Radware Sees Unusually High Options Volume (NASDAQ:RDWR)

Radware Ltd. (NASDAQ:RDWR) saw unusually large options trading on Thursday. Stock traders acquired 1,212 put options on the company. This represents an increase of approximately 2,231% compared to the average daily volume of 52 put options.

RDWR has been the subject of a number of recent research reports. TheStreet upgraded Radware from a “c+” rating to a “b-” rating in a research report on Thursday, December 5th. Needham & Company LLC downgraded Radware from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded Radware from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. ValuEngine downgraded Radware from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th. Finally, Zacks Investment Research upgraded Radware from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Saturday, November 9th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Radware currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Shares of RDWR stock traded up $0.71 on Friday, reaching $22.97. 293,530 shares of the stock were exchanged, compared to its average volume of 160,888. The stock has a market cap of $1.04 billion, a PE ratio of 47.86, a P/E/G ratio of 2.16 and a beta of 0.87. Radware has a one year low of $22.00 and a one year high of $26.98. The stock has a 50 day moving average price of $25.78 and a 200 day moving average price of $24.63.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, February 12th. The information technology services provider reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Radware had a return on equity of 7.41% and a net margin of 9.33%. The firm had revenue of $67.36 million for the quarter, compared to the consensus estimate of $67.40 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Radware will post 0.59 earnings per share for the current year.

Institutional investors have recently made changes to their positions in the stock. Optimum Investment Advisors acquired a new stake in shares of Radware during the third quarter worth $32,000. Point72 Asset Management L.P. acquired a new position in Radware in the third quarter valued at about $119,000. Stifel Financial Corp acquired a new position in Radware in the fourth quarter valued at about $203,000. Schonfeld Strategic Advisors LLC acquired a new position in Radware in the fourth quarter valued at about $242,000. Finally, Banque Cantonale Vaudoise acquired a new position in Radware in the fourth quarter valued at about $377,000. 71.25% of the stock is owned by institutional investors and hedge funds.

About Radware

Radware Ltd. 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 prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.

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