Radware (RDWR) Receiving Somewhat Positive Press Coverage, Study Shows

Media headlines about Radware (NASDAQ:RDWR) have trended somewhat positive on Friday, Accern Sentiment reports. Accern rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Radware earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the information technology services provider an impact score of 46.1011748403048 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

A number of research firms have recently commented on RDWR. BidaskClub upgraded shares of Radware from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. Needham & Company LLC restated a “buy” rating and set a $21.00 price objective (up from $19.00) on shares of Radware in a research note on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $22.00 price objective on shares of Radware in a research note on Thursday, August 3rd. Imperial Capital restated an “outperform” rating and set a $21.00 price objective (up from $20.00) on shares of Radware in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded shares of Radware from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.44.

Radware (RDWR) opened at 17.40 on Friday. The firm has a 50-day moving average of $17.61 and a 200 day moving average of $16.83. The company’s market capitalization is $762.49 million. Radware has a 12-month low of $11.46 and a 12-month high of $18.33.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. The company had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The firm’s revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share. Analysts forecast that Radware will post $0.14 EPS for the current fiscal year.

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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.