Jefferies Group LLC Reaffirms Buy Rating for Radware Ltd. (RDWR)

Jefferies Group LLC reiterated their buy rating on shares of Radware Ltd. (NASDAQ:RDWR) in a research report report published on Friday morning.

Other research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $21.00 target price on shares of Radware in a report on Tuesday, September 12th. BidaskClub downgraded Radware from a buy rating to a hold rating in a report on Tuesday, July 25th. Imperial Capital reissued an outperform rating and issued a $21.00 price target (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Radware from a hold rating to a sell rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $18.36.

Radware (RDWR) opened at 17.20 on Friday. The firm’s market cap is $753.72 million. Radware has a 12-month low of $11.46 and a 12-month high of $18.33. The stock has a 50 day moving average price of $17.08 and a 200-day moving average price of $17.11.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. Radware had a negative return on equity of 2.14% and a negative net margin of 6.41%. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. During the same quarter last year, the business posted $0.06 EPS. Radware’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Radware will post $0.14 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in RDWR. Wells Fargo & Company MN lifted its holdings in shares of Radware by 81.9% in the 1st quarter. Wells Fargo & Company MN now owns 50,660 shares of the information technology services provider’s stock worth $819,000 after purchasing an additional 22,815 shares during the last quarter. First Trust Advisors LP increased its position in Radware by 143.5% in the 1st quarter. First Trust Advisors LP now owns 173,062 shares of the information technology services provider’s stock valued at $2,797,000 after acquiring an additional 101,979 shares during the period. US Bancorp DE increased its position in Radware by 142.2% in the 1st quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock valued at $254,000 after acquiring an additional 9,248 shares during the period. Oxford Asset Management acquired a new stake in Radware in the 1st quarter valued at approximately $270,000. Finally, JPMorgan Chase & Co. increased its position in Radware by 24.1% in the 1st quarter. JPMorgan Chase & Co. now owns 41,508 shares of the information technology services provider’s stock valued at $671,000 after acquiring an additional 8,073 shares during the period. 61.09% of the stock is curren

Other research analysts also recently issued research reports about the company. Needham & Company LLC reaffirmed a buy rating and set a $21.00 target price on shares of Radware in a report on Tuesday, September 12th. BidaskClub downgraded Radware from a buy rating to a hold rating in a report on Tuesday, July 25th. Imperial Capital reissued an outperform rating and issued a $21.00 price target (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. Finally, Zacks Investment Research downgraded Radware from a hold rating to a sell rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $18.36.

Radware (RDWR) opened at 17.20 on Friday. The firm’s market cap is $753.72 million. Radware has a 12-month low of $11.46 and a 12-month high of $18.33. The stock has a 50 day moving average price of $17.08 and a 200-day moving average price of $17.11.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. Radware had a negative return on equity of 2.14% and a negative net margin of 6.41%. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. During the same quarter last year, the business posted $0.06 EPS. Radware’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities analysts forecast that Radware will post $0.14 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this article on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/09/jefferies-group-llc-reaffirms-buy-rating-for-radware-ltd-rdwr.html.

Several hedge funds and other institutional investors have recently made changes to their positions in RDWR. Wells Fargo & Company MN lifted its holdings in shares of Radware by 81.9% in the 1st quarter. Wells Fargo & Company MN now owns 50,660 shares of the information technology services provider’s stock worth $819,000 after purchasing an additional 22,815 shares during the last quarter. First Trust Advisors LP increased its position in Radware by 143.5% in the 1st quarter. First Trust Advisors LP now owns 173,062 shares of the information technology services provider’s stock valued at $2,797,000 after acquiring an additional 101,979 shares during the period. US Bancorp DE increased its position in Radware by 142.2% in the 1st quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock valued at $254,000 after acquiring an additional 9,248 shares during the period. Oxford Asset Management acquired a new stake in Radware in the 1st quarter valued at approximately $270,000. Finally, JPMorgan Chase & Co. increased its position in Radware by 24.1% in the 1st quarter. JPMorgan Chase & Co. now owns 41,508 shares of the information technology services provider’s stock valued at $671,000 after acquiring an additional 8,073 shares during the period. 61.09% of the stock is currently owned by institutional investors and hedge funds.

Radware Company Profile

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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