Key Points
- COO Gabriel Malka sold 16,461 Radware shares at an average price of $34.23, for about $563,460. He retained 42,461 shares after reducing his position by 27.94%.
- Radware reported quarterly earnings of $0.32 per share, beating the $0.29 consensus estimate, while revenue of $84.36 million also topped forecasts and rose 12% year over year.
- Analysts maintain a consensus Hold rating and a $40 price target; the stock was recently trading at $33.60.
Radware Ltd. (NASDAQ:RDWR - Get Free Report) COO Gabriel Malka sold 16,461 shares of Radware stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $34.23, for a total transaction of $563,460.03. Following the completion of the transaction, the chief operating officer directly owned 42,461 shares in the company, valued at approximately $1,453,440.03. The trade was a 27.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Gabriel Malka also recently made the following trade(s):
- On Thursday, August 27th, Gabriel Malka sold 6,500 shares of Radware stock. The stock was sold at an average price of $30.00, for a total transaction of $195,000.00.
Radware Stock Up 2.9%
NASDAQ:RDWR opened at $33.60 on Wednesday. Radware Ltd. has a 52 week low of $21.68 and a 52 week high of $38.50. The firm has a 50 day moving average of $30.02 and a 200 day moving average of $27.81. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 59.35 and a beta of 0.84.
Radware (NASDAQ:RDWR - Get Free Report) last announced its earnings results on Wednesday, October 28th. The information technology services provider reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $84.36 million during the quarter, compared to the consensus estimate of $83.02 million. Radware had a net margin of 4.26% and a return on equity of 6.64%. Radware's revenue was up 12.0% compared to the same quarter last year. During the same period last year, the firm earned $0.28 earnings per share.
Analyst Upgrades and Downgrades
RDWR has been the subject of several analyst reports. Weiss Ratings upgraded Radware from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, October 13th. Wall Street Zen upgraded Radware from a "hold" rating to a "buy" rating in a research note on Tuesday, October 13th. Finally, Jefferies Financial Group restated a "hold" rating and set a $40.00 target price on shares of Radware in a research note on Wednesday, October 28th. Three equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Radware currently has a consensus rating of "Hold" and a consensus price target of $40.00.
View Our Latest Analysis on RDWR
Hedge Funds Weigh In On Radware
Several hedge funds have recently modified their holdings of the stock. Rice Hall James & Associates LLC raised its position in shares of Radware by 2.4% in the 1st quarter. Rice Hall James & Associates LLC now owns 683,263 shares of the information technology services provider's stock valued at $17,983,000 after purchasing an additional 16,204 shares during the last quarter. Lazard Asset Management LLC boosted its stake 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 purchasing an additional 14,464 shares in the last quarter. Swiss National Bank boosted its stake in Radware by 3.0% in the 1st quarter. Swiss National Bank now owns 69,600 shares of the information technology services provider's stock worth $1,832,000 after purchasing an additional 2,000 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Radware in the 2nd quarter worth approximately $2,057,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Radware by 87.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 54,630 shares of the information technology services provider's stock worth $1,686,000 after purchasing an additional 25,499 shares in the last quarter. Institutional investors and hedge funds own 73.12% of the company's stock.
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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