In last trading session, Radware Ltd. (NASDAQ:RDWR) saw 0.3 million shares changing hands with its beta currently measuring 1.03. Company’s recent per share price level of $35.19 trading at $1.19 or 3.50% at ring of the bell on the day assigns it a market valuation of $1.65B. That closing price of RDWR’s stock is at a discount of -19.89% from its 52-week high price of $42.19 and is indicating a premium of 29.16% from its 52-week low price of $24.93. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.33 million shares which gives us an average trading volume of 374.85K if we extend that period to 3-months.
For Radware Ltd. (RDWR), analysts’ consensus is at an average recommendation of an Overweight. Splitting up the data highlights that, out of 6 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.21 in the current quarter.
Radware Ltd. (NASDAQ:RDWR) trade information
Upright in the green during last session for gaining 3.50%, in the last five days RDWR remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $35.19 price level, adding 4.81% to its value on the day. Radware Ltd.’s shares saw a change of -15.49% in year-to-date performance and have moved -2.33% in past 5-day. Radware Ltd. (NASDAQ:RDWR) showed a performance of -0.42% in past 30-days. Number of shares sold short was 0.99 million shares which calculate 2.49 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $40.90 to the stock, which implies a rise of 13.96% to its current value. Analysts have been projecting $37.00 as a low price target for the stock while placing it at a high target of $42.50. It follows that stock’s current price would drop -20.77% in reaching the projected high whereas dropping to the targeted low would mean a loss of -5.14% for stock’s current value.
Radware Ltd. (RDWR) estimates and forecasts
Statistics highlight that Radware Ltd. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 17.46% of value to its shares in past 6 months, showing an annual growth rate of 26.56% while that of industry is 17.80. Apart from that, the company came raising its revenue forecast for fiscal year 2022.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $75.25 million for the same. And 3 analysts are in estimates of company making revenue of $72.78 million in the next quarter that will end on Mar 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -12.70% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -56.60% while estimates for its earnings growth in next 5 years are of 21.05%.
Radware Ltd. is more likely to be releasing its next quarterly report between February 08 and February 14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Radware Ltd. (NASDAQ:RDWR)’s Major holders
Insiders are in possession of 16.55% of company’s total shares while institution are holding 78.03 percent of that, with stock having share float percentage of 93.51%. Investors also watch the number of corporate investors in a company very closely, which is 78.03% institutions for Radware Ltd. that are currently holding shares of the company. Artisan Partners Limited Partnership is the top institutional holder at RDWR for having 4.12 million shares of worth $138.8 million. And as of Sep 29, 2021, it was holding 8.95% of the company’s outstanding shares.
The second largest institutional holder is Senvest Management LLC, which was holding about 3.57 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.76% of outstanding shares, having a total worth of $120.29 million.
On the other hand, Artisan International Small-Mid Fund and Federated Hermes Kaufmann Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 2.74 million shares of worth $92.25 million or 5.95% of the total outstanding shares. The later fund manager was in possession of 1.19 million shares on Jul 30, 2021, making its stake of worth around $38.19 million in the company or a holder of 2.58% of company’s stock.