Radware Ltd. (NASDAQ:RDWR) Short Interest Update

Radware Ltd. (NASDAQ:RDWR) was the target of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 181,600 shares, a decrease of 25.4% from the August 15th total of 243,500 shares. Based on an average trading volume of 139,500 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on RDWR shares. TheStreet cut Radware from a “c-” rating to a “d+” rating in a research report on Monday, August 21st. Barclays reduced their price objective on shares of Radware from $23.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 3rd. Finally, StockNews.com initiated coverage on shares of Radware in a research note on Thursday, August 17th. They issued a “hold” rating for the company.

Institutional Trading of Radware

Institutional investors and hedge funds have recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. increased its stake in Radware by 73.3% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,412 shares of the information technology services provider’s stock worth $30,000 after acquiring an additional 597 shares during the last quarter. Advisor Group Holdings Inc. increased its position in shares of Radware by 53.1% in the first quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after acquiring an additional 419 shares in the last quarter. FMR LLC raised its stake in shares of Radware by 63.4% in the 1st quarter. FMR LLC now owns 3,168 shares of the information technology services provider’s stock valued at $68,000 after acquiring an additional 1,229 shares during the period. Deutsche Bank AG acquired a new position in shares of Radware during the 1st quarter valued at $127,000. Finally, Handelsbanken Fonder AB purchased a new stake in Radware during the 1st quarter worth $207,000. 74.63% of the stock is currently owned by institutional investors and hedge funds.

Radware Trading Down 0.1 %

RDWR traded down $0.02 during midday trading on Friday, hitting $16.76. The company’s stock had a trading volume of 650,711 shares, compared to its average volume of 106,656. Radware has a 52-week low of $14.96 and a 52-week high of $23.46. The firm has a 50-day moving average price of $17.67 and a two-hundred day moving average price of $19.29. The firm has a market cap of $734.42 million, a P/E ratio of -46.56 and a beta of 0.94.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, August 2nd. The information technology services provider reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.03). The company had revenue of $65.60 million during the quarter, compared to analysts’ expectations of $69.12 million. Radware had a negative net margin of 5.72% and a negative return on equity of 1.77%. Radware’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, equities analysts expect that Radware will post -0.29 EPS for the current year.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, on-premise, and software defined data centers worldwide. It offers DefensePro, a real-time network attack mitigation device that protects the data center and application infrastructure; Radware Kubernetes, a Web Application Firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.