Radware Ltd. (NASDAQ:RDWR) Short Interest Up 22.0% in July

Radware Ltd. (NASDAQ:RDWR) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 524,300 shares, an increase of 22.0% from the June 30th total of 429,600 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average trading volume of 407,200 shares, the short-interest ratio is presently 1.3 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RDWR. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Friday, May 17th. StockNews.com downgraded Radware from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Hedge Funds Weigh In On Radware

Several large investors have recently made changes to their positions in RDWR. First Trust Advisors LP lifted its stake in Radware by 90.4% during the fourth quarter. First Trust Advisors LP now owns 2,446,925 shares of the information technology services provider’s stock valued at $40,815,000 after purchasing an additional 1,161,535 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position 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 valued at $27,601,000 after acquiring an additional 308,396 shares during the last quarter. ARK Investment Management LLC boosted its stake in shares of Radware by 7.0% during the 2nd quarter. ARK Investment Management LLC now owns 133,559 shares of the information technology services provider’s stock worth $2,436,000 after acquiring an additional 8,715 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of Radware by 9.7% in the 1st quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock worth $762,000 after acquiring an additional 3,599 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in shares of Radware during the fourth quarter worth $445,000. Institutional investors own 73.12% of the company’s stock.

Radware Trading Up 0.4 %

NASDAQ:RDWR traded up $0.07 during midday trading on Friday, hitting $18.55. 127,223 shares of the stock were exchanged, compared to its average volume of 260,385. The company has a market capitalization of $821.89 million, a price-to-earnings ratio of -40.33 and a beta of 0.98. Radware has a one year low of $13.53 and a one year high of $20.94. The business has a 50-day moving average price of $18.66 and a two-hundred day moving average price of $18.31.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, May 8th. The information technology services provider reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Radware had a negative return on equity of 2.62% and a negative net margin of 7.67%. The company had revenue of $65.10 million for the quarter, compared to the consensus estimate of $63.57 million. During the same quarter in the previous year, the business earned ($0.02) EPS. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. Sell-side analysts forecast that Radware will post 0.08 EPS for the current fiscal year.

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.