StockNews.com Upgrades Radware (NASDAQ:RDWR) to “Strong-Buy”

StockNews.com upgraded shares of Radware (NASDAQ:RDWR) from a buy rating to a strong-buy rating in a report issued on Wednesday.

RDWR has been the subject of several other research reports. Needham & Company LLC reiterated a hold rating on shares of Radware in a research note on Wednesday, July 31st. Barclays boosted their price target on Radware from $22.00 to $23.00 and gave the company an overweight rating in a research note on Thursday, August 1st.

Radware Stock Up 0.5 %

RDWR opened at $22.09 on Wednesday. The stock has a market cap of $978.81 million, a price-to-earnings ratio of -48.02 and a beta of 0.98. Radware has a 12-month low of $13.53 and a 12-month high of $23.05. The business has a 50 day moving average of $19.57 and a 200-day moving average of $18.87.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share for the quarter. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. The company had revenue of $67.28 million for the quarter, compared to analyst estimates of $66.10 million. As a group, analysts expect that Radware will post 0.16 earnings per share for the current year.

Institutional Investors Weigh In On Radware

Several institutional investors and hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in Radware by 16.4% in the 2nd quarter. Van ECK Associates Corp now owns 9,164 shares of the information technology services provider’s stock valued at $167,000 after buying an additional 1,291 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Radware by 14.3% during 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 acquiring an additional 1,774 shares in the last quarter. California State Teachers Retirement System increased its stake in Radware by 9.7% in the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock valued at $762,000 after acquiring an additional 3,599 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 valued at $120,000 after purchasing an additional 4,539 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Radware during the second quarter worth $120,000. Institutional investors own 73.12% of the company’s stock.

About Radware

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.