1,723,000 after purchasing an additional 14,623 shares during the period. Trexquant Investment LP purchased a new stake in shares of Radware during the 4th quarter valued at $445,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Radware by 22.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,654,735 shares of the information technology services provider’s stock worth $27,601,000 after purchasing an additional 308,396 shares during the period. 73.12% of the stock is owned by institutional investors.

Radware Company Profile

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.