Radware (NASDAQ:RDWR) Downgraded by StockNews.com

StockNews.com lowered shares of Radware (NASDAQ:RDWR) from a strong-buy rating to a buy rating in a report issued on Monday.

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

Radware Stock Down 0.8 %

Radware stock opened at $18.40 on Monday. The company has a market capitalization of $815.30 million, a PE ratio of -40.00 and a beta of 0.98. The firm has a fifty day simple moving average of $18.81 and a two-hundred day simple moving average of $18.16. Radware has a twelve month low of $13.53 and a twelve month high of $20.94.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $65.10 million during the quarter, compared to the consensus estimate of $63.57 million. Radware had a negative net margin of 7.67% and a negative return on equity of 2.62%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. As a group, equities analysts expect that Radware will post 0.08 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Radware

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. increased its position in shares of Radware by 14.3% during the fourth 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 buying an additional 1,774 shares during the period. California State Teachers Retirement System increased its position in shares of Radware by 9.7% during the first quarter. California State Teachers Retirement System now owns 40,705 shares of the information technology services provider’s stock valued at $762,000 after buying an additional 3,599 shares during the period. BNP Paribas Financial Markets increased 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 valued at $120,000 after buying an additional 4,539 shares during the period. Tidal Investments LLC bought a new stake in Radware during the first quarter worth about $494,000. Finally, Trexquant Investment LP bought a new stake in Radware during the fourth quarter worth about $445,000. 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.