Radware Ltd. (NASDAQ:RDWR) Short Interest Down 30.5% in March

Radware Ltd. (NASDAQ:RDWRGet Rating) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 573,800 shares, a decline of 30.5% from the March 15th total of 825,100 shares. Based on an average daily trading volume, of 384,600 shares, the days-to-cover ratio is presently 1.5 days. Approximately 1.4% of the shares of the stock are short sold.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Radware from a “sell” rating to a “hold” rating in a research note on Wednesday, April 13th. TheStreet downgraded Radware from a “b” rating to a “c” rating in a research report on Wednesday, February 9th. Finally, StockNews.com started coverage on Radware in a research report on Thursday, March 31st. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $39.00.

Radware stock traded down $0.11 during trading on Monday, hitting $30.68. The company’s stock had a trading volume of 2,154 shares, compared to its average volume of 385,974. The stock has a market capitalization of $1.39 billion, a PE ratio of 192.45, a price-to-earnings-growth ratio of 7.51 and a beta of 1.05. The stock has a fifty day moving average price of $32.19. Radware has a 1-year low of $26.65 and a 1-year high of $42.19.

Radware (NASDAQ:RDWRGet Rating) last released its earnings results on Wednesday, February 9th. The information technology services provider reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.03). The business had revenue of $76.64 million during the quarter, compared to analyst estimates of $75.35 million. Radware had a net margin of 2.73% and a return on equity of 5.77%. During the same quarter in the previous year, the company posted $0.11 earnings per share. Research analysts expect that Radware will post 0.41 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Meitav Dash Investments Ltd. increased its stake in Radware by 243.1% during the third quarter. Meitav Dash Investments Ltd. now owns 197,578 shares of the information technology services provider’s stock worth $6,662,000 after acquiring an additional 139,988 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of Radware in the third quarter worth about $931,000. Banque Cantonale Vaudoise boosted its position in shares of Radware by 12.0% in the third quarter. Banque Cantonale Vaudoise now owns 48,208 shares of the information technology services provider’s stock worth $1,626,000 after buying an additional 5,164 shares during the period. Guggenheim Capital LLC boosted its position in shares of Radware by 0.5% in the third quarter. Guggenheim Capital LLC now owns 68,393 shares of the information technology services provider’s stock worth $2,306,000 after buying an additional 373 shares during the period. Finally, Penserra Capital Management LLC boosted its position in shares of Radware by 1.6% in the third quarter. Penserra Capital Management LLC now owns 216,916 shares of the information technology services provider’s stock worth $7,314,000 after buying an additional 3,361 shares during the period. Institutional investors own 80.22% of the company’s stock.

About Radware (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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