Radware Ltd. (NASDAQ:RDWR – Get Free Report) 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
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 – Get Free Report) 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.
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.
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