Equities research analysts expect that Radware Ltd. (NASDAQ:RDWR) will announce $63.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Radware’s earnings, with the highest sales estimate coming in at $63.02 million and the lowest estimate coming in at $63.00 million. Radware reported sales of $58.76 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.2%. The business is expected to report its next quarterly earnings results on Wednesday, November 6th.
On average, analysts expect that Radware will report full year sales of $253.13 million for the current financial year, with estimates ranging from $253.00 million to $253.26 million. For the next financial year, analysts forecast that the company will post sales of $275.42 million, with estimates ranging from $274.53 million to $276.30 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Radware.
Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The firm had revenue of $60.50 million during the quarter, compared to analysts’ expectations of $60.04 million. Radware had a net margin of 7.84% and a return on equity of 6.35%. The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share.
Several research firms have commented on RDWR. TheStreet downgraded Radware from a “b” rating to a “c+” rating in a research note on Thursday, May 2nd. Zacks Investment Research raised Radware from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a research note on Wednesday, August 7th. ValuEngine downgraded Radware from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Radware currently has a consensus rating of “Buy” and a consensus price target of $29.67.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cypress Capital Management LLC WY acquired a new position in Radware during the 1st quarter worth approximately $52,000. Quantamental Technologies LLC increased its position in 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 purchasing an additional 1,793 shares during the period. Hillsdale Investment Management Inc. acquired a new position in Radware during the 2nd quarter worth approximately $101,000. Dupont Capital Management Corp acquired a new position in Radware during the 1st quarter worth approximately $105,000. Finally, Penserra Capital Management LLC acquired a new position in Radware during the 1st quarter worth approximately $107,000. 72.69% of the stock is owned by hedge funds and other institutional investors.
RDWR traded down $0.15 on Thursday, hitting $25.38. 141,202 shares of the company traded hands, compared to its average volume of 195,840. The company has a 50 day moving average of $25.12 and a 200-day moving average of $25.04. The stock has a market capitalization of $1.15 billion, a PE ratio of 87.52, a PEG ratio of 2.88 and a beta of 0.90. Radware has a 12-month low of $21.43 and a 12-month high of $28.50.
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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