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.
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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