Radware (NASDAQ:RDWR) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Radware (NASDAQ:RDWR) from a hold rating to a sell rating in a report issued on Wednesday, BidAskClub reports.

A number of other equities research analysts have also recently weighed in on RDWR. ValuEngine cut shares of Radware from a strong-buy rating to a buy rating in a research report on Wednesday, May 1st. TheStreet cut shares of Radware from a b rating to a c+ rating in a research report on Thursday, May 2nd. Finally, Zacks Investment Research raised shares of Radware from a hold rating to a strong-buy rating and set a $29.00 price target for the company in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $29.67.

Shares of RDWR opened at $25.02 on Wednesday. Radware has a 1-year low of $21.43 and a 1-year high of $28.50. The stock has a market cap of $1.14 billion, a PE ratio of 52.02, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. The firm has a fifty day moving average price of $25.25 and a 200 day moving average price of $25.07.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). Radware had a net margin of 7.84% and a return on equity of 6.35%. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $60.04 million. During the same period last year, the firm earned $0.10 earnings per share. Radware’s revenue was up 5.6% on a year-over-year basis. On average, analysts anticipate that Radware will post 0.5 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Quantamental Technologies LLC raised its holdings in shares of Radware by 324.2% in the second quarter. Quantamental Technologies LLC now owns 2,346 shares of the information technology services provider’s stock valued at $58,000 after buying an additional 1,793 shares during the last quarter. Cypress Capital Management LLC WY purchased a new stake in shares of Radware in the first quarter valued at about $52,000. Dupont Capital Management Corp raised its holdings in shares of Radware by 50.0% in the second quarter. Dupont Capital Management Corp now owns 6,000 shares of the information technology services provider’s stock valued at $148,000 after buying an additional 2,000 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Radware by 1.6% in the first quarter. California Public Employees Retirement System now owns 174,028 shares of the information technology services provider’s stock valued at $4,547,000 after buying an additional 2,743 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Radware by 127.7% in the second quarter. Wells Fargo & Company MN now owns 4,948 shares of the information technology services provider’s stock valued at $122,000 after buying an additional 2,775 shares during the last quarter. 73.51% of the stock is owned by institutional investors and hedge funds.

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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