Analysts predict that Radware Ltd. (NASDAQ:RDWR) will report earnings of $0.24 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Radware’s earnings, with estimates ranging from $0.24 to $0.25. Radware also posted earnings per share of $0.24 during the same quarter last year. The company is expected to issue its next quarterly earnings report 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 forecast that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.90 to $1.00. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Radware.
Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, November 6th. The information technology services provider reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 net margin of 7.84% and a return on equity of 6.35%. Radware’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS.
A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Saturday. BidaskClub lowered shares of Radware from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 7th. One analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. Radware presently has an average rating of “Buy” and an average price target of $28.00.
Large investors have recently made changes to their positions in the business. Optimum Investment Advisors acquired a new position in shares of Radware during the 3rd quarter worth approximately $32,000. Quantamental Technologies LLC lifted its holdings in shares of Radware by 324.2% during the 2nd quarter. Quantamental Technologies LLC now owns 2,346 shares of the information technology services provider’s stock worth $58,000 after acquiring an additional 1,793 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of Radware during the 2nd quarter worth approximately $101,000. Wells Fargo & Company MN lifted its holdings in shares of Radware by 127.7% during the 2nd quarter. Wells Fargo & Company MN now owns 4,948 shares of the information technology services provider’s stock worth $122,000 after acquiring an additional 2,775 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in shares of Radware by 50.0% during the 2nd quarter. Dupont Capital Management Corp now owns 6,000 shares of the information technology services provider’s stock worth $148,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 69.19% of the company’s stock.
Shares of Radware stock traded down $0.16 during trading on Tuesday, hitting $23.37. 156,500 shares of the stock were exchanged, compared to its average volume of 175,631. The company has a fifty day moving average price of $23.44 and a 200-day moving average price of $24.49. Radware has a 1-year low of $21.43 and a 1-year high of $26.98. The stock 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.
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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