DA Davidson Comments on Radware Ltd.’s Q2 2017 Earnings (RDWR)

Radware Ltd. (NASDAQ:RDWR) – Stock analysts at DA Davidson cut their Q2 2017 EPS estimates for Radware in a report released on Wednesday. DA Davidson analyst M. Kelleher now forecasts that the brokerage will post earnings per share of ($0.01) for the quarter, down from their previous estimate of $0.02. DA Davidson has a “Neutral” rating and a $13.00 price objective on the stock. DA Davidson also issued estimates for Radware’s Q4 2017 earnings at $0.04 EPS, Q2 2018 earnings at $0.02 EPS, Q3 2018 earnings at $0.04 EPS, Q4 2018 earnings at $0.12 EPS and FY2018 earnings at $0.20 EPS.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, February 8th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. Radware had a negative return on equity of 0.84% and a negative net margin of 4.40%. The business earned $51.70 million during the quarter, compared to the consensus estimate of $50.75 million. During the same period in the prior year, the business posted $0.17 earnings per share. Radware’s revenue was down 6.5% compared to the same quarter last year.

“DA Davidson Comments on Radware Ltd.’s Q2 2017 Earnings (RDWR)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this report can be read at http://sleekmoney.com/da-davidson-comments-on-radware-ltd-s-q2-2017-earnings-rdwr/1659959.html.

Earnings History and Estimates for Radware (NASDAQ:RDWR)

A number of other analysts also recently weighed in on RDWR. Needham & Company LLC increased their price objective on Radware from $14.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Jefferies Group LLC restated a “buy” rating and issued a $18.50 price objective on shares of Radware in a report on Thursday, February 9th. Oppenheimer Holdings, Inc. set a $17.00 price objective on Radware and gave the company a “buy” rating in a report on Wednesday, February 8th. Finally, Zacks Investment Research upgraded Radware from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 4th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Radware presently has an average rating of “Buy” and a consensus price target of $16.08.

Shares of Radware (NASDAQ:RDWR) opened at 15.88 on Monday. Radware has a one year low of $10.02 and a one year high of $15.98. The stock’s market capitalization is $687.81 million. The stock’s 50 day moving average price is $14.74 and its 200 day moving average price is $13.62.

“DA Davidson Comments on Radware Ltd.’s Q2 2017 Earnings (RDWR)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another website, it was copied illegally and reposted in violation of U.S. and international copyright & trademark laws. The correct version of this report can be read at http://sleekmoney.com/da-davidson-comments-on-radware-ltd-s-q2-2017-earnings-rdwr/1659959.html.

A number of hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Radware by 164.0% in the fourth quarter. Renaissance Technologies LLC now owns 289,300 shares of the company’s stock worth $4,218,000 after buying an additional 179,700 shares during the last quarter. State Street Corp boosted its position in Radware by 22.9% in the fourth quarter. State Street Corp now owns 227,212 shares of the company’s stock worth $3,314,000 after buying an additional 42,349 shares during the period. Perkins Investment Management LLC boosted its position in Radware by 7.5% in the third quarter. Perkins Investment Management LLC now owns 1,626,397 shares of the company’s stock worth $22,347,000 after buying an additional 114,056 shares during the period. Harber Asset Management LLC boosted its position in Radware by 22.5% in the third quarter. Harber Asset Management LLC now owns 249,268 shares of the company’s stock worth $3,425,000 after buying an additional 45,814 shares during the period. Finally, Morgan Stanley boosted its position in Radware by 33.6% in the third quarter. Morgan Stanley now owns 1,924,348 shares of the company’s stock worth $26,440,000 after buying an additional 483,761 shares during the period. Hedge funds and other institutional investors own 62.31% of the company’s stock.

Radware Company Profile

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

5 Day Chart for NASDAQ:RDWR

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