Radware (NASDAQ:RDWR) Issues Quarterly Earnings Results

Radware (NASDAQ:RDWR) issued its earnings results on Wednesday. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02), Morningstar.com reports. The company had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $60.04 million. Radware had a net margin of 7.09% and a return on equity of 5.54%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share.

Shares of NASDAQ RDWR traded up $0.07 during mid-day trading on Thursday, reaching $26.45. 255,300 shares of the company’s stock were exchanged, compared to its average volume of 194,706. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 91.21, a price-to-earnings-growth ratio of 3.42 and a beta of 0.90. Radware has a 52-week low of $21.43 and a 52-week high of $28.50. The stock’s 50-day moving average is $24.77.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cypress Capital Management LLC WY purchased a new position in shares of Radware during the 1st quarter worth $52,000. Dupont Capital Management Corp boosted its stake in shares of Radware by 50.0% in the second quarter. Dupont Capital Management Corp now owns 6,000 shares of the information technology services provider’s stock valued at $148,000 after buying an additional 2,000 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Radware by 1.6% in the first quarter. California Public Employees Retirement System now owns 174,028 shares of the information technology services provider’s stock valued at $4,547,000 after buying an additional 2,743 shares in the last quarter. Campbell & CO Investment Adviser LLC boosted its stake in shares of Radware by 30.3% in the first quarter. Campbell & CO Investment Adviser LLC now owns 15,572 shares of the information technology services provider’s stock valued at $407,000 after buying an additional 3,622 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of Radware in the first quarter valued at approximately $107,000. Institutional investors and hedge funds own 74.79% of the company’s stock.

Several analysts have issued reports on RDWR shares. TheStreet cut Radware from a “b” rating to a “c+” rating in a report on Thursday, May 2nd. BidaskClub upgraded Radware from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research cut Radware from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Finally, ValuEngine cut Radware from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $29.50.

Radware Company Profile

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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Earnings History for Radware (NASDAQ:RDWR)

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