Radware Downgraded by Wall Street Zen Analysts
Radware (NASDAQ:RDWR) shares fell on Friday after analysts at Wall Street Zen downgraded the company from a 'buy' to a 'hold' rating. The IT services provider reported quarterly earnings of $0.30 per share, with revenue reaching $82.28 million.
The company's market capitalization stands at $1.23 billion, with a P/E ratio of 76.66 and beta of 0.85. Radware has a one-year low of $21.68 and a one-year high of $32.79. The business's 50-day simple moving average is $28.60 and its 200-day simple moving average is $27.81.
In other news, CFO Guy Avidan acquired 2,000 shares of Radware stock on July 31st at an average cost of $25.21 per share, a total transaction of $50,420. COO Gabriel Malka sold 6,500 shares of the firm's stock on August 27th at an average price of $30.00, for a total transaction of $195,000.
Institutional investors and hedge funds own 73.12% of Radware's stock. Key institutional holders include Rice Hall James & Associates LLC, Lazard Asset Management LLC, Public Employees Retirement System of Ohio, Swiss National Bank, and Hennion & Walsh Asset Management Inc.