Radware Ltd. (NASDAQ:RDWR) Short Interest Update

Radware Ltd. (NASDAQ:RDWRGet Rating) was the recipient of a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 471,200 shares, a decrease of 15.7% from the May 15th total of 558,700 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily volume of 293,300 shares, the short-interest ratio is presently 1.6 days.

RDWR opened at $21.06 on Friday. The stock has a fifty day moving average of $26.37 and a 200-day moving average of $31.15. The firm has a market capitalization of $952.97 million, a P/E ratio of 131.63, a PEG ratio of 43.51 and a beta of 1.06. Radware has a 12-month low of $20.82 and a 12-month high of $42.19.

Radware (NASDAQ:RDWRGet Rating) last released its earnings results on Tuesday, May 3rd. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $73.70 million during the quarter, compared to analyst estimates of $73.59 million. Radware had a return on equity of 5.79% and a net margin of 2.62%. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.09 earnings per share. On average, equities analysts expect that Radware will post 0.5 earnings per share for the current year.

Separately, StockNews.com assumed coverage on Radware in a research report on Thursday, March 31st. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Radware has an average rating of “Buy” and a consensus price target of $39.33.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Radware by 19.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 502,120 shares of the information technology services provider’s stock worth $16,052,000 after acquiring an additional 82,394 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Radware during the first quarter worth $643,000. Goldman Sachs Group Inc. increased its position in Radware by 121.8% during the first quarter. Goldman Sachs Group Inc. now owns 167,892 shares of the information technology services provider’s stock worth $5,368,000 after buying an additional 92,188 shares during the last quarter. State Street Corp increased its position in Radware by 4.3% during the first quarter. State Street Corp now owns 540,946 shares of the information technology services provider’s stock worth $17,294,000 after buying an additional 22,347 shares during the last quarter. Finally, Engineers Gate Manager LP boosted its holdings in Radware by 301.1% during the first quarter. Engineers Gate Manager LP now owns 40,467 shares of the information technology services provider’s stock valued at $1,294,000 after acquiring an additional 30,378 shares during the period. 76.78% of the stock is currently owned by institutional investors and hedge funds.

About Radware (Get Rating)

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

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