Zacks: Brokerages Anticipate Radware Ltd. (RDWR) Will Announce Earnings of $0.11 Per Share

Wall Street analysts forecast that Radware Ltd. (NASDAQ:RDWR) will announce earnings of $0.11 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Radware’s earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.11. Radware reported earnings of $0.04 per share in the same quarter last year, which would suggest a positive year over year growth rate of 175%. The business is expected to issue its next earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Radware will report full-year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.38 to $0.45. For the next financial year, analysts anticipate that the firm will post earnings of $0.55 per share, with EPS estimates ranging from $0.49 to $0.65. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Radware.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, August 1st. The information technology services provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. The company had revenue of $57.30 million during the quarter, compared to analyst estimates of $56.60 million. Radware had a return on equity of 0.20% and a net margin of 0.59%. The firm’s revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share.

Several brokerages have commented on RDWR. BidaskClub lowered Radware from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 22nd. Zacks Investment Research upgraded Radware from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Saturday, August 4th. Barclays restated a “buy” rating and set a $30.00 price target on shares of Radware in a research note on Thursday, August 2nd. Needham & Company LLC upped their price target on Radware from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Finally, ValuEngine upgraded Radware from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 2nd. One research analyst has rated the stock with a sell rating, four have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $29.00.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Radware by 24.0% in the first quarter. BlackRock Inc. now owns 505,806 shares of the information technology services provider’s stock valued at $10,799,000 after buying an additional 97,844 shares in the last quarter. US Bancorp DE grew its stake in shares of Radware by 13.1% in the second quarter. US Bancorp DE now owns 23,407 shares of the information technology services provider’s stock valued at $591,000 after buying an additional 2,715 shares in the last quarter. Swiss National Bank grew its stake in shares of Radware by 5.6% in the first quarter. Swiss National Bank now owns 76,900 shares of the information technology services provider’s stock valued at $1,642,000 after buying an additional 4,100 shares in the last quarter. BlueMountain Capital Management LLC grew its stake in shares of Radware by 17.0% in the second quarter. BlueMountain Capital Management LLC now owns 36,413 shares of the information technology services provider’s stock valued at $921,000 after buying an additional 5,294 shares in the last quarter. Finally, Cavalier Investments LLC acquired a new stake in shares of Radware in the first quarter valued at about $357,000. Institutional investors and hedge funds own 62.31% of the company’s stock.

Shares of NASDAQ:RDWR opened at $25.92 on Monday. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -216.00, a PEG ratio of 9.40 and a beta of 0.99. Radware has a 12 month low of $16.21 and a 12 month high of $28.50.

Radware Company Profile

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as 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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