Key Points
- Director Yair Tauman sold 1,919 Radware shares at an average price of $36.05, totaling approximately $69,180. His remaining stake fell 11.34% to 15,000 shares.
- Radware’s quarterly results exceeded expectations, with EPS of $0.32 versus the $0.29 consensus and revenue of $84.36 million, up 12% year over year.
- Analysts maintain a generally cautious outlook: Radware has an average “Hold” rating and a consensus price target of $40, while institutional investors own 73.12% of the stock.
Radware Ltd. (NASDAQ:RDWR - Get Free Report) Director Yair Tauman sold 1,919 shares of the business's stock in a transaction dated Friday, October 30th. The shares were sold at an average price of $36.05, for a total value of $69,179.95. Following the sale, the director directly owned 15,000 shares of the company's stock, valued at $540,750. This represents a 11.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Radware Stock Down 5.6%
Shares of RDWR opened at $32.64 on Tuesday. The business has a 50-day simple moving average of $29.90 and a two-hundred day simple moving average of $27.77. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $38.50. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 67.56 and a beta of 0.86.
Radware (NASDAQ:RDWR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.03. Radware had a return on equity of 6.57% and a net margin of 4.26%. The company had revenue of $84.36 million during the quarter, compared to the consensus estimate of $83.02 million. During the same period in the previous year, the company posted $0.28 EPS. The firm's revenue was up 12.0% on a year-over-year basis.
Analysts Set New Price Targets
RDWR has been the topic of several recent analyst reports. Jefferies Financial Group restated a "hold" rating and set a $40.00 price objective on shares of Radware in a research report on Wednesday, October 28th. Wall Street Zen raised shares of Radware from a "hold" rating to a "buy" rating in a report on Tuesday, October 13th. Finally, Weiss Ratings upgraded Radware from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, October 13th. Three investment analysts have rated the stock with a Hold rating. According to MarketBeat, Radware presently has an average rating of "Hold" and a consensus price target of $40.00.
Get Our Latest Stock Report on Radware
Institutional Investors Weigh In On Radware
Hedge funds have recently made changes to their positions in the stock. Rice Hall James & Associates LLC grew its stake in shares of Radware by 2.4% during the first quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider's stock worth $17,983,000 after acquiring an additional 16,204 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Radware by 17.3% in the 1st quarter. Lazard Asset Management LLC now owns 98,020 shares of the information technology services provider's stock worth $2,580,000 after buying an additional 14,464 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Radware during the 2nd quarter worth approximately $2,057,000. Swiss National Bank lifted its stake in Radware by 3.0% during the 1st quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider's stock valued at $1,832,000 after acquiring an additional 2,000 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in Radware by 87.5% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider's stock valued at $1,686,000 after acquiring an additional 25,499 shares during the period. 73.12% of the stock is currently owned by hedge funds and other institutional investors.
Radware Company Profile
(
Get Free Report)
Radware Ltd. (NASDAQ: RDWR) is a global provider of cybersecurity and application delivery solutions. The company helps organizations protect digital applications, networks and cloud environments from cyberattacks while maintaining the availability and performance of online services.
Its portfolio includes distributed denial-of-service (DDoS) protection, web application and API security, bot management, cloud security services, and network behavior analysis. Radware also offers application delivery controllers, load balancing and related traffic-management technologies designed to improve the reliability, scalability and performance of business-critical applications.
Founded in 1996, Radware serves enterprises, telecommunications providers, cloud service providers and other organizations worldwide through a combination of on-premises, cloud-based and hybrid solutions.
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