Radware (NASDAQ:RDWR) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.94. The company issued revenue guidance of +7% to ~$270 million, compared to the consensus revenue estimate of $275.61 million.Radware also updated its FY 2020
IntraDay guidance to 0.84-0.84 EPS.
A number of research firms have recently issued reports on RDWR. Needham & Company LLC downgraded shares of Radware from a buy rating to a hold rating in a report on Thursday. BidaskClub raised shares of Radware from a sell rating to a hold rating in a research report on Tuesday, December 31st. ValuEngine cut shares of Radware from a buy rating to a hold rating in a report on Saturday, January 18th. Zacks Investment Research raised shares of Radware from a hold rating to a buy rating and set a $26.00 target price for the company in a research report on Saturday, November 9th. Finally, TheStreet upgraded shares of Radware from a c+ rating to a b- rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $26.00.
Shares of NASDAQ RDWR traded up $0.69 during mid-day trading on Friday, hitting $22.95. The company had a trading volume of 23,457 shares, compared to its average volume of 156,267. The firm has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $24.63. The company has a market capitalization of $1.04 billion, a PE ratio of 47.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. Radware has a one year low of $22.00 and a one year high of $26.98.
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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