FY2021 EPS Estimates for Radware Ltd. Lifted by Colliers Securities (NASDAQ:RDWR) – MarketBeat

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Radware Ltd. (NASDAQ:RDWR) – Investment analysts at Colliers Securities increased their FY2021 earnings per share estimates for Radware in a research report issued to clients and investors on Thursday, November 4th. Colliers Securities analyst C. Trebnick now forecasts that the information technology services provider will earn $0.49 per share for the year, up from their prior forecast of $0.42. Colliers Securities has a “Buy” rating and a $40.00 price objective on the stock. Colliers Securities also issued estimates for Radware’s Q4 2021 earnings at $0.13 EPS and FY2022 earnings at $0.56 EPS.
Other research analysts also recently issued reports about the company. Oppenheimer upped their price target on Radware from $32.00 to $37.00 and gave the company an “outperform” rating in a report on Thursday, July 29th. Needham & Company LLC increased their target price on Radware from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, July 29th. Finally, Zacks Investment Research cut Radware from a “buy” rating to a “hold” rating in a research report on Wednesday, September 29th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $37.40.
NASDAQ RDWR opened at $34.19 on Friday. Radware has a 12 month low of $23.46 and a 12 month high of $39.78. The stock has a market cap of $1.59 billion, a P/E ratio of 106.85, a P/E/G ratio of 4.46 and a beta of 0.87. The stock’s fifty day moving average price is $34.58 and its 200-day moving average price is $31.57. Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, November 3rd. The information technology services provider reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.04. Radware had a return on equity of 5.27% and a net margin of 5.53%. The firm had revenue of $73.42 million for the quarter, compared to analysts’ expectations of $70.85 million. During the same period in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 17.4% on a year-over-year basis. (adsbygoogle = window.adsbygoogle || []).push({});
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meitav Dash Investments Ltd. grew its holdings in Radware by 243.1% during the 3rd quarter. Meitav Dash Investments Ltd. now owns 197,578 shares of the information technology services provider’s stock valued at $6,662,000 after buying an additional 139,988 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Radware by 6.7% during the 3rd quarter. New York State Common Retirement Fund now owns 48,573 shares of the information technology services provider’s stock valued at $1,638,000 after buying an additional 3,038 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of Radware in the 3rd quarter valued at approximately $17,744,000. Mount Yale Investment Advisors LLC bought a new stake in shares of Radware in the 3rd quarter valued at approximately $228,000. Finally, Asset Management One Co. Ltd. lifted its stake in shares of Radware by 33.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 82,419 shares of the information technology services provider’s stock worth $2,779,000 after acquiring an additional 20,729 shares during the last quarter. Institutional investors and hedge funds own 80.07% of the company’s stock.
Radware Company Profile
Radware Ltd. engages in the provision of application delivery and cyber security solutions for virtual, cloud, and software defined data centers. Its products include application and network security, and application delivery. The application and network security offers real-time network and application attack mitigation solution that protects the application infrastructure against network and application downtime, application vulnerability exploitation, malware spread, information theft, web service attacks, and web defacement.
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Earnings History and Estimates for Radware (NASDAQ:RDWR)
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