Radware Ltd. (NASDAQ:RDWR) – Equities researchers at DA Davidson decreased their FY2016 EPS estimates for Radware in a report released on Monday. DA Davidson analyst M. Kelleher now anticipates that the firm will post earnings of $0.00 per share for the year, down from their prior estimate of $0.11. DA Davidson currently has a “Buy” rating and a $15.00 target price on the stock. DA Davidson also issued estimates for Radware’s Q1 2017 earnings at ($0.02) EPS, Q3 2017 earnings at ($0.01) EPS, Q4 2017 earnings at $0.03 EPS, FY2017 earnings at $0.02 EPS and FY2018 earnings at $0.19 EPS.
Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $49.60 million for the quarter, compared to analysts’ expectations of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. The business’s quarterly revenue was down 11.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS.
Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Radware from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Radware in a research note on Monday. Imperial Capital reiterated an “outperform” rating and issued a $15.00 price objective on shares of Radware in a research note on Monday, July 25th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of Radware in a research note on Wednesday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.43.
Radware (NASDAQ:RDWR) traded up 0.16% during mid-day trading on Thursday, reaching $12.50. The company had a trading volume of 109,340 shares. Radware has a 52-week low of $9.98 and a 52-week high of $16.66. The stock has a market capitalization of $549.30 million, a price-to-earnings ratio of 657.89 and a beta of 1.23. The company’s 50 day moving average is $13.49 and its 200 day moving average is $12.18.
A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its stake in Radware by 1.1% in the first quarter. Goldman Sachs Group Inc. now owns 1,723,472 shares of the company’s stock worth $20,389,000 after buying an additional 18,406 shares during the last quarter. Sirios Capital Management L P increased its stake in Radware by 1.5% in the second quarter. Sirios Capital Management L P now owns 1,564,059 shares of the company’s stock worth $17,611,000 after buying an additional 22,653 shares during the last quarter. Suffolk Capital Management LLC increased its stake in Radware by 17.8% in the second quarter. Suffolk Capital Management LLC now owns 260,692 shares of the company’s stock worth $2,935,000 after buying an additional 39,304 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Radware by 51.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 208,589 shares of the company’s stock worth $2,349,000 after buying an additional 71,217 shares during the last quarter. Finally, Harber Asset Management LLC bought a new stake in Radware during the second quarter worth $2,291,000. 63.27% of the stock is currently owned by institutional investors.