Radware (NASDAQ:RDWR) Trading 5.9% Higher – Here’s What Happened

Radware Ltd. (NASDAQ:RDWRGet Free Report)’s share price traded up 5.9% on Monday . The company traded as high as $22.12 and last traded at $22.45. 7,957 shares were traded during mid-day trading, a decline of 94% from the average session volume of 123,871 shares. The stock had previously closed at $21.19.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC reaffirmed a “hold” rating on shares of Radware in a report on Friday, February 14th.

Check Out Our Latest Stock Report on Radware

Radware Trading Down 2.0 %

The stock has a market capitalization of $927.67 million, a P/E ratio of 157.80 and a beta of 0.95. The firm’s fifty day moving average is $22.34 and its 200-day moving average is $22.44.

Radware (NASDAQ:RDWRGet Free Report) last released its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.12). Radware had a net margin of 2.20% and a return on equity of 3.81%. Equities research analysts expect that Radware Ltd. will post 0.28 EPS for the current year.

Institutional Trading of Radware

A number of hedge funds and other institutional investors have recently modified their holdings of RDWR. Covestor Ltd bought a new stake in shares of Radware during the fourth quarter worth approximately $28,000. Plato Investment Management Ltd acquired a new stake in shares of Radware during the fourth quarter worth $30,000. New Age Alpha Advisors LLC acquired a new stake in shares of Radware in the 4th quarter valued at about $32,000. Quantbot Technologies LP bought a new position in shares of Radware during the 4th quarter worth approximately $59,000. Finally, R Squared Ltd bought a new stake in Radware during the 4th quarter worth about $62,000. Institutional investors and hedge funds own 73.12% of the company’s stock.

Radware Company Profile

(Get Free Report)

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.

Further Reading

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