Radware Ltd. (NASDAQ:RDWR) Downgraded by Zacks Investment Research to “Sell”

Radware Ltd. (NASDAQ:RDWR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, November 8th.

According to Zacks, “Radware Ltd. develops, manufactures and markets products that manage and direct Internet traffic among network resources to enable continuous access to Web sites and other services, applications and content based on Internet protocol. Radware offers a broad range of Internet traffic management solutions to service providers, e-commerce businesses and corporate enterprises that require uninterrupted availability and optimal performance of IP-based applications that are critical to their business. (PRESS RELEASE) “

Other equities analysts have also issued research reports about the stock. Jefferies Group LLC reissued a “buy” rating on shares of Radware in a report on Friday, October 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $21.00 target price on shares of Radware in a research note on Tuesday, September 12th. Dougherty & Co upped their target price on shares of Radware from $18.50 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 2nd. BidaskClub cut shares of Radware from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Imperial Capital reissued an “outperform” rating and set a $21.00 price target (up from $20.00) on shares of Radware in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $20.83.

Radware (RDWR) traded down $0.05 on Wednesday, reaching $19.93. 102,463 shares of the company’s stock were exchanged, compared to its average volume of 228,786. Radware has a 12-month low of $13.09 and a 12-month high of $20.26.

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Several large investors have recently made changes to their positions in RDWR. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of Radware by 8.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after purchasing an additional 535 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new stake in shares of Radware during the 2nd quarter worth approximately $198,000. Magnetar Financial LLC acquired a new stake in shares of Radware during the 3rd quarter worth approximately $206,000. Aperio Group LLC acquired a new stake in shares of Radware during the 2nd quarter worth approximately $210,000. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Radware during the 3rd quarter worth approximately $242,000. Hedge funds and other institutional investors own 59.82% 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.

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