Analysts expect Radware Ltd. (NASDAQ:RDWR) to announce $0.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Radware’s earnings. The highest EPS estimate is $0.13 and the lowest is $0.11. Radware posted earnings of $0.10 per share in the same quarter last year, which suggests a positive year over year growth rate of 20%. The firm is expected to issue its next earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that Radware will report full-year earnings of $0.60 per share for the current year, with EPS estimates ranging from $0.56 to $0.63. For the next financial year, analysts expect that the company will report earnings of $0.80 per share, with EPS estimates ranging from $0.65 to $0.86. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Radware.
Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.13. The firm had revenue of $61.40 million for the quarter, compared to the consensus estimate of $59.43 million. Radware had a net margin of 7.09% and a return on equity of 5.54%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share.
A number of equities research analysts have recently issued reports on RDWR shares. TheStreet raised shares of Radware from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. Zacks Investment Research cut shares of Radware from a “buy” rating to a “hold” rating in a research report on Wednesday, March 13th. ValuEngine cut shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 1st. Finally, BidaskClub cut shares of Radware from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Radware currently has a consensus rating of “Buy” and a consensus target price of $30.00.
Several institutional investors have recently made changes to their positions in RDWR. Assenagon Asset Management S.A. bought a new stake in Radware during the fourth quarter worth about $1,779,000. Eagle Global Advisors LLC lifted its position in Radware by 47.5% during the fourth quarter. Eagle Global Advisors LLC now owns 43,500 shares of the information technology services provider’s stock worth $988,000 after purchasing an additional 14,000 shares during the period. Harel Insurance Investments & Financial Services Ltd. lifted its position in Radware by 10.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 298,786 shares of the information technology services provider’s stock worth $6,785,000 after purchasing an additional 29,104 shares during the period. QS Investors LLC bought a new stake in Radware during the fourth quarter worth about $1,969,000. Finally, TIAA CREF Investment Management LLC lifted its position in Radware by 14.7% during the third quarter. TIAA CREF Investment Management LLC now owns 107,998 shares of the information technology services provider’s stock worth $2,859,000 after purchasing an additional 13,845 shares during the period. 69.24% of the stock is owned by institutional investors.
Shares of Radware stock traded down $0.15 during trading on Monday, reaching $24.75. The company’s stock had a trading volume of 187,993 shares, compared to its average volume of 218,878. The stock has a market cap of $1.11 billion, a PE ratio of 85.34, a PEG ratio of 4.32 and a beta of 0.84. Radware has a 52 week low of $21.43 and a 52 week high of $28.50.
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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