$62.87 Million in Sales Expected for Radware Ltd. (NASDAQ:RDWR) This Quarter

Brokerages forecast that Radware Ltd. (NASDAQ:RDWR) will report $62.87 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Radware’s earnings, with the highest sales estimate coming in at $63.00 million and the lowest estimate coming in at $62.75 million. Radware posted sales of $61.40 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The business is expected to issue its next earnings results on Wednesday, May 6th.

On average, analysts expect that Radware will report full year sales of $270.40 million for the current fiscal year, with estimates ranging from $269.50 million to $271.30 million. For the next year, analysts forecast that the business will report sales of $292.35 million, with estimates ranging from $290.00 million to $294.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Radware.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.01). The firm had revenue of $67.36 million during the quarter, compared to the consensus estimate of $67.40 million. Radware had a net margin of 8.95% and a return on equity of 7.14%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 earnings per share.

A number of equities analysts have commented on RDWR shares. TheStreet upgraded shares of Radware from a “c+” rating to a “b-” rating in a report on Thursday, December 5th. Needham & Company LLC lowered Radware from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. ValuEngine upgraded Radware from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. BidaskClub upgraded Radware from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, March 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $26.00.

A number of large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its stake in shares of Radware by 7.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 26,910 shares of the information technology services provider’s stock worth $656,000 after buying an additional 1,961 shares during the period. State Street Corp raised its stake in Radware by 8.5% in the 3rd quarter. State Street Corp now owns 280,086 shares of the information technology services provider’s stock valued at $6,795,000 after purchasing an additional 21,874 shares during the last quarter. California State Teachers Retirement System raised its stake in Radware by 5.5% in the 3rd quarter. California State Teachers Retirement System now owns 43,150 shares of the information technology services provider’s stock valued at $1,047,000 after purchasing an additional 2,246 shares during the last quarter. Penserra Capital Management LLC raised its stake in Radware by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 21,899 shares of the information technology services provider’s stock valued at $531,000 after purchasing an additional 4,380 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in Radware in the 3rd quarter valued at $119,000. 73.80% of the stock is owned by institutional investors.

Shares of RDWR stock traded up $1.00 on Monday, hitting $21.00. The stock had a trading volume of 508,734 shares, compared to its average volume of 285,822. The company has a market cap of $927.11 million, a PE ratio of 44.68, a P/E/G ratio of 2.08 and a beta of 0.87. The business has a 50 day moving average price of $22.41 and a 200 day moving average price of $23.88. Radware has a one year low of $16.02 and a one year high of $26.98.

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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