StockNews.com Lowers Radware (NASDAQ:RDWR) to Buy

Radware (NASDAQ:RDWR) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

Separately, Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Friday, May 17th.

Radware Price Performance

Shares of NASDAQ:RDWR traded up $0.50 during mid-day trading on Thursday, reaching $18.48. 127,407 shares of the company were exchanged, compared to its average volume of 322,412. The firm has a market cap of $818.85 million, a price-to-earnings ratio of -40.17 and a beta of 0.98. Radware has a 1 year low of $13.53 and a 1 year high of $20.94. The firm’s 50-day simple moving average is $18.73 and its 200 day simple moving average is $18.29.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, May 8th. The information technology services provider reported $0.16 earnings per share for the quarter, beating 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 business had revenue of $65.10 million during the quarter, compared to analysts’ expectations of $63.57 million. During the same period in the previous year, the firm posted ($0.02) earnings per share. The company’s revenue was down 5.7% on a year-over-year basis. On average, research analysts forecast that Radware will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Radware

Large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of 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 buying an additional 4,539 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position 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 valued at $236,000 after purchasing an additional 1,774 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Radware in the 4th quarter valued at approximately $445,000. Tidal Investments LLC acquired a new stake in shares of Radware in the 1st quarter valued at $494,000. Finally, California State Teachers Retirement System lifted its position in shares of Radware by 9.7% during 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 purchasing an additional 3,599 shares during the last quarter. Hedge funds and other 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.