Radware Ltd. (NASDAQ:RDWR) Short Interest Up 22.0% in July

Radware Ltd. (NASDAQ:RDWR) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 524,300 shares, a growth of 22.0% from the June 30th total of 429,600 shares. Based on an average daily volume of 407,200 shares, the days-to-cover ratio is currently 1.3 days. Currently, 1.7% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research note on Friday, May 17th. StockNews.com lowered Radware from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 25th.

Radware Trading Up 0.1 %

NASDAQ RDWR traded up $0.01 during trading on Tuesday, reaching $18.50. 206,876 shares of the company’s stock were exchanged, compared to its average volume of 319,092. Radware has a fifty-two week low of $13.53 and a fifty-two week high of $20.94. The firm has a market capitalization of $819.74 million, a PE ratio of -40.22 and a beta of 0.99. The company’s fifty day simple moving average is $18.59 and its 200-day simple moving average is $18.36.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, May 8th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $65.10 million during the quarter, compared to analyst estimates of $63.57 million. Radware had a negative return on equity of 2.62% and a negative net margin of 7.67%. The firm’s revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.02) EPS. Equities analysts forecast that Radware will post 0.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Radware

Several institutional investors have recently made changes to their positions in RDWR. First Trust Advisors LP lifted its holdings in Radware by 90.4% in the 4th quarter. First Trust Advisors LP now owns 2,446,925 shares of the information technology services provider’s stock worth $40,815,000 after purchasing an additional 1,161,535 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Radware by 22.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,654,735 shares of the information technology services provider’s stock worth $27,601,000 after purchasing an additional 308,396 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Radware by 67.1% in the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 97,441 shares of the information technology services provider’s stock worth $1,777,000 after purchasing an additional 39,117 shares during the last quarter. Trexquant Investment LP acquired a new stake in Radware in the 4th quarter worth approximately $445,000. Finally, Tidal Investments LLC acquired a new stake in Radware in the 1st quarter worth approximately $494,000. 73.12% of the stock is currently owned by institutional investors and hedge funds.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.