BidaskClub Downgrades Radware (RDWR) to Sell

Radware (NASDAQ:RDWR) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Dougherty & Co boosted their price target on Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research note on Thursday, November 2nd. Barclays boosted their price objective on Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating on shares of Radware in a research note on Friday, October 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $21.00 price objective on shares of Radware in a research note on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. Radware presently has an average rating of “Buy” and an average target price of $20.83.

Shares of Radware (RDWR) opened at $19.90 on Wednesday. Radware has a 52 week low of $13.70 and a 52 week high of $20.78.

Several large investors have recently made changes to their positions in RDWR. Migdal Insurance & Financial Holdings Ltd. grew its stake 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 valued at $122,000 after acquiring an additional 535 shares during the period. Balter Liquid Alternatives LLC bought a new position in shares of Radware during the 2nd quarter valued at approximately $198,000. Magnetar Financial LLC bought a new position in shares of Radware during the 3rd quarter valued at approximately $206,000. Aperio Group LLC bought a new position in shares of Radware during the 2nd quarter valued at approximately $210,000. Finally, GSA Capital Partners LLP bought a new position in shares of Radware during the 3rd quarter valued at approximately $234,000. Institutional investors own 61.69% of the company’s stock.

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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.

Analyst Recommendations for Radware (NASDAQ:RDWR)

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