Short Interest in Radware Ltd. (NASDAQ:RDWR) Declines By 30.5%

Radware Ltd. (NASDAQ:RDWR – Get Rating) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 573,800 shares, a decrease of 30.5% from the March 15th total of 825,100 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 384,600 shares, the days-to-cover ratio is currently 1.5 days.

Shares of RDWR stock traded down $0.69 during trading on Friday, reaching $30.79. The company had a trading volume of 442,850 shares, compared to its average volume of 411,698. The firm’s 50 day simple moving average is $32.19 and its two-hundred day simple moving average is $33.42. Radware has a one year low of $26.65 and a one year high of $42.19. The company has a market capitalization of $1.39 billion, a PE ratio of 192.45, a PEG ratio of 7.51 and a beta of 1.05.

Radware (NASDAQ:RDWR – Get Rating) last announced its quarterly earnings data on Wednesday, February 9th. The information technology services provider reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). Radware had a return on equity of 5.77% and a net margin of 2.73%. The firm had revenue of $76.64 million for the quarter, compared to analyst estimates of $75.35 million. During the same period in the previous year, the business posted $0.11 EPS. As a group, sell-side analysts anticipate that Radware will post 0.41 earnings per share for the current year.

Several large investors have recently made changes to their positions in RDWR. Wells Fargo & Company MN acquired a new stake in shares of Radware during the 2nd quarter worth approximately $71,000. Banque Cantonale Vaudoise boosted its stake in Radware by 12.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 48,208 shares of the information technology services provider’s stock valued at $1,626,000 after buying an additional 5,164 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in Radware by 33.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 82,419 shares of the information technology services provider’s stock valued at $2,779,000 after buying an additional 20,729 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in Radware in the 3rd quarter valued at $228,000. Finally, Victory Capital Management Inc. acquired a new stake in Radware in the 3rd quarter valued at $17,744,000. 80.22% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on RDWR shares. Zacks Investment Research upgraded shares of Radware from a “sell” rating to a “hold” rating in a research note on Wednesday. StockNews.com assumed coverage on shares of Radware in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, TheStreet cut shares of Radware from a “b” rating to a “c” rating in a report on Wednesday, February 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $39.00.

Radware Company Profile (Get Rating)

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

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