Analysts Expect Radware Ltd. (NASDAQ:RDWR) to Announce $0.15 EPS

Analysts forecast that Radware Ltd. (NASDAQ:RDWR) will announce earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Radware’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.15. Radware posted earnings per share of $0.18 in the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, May 6th.

According to Zacks, analysts expect that Radware will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.84 to $0.90. For the next financial year, analysts expect that the company will report earnings of $0.97 per share, with EPS estimates ranging from $0.89 to $1.05. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Radware.

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

Several equities analysts have recently issued reports on RDWR shares. Zacks Investment Research cut Radware from a “hold” rating to a “sell” rating in a research note on Wednesday, March 18th. 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 note on Wednesday. TheStreet upgraded Radware from a “c+” rating to a “b-” rating in a research note on Thursday, December 5th. Finally, Needham & Company LLC cut Radware from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new stake in shares of Radware during the 3rd quarter worth about $119,000. Stifel Financial Corp acquired a new stake in shares of Radware during the 4th quarter worth about $203,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Radware during the 4th quarter worth about $242,000. Banque Cantonale Vaudoise acquired a new stake in shares of Radware during the 4th quarter worth about $377,000. Finally, Penserra Capital Management LLC raised its position in shares of Radware by 25.0% during the 3rd quarter. Penserra Capital Management LLC now owns 21,899 shares of the information technology services provider’s stock worth $531,000 after acquiring an additional 4,380 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Shares of RDWR traded up $1.00 during midday trading on Friday, hitting $21.00. The company had a trading volume of 508,734 shares, compared to its average volume of 285,822. The company’s 50-day simple moving average is $22.41 and its 200-day simple moving average is $23.88. The firm has a market capitalization of $927.11 million, a P/E ratio of 44.68, a P/E/G ratio of 2.08 and a beta of 0.87. Radware has a 1 year low of $16.02 and a 1 year high of $26.98.

About Radware

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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