Radware Ltd. (NASDAQ:RDWR) Expected to Post Earnings of $0.18 Per Share

Analysts forecast that Radware Ltd. (NASDAQ:RDWR) will report earnings of $0.18 per share for the current quarter, Zacks reports. Two analysts have made estimates for Radware’s earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. Radware reported earnings per share of $0.15 in the same quarter last year, which indicates a positive year-over-year growth rate of 20%. The firm is scheduled to announce its next earnings report on Wednesday, November 6th.

On average, analysts expect that Radware will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.72 to $0.80. For the next financial year, analysts forecast that the firm will post earnings of $0.92 per share, with EPS estimates ranging from $0.84 to $1.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Radware.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Radware had a return on equity of 6.35% and a net margin of 7.84%. The company had revenue of $60.50 million for the quarter, compared to analyst estimates of $60.04 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year.

Several research analysts have issued reports on the company. BidaskClub upgraded Radware from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. ValuEngine lowered Radware from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut Radware from a “buy” rating to a “hold” rating in a report on Saturday, July 27th. Finally, TheStreet cut Radware from a “b” rating to a “c+” rating in a report on Thursday, May 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $29.33.

Radware stock traded up $0.56 during mid-day trading on Tuesday, hitting $26.10. 19,957 shares of the company were exchanged, compared to its average volume of 140,633. The business has a fifty day moving average of $24.88. Radware has a 1-year low of $21.43 and a 1-year high of $28.50. The company has a market capitalization of $1.16 billion, a P/E ratio of 89.72, a PEG ratio of 3.52 and a beta of 0.90.

Several hedge funds have recently made changes to their positions in RDWR. Cypress Capital Management LLC WY bought a new stake in shares of Radware during the first quarter worth $52,000. Hillsdale Investment Management Inc. bought a new position in Radware in the second quarter valued at about $101,000. Dupont Capital Management Corp bought a new position in Radware in the first quarter valued at about $105,000. Penserra Capital Management LLC bought a new position in Radware in the first quarter valued at about $107,000. Finally, Qtron Investments LLC bought a new position in Radware in the first quarter valued at about $275,000. Institutional investors own 72.44% of the company’s stock.

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 and Estimates for Radware (NASDAQ:RDWR)

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