Radware Ltd. (NASDAQ:RDWR) Expected to Announce Earnings of $0.24 Per Share

Analysts expect Radware Ltd. (NASDAQ:RDWR) to post $0.24 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Radware’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. Radware also reported earnings of $0.24 per share during the same quarter last year. The firm is expected to report its next quarterly earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Radware will report full-year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.78 to $0.85. For the next financial year, analysts expect that the company will report earnings of $0.94 per share, with EPS estimates ranging from $0.90 to $1.00. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Radware.

Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, November 6th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.13. The company had revenue of $62.86 million for the quarter, compared to analyst estimates of $62.84 million. Radware had a return on equity of 6.35% and a net margin of 7.84%. Radware’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.15 EPS.

A number of research firms have weighed in on RDWR. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Saturday. BidaskClub cut Radware from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. One equities research analyst has rated the stock with a sell rating and three have given a buy rating to the company. Radware has an average rating of “Buy” and a consensus price target of $28.00.

RDWR stock traded down $0.16 during mid-day trading on Tuesday, reaching $23.37. The company had a trading volume of 156,500 shares, compared to its average volume of 175,631. Radware has a fifty-two week low of $21.43 and a fifty-two week high of $26.98. The firm has a fifty day simple moving average of $23.44 and a 200 day simple moving average of $24.49. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 80.59, a price-to-earnings-growth ratio of 2.53 and a beta of 0.89.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Radware by 12.5% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 410,747 shares of the information technology services provider’s stock valued at $9,965,000 after buying an additional 45,637 shares during the period. Monarch Partners Asset Management LLC lifted its holdings in shares of Radware by 4.8% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 267,405 shares of the information technology services provider’s stock valued at $6,487,000 after buying an additional 12,195 shares during the period. Taylor Frigon Capital Management LLC lifted its holdings in shares of Radware by 8.0% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 82,587 shares of the information technology services provider’s stock valued at $2,004,000 after buying an additional 6,132 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Radware by 7.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 26,910 shares of the information technology services provider’s stock valued at $656,000 after buying an additional 1,961 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of Radware by 17.6% in the 3rd quarter. California Public Employees Retirement System now owns 154,900 shares of the information technology services provider’s stock valued at $3,758,000 after buying an additional 23,164 shares during the period. 69.19% of the stock is owned by institutional investors and hedge funds.

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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