In Friday’s Wall Street session, Radware Ltd. (NASDAQ:RDWR) shares traded at $21.42, down -2.15% from the previous session.
As of this writing, 4 analysts cover Radware Ltd. (NASDAQ:RDWR). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $28.00 and a low of $22.00, we find $25.00. Given the previous closing price of $21.89, this indicates a potential upside of 14.21 percent. RDWR stock price is now -2.53% away from the 50-day moving average and -16.81% away from the 200-day moving average. The market capitalization of the company currently stands at $981.68M.
There are 3 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $25.00 as their price target over the next twelve months.
With the price target maintained at $22, Jefferies recently Downgraded its rating from Buy to Hold for Radware Ltd. (NASDAQ: RDWR)., while ‘Colliers Securities’ rates the stock as ‘Buy’.
A total of 28.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in RDWR stock. A new stake in Radware Ltd. shares was purchased by RAYMOND JAMES & ASSOCIATES during the first quarter worth $454,000. OLD MISSION CAPITAL, LLC invested $249,000 in shares of RDWR during the first quarter. In the first quarter, BANK OF MONTREAL /CAN/ acquired a new stake in Radware Ltd. valued at approximately $240,000. WALLEYE TRADING LLC acquired a new stake in RDWR for approximately $222,000. AQUATIC CAPITAL MANAGEMENT LLC purchased a new stake in RDWR valued at around $28,000 in the second quarter. In total, there are 196 active investors with 74.60% ownership of the company’s stock.
Friday morning saw Radware Ltd. (NASDAQ: RDWR) opened at $21.94. During the past 12 months, Radware Ltd. has had a low of $17.42 and a high of $42.19. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.90, and a quick ratio of 1.80. The fifty day moving average price for RDWR is $21.98 and a two-hundred day moving average price translates $25.69 for the stock.
The latest earnings results from Radware Ltd. (NASDAQ: RDWR) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.18, missing analysts’ expectations of $0.19 by -0.01. This compares to $0.10 EPS in the same period last year. The net profit margin was -0.60% and return on equity was -0.50% for RDWR. The company reported revenue of $70.52 million for the quarter, compared to $73.42 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.95 percent. For the current quarter, analysts expect RDWR to generate $74.53M in revenue.
Radware Ltd.(RDWR) Company Profile
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application. It also provides Alteon, an application delivery controller/load balancer for web, cloud, and mobile based applications; and LinkProof NG, a multi-homing and enterprise gateway solution for connectivity of enterprise and cloud-based applications. In addition, the company offers Security Updates Subscription, which provides protection from network elements, hosts and applications against the latest security vulnerabilities and threats; ERT Active Attackers Feed that provides customers with information pertaining to attack sources recently involved in DDoS attacks and web attacks; Alteon Global Elastic License that enables a high level of flexibility for ADC services across datacenters, private and public clouds; APSolute Vision, a network monitoring tool for cyber security and application delivery solutions; and MSSP Portal, a DDoS detection and mitigation service portal. Further, it provides Cloud DDoS Protection Service, which offers a range of enterprise-grade DDoS protection services in the cloud, as well as technical support, professional, managed, and training and certification services to its customers. The company sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.