( saw a significant drop in short-term interest during the month of March. On April 30, there were 259,700 shorted shares. This is a decrease of 26,4% compared to the total of 352,900 on April 15. At the moment, 0.7% are shorted. The days-tocover ratio, based on a daily average volume of 131 200 shares, is currently 2.0 days.
Institutional investors weigh in on Radware
Recent hedge funds transactions have seen the company's shares bought and sold. Credit Suisse AG increased its holding in Radware during the third-quarter by 0.3%. Credit Suisse AG owns now 637,363 of the stock of the provider of information technology services worth $13,889,000. This is after adding 2,183 additional shares during the third quarter. Senvest Management LLC increased its stake in Radware during the third-quarter by 4.5%. Senvest Management LLC owns now 3,892,976 of the stock of the information technology service provider, worth $84,828,000. This is after purchasing an additional 169 2,278 shares during the third quarter. ExodusPoint Capital Management LP increased its stake in Radware during the third quarter by 29.0%. ExodusPoint Capital Management LP owns now 50,721 of the stock of the provider of information technology services, worth $1,105,000, after acquiring 11,402 additional shares during the third quarter. Barclays PLC increased its stake in Radware during the third quarter by 8.5%. Barclays PLC owns 25,135 of the stock of the IT services provider, worth $547,000. It acquired an additional 1,959 in the third quarter. Healthcare of Ontario Pension Plan Trust Fund also bought Radware shares in the third quarter, worth approximately $981,000. In a report published on Monday, 8th May, Radware shares were downgraded from a "buy" rating to a "hold". Barclays reduced their target price for shares of Radware on Friday, 5th May from $25.00 down to $23.00.
Radware Stocks Up by 0.7 %
Trading hours were Friday and the stock reached $19.77. The company's average trading volume is 138,515. Radware's 12 month low is $17.42, and its 12 month high is $25.77.
The last time ) released its quarterly earnings was on February 8th. Information technology services provider, reported ($0.04) earnings per share for the quarter. This was below the consensus estimate ($0.01) by ($0.05). Radware reported a negative return of equity of 0.40%, and a net margin of negative 2.43%. The company had a revenue of $74.08 millions for the quarter compared to a consensus estimate of 73.15 million. Analysts expect Radware to post an average of 0.06 EPS this year.
Radware Company Profile
Radware Ltd. provides cyber security and application delivery solutions for virtual data centers, cloud computing, and software-defined data centres. Its products include network and application security and application delivery. Application and Network Security offers a real-time solution for network and app attack mitigation that protects against application vulnerabilities, malware spreading, data theft, web services attacks, web defacement, and network downtime.
MarketBeat.com offers a FREE daily email newsletter