Radware Ltd. (NASDAQ:RDWR - Get Free Report)'s share price shot up 5.9% on Monday . The stock traded as high as $22.12 and last traded at $22.45. 7,957 shares changed hands during trading, a decline of 94% from the average session volume of 123,871 shares. The stock had previously closed at $21.19.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC restated a "hold" rating on shares of Radware in a report on Friday, February 14th.
View Our Latest Stock Report on RDWR
Radware Price Performance
The company has a market cap of $965.47 million, a P/E ratio of 164.23 and a beta of 0.95. The stock's 50-day moving average price is $22.37 and its 200-day moving average price is $22.44.
Radware (NASDAQ:RDWR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The information technology services provider reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.12). Radware had a return on equity of 3.81% and a net margin of 2.20%. As a group, analysts expect that Radware Ltd. will post 0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Covestor Ltd acquired a new position in shares of Radware in the fourth quarter worth approximately $28,000. Plato Investment Management Ltd purchased a new position in shares of Radware during the fourth quarter valued at approximately $30,000. New Age Alpha Advisors LLC bought a new position in shares of Radware during the 4th quarter worth approximately $32,000. Quantbot Technologies LP bought a new position in Radware in the 4th quarter valued at $59,000. Finally, R Squared Ltd purchased a new position in Radware in the fourth quarter valued at about $62,000. 73.12% of the stock is owned by institutional investors.
About Radware
(
Get Free Report)
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.
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