Radware Ltd. (NASDAQ:RDWR) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $0.06-0.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.06. The company issued revenue guidance of $55-57 million, compared to the consensus revenue estimate of $55.21 million.
Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. Radware had a negative return on equity of 2.27% and a negative net margin of 5.74%. The company had revenue of $50.96 million during the quarter, compared to analysts’ expectations of $50.19 million. During the same quarter in the previous year, the firm earned $0.06 EPS. Radware’s revenue was up 2.8% on a year-over-year basis.
RDWR has been the subject of a number of research analyst reports. Imperial Capital reissued an outperform rating and set a $21.00 price target (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. BidaskClub raised Radware from a sell rating to a hold rating in a report on Thursday, August 10th. Zacks Investment Research raised Radware from a strong sell rating to a hold rating in a report on Wednesday, October 18th. Needham & Company LLC reaffirmed a buy rating and issued a $21.00 target price (up previously from $19.00) on shares of Radware in a report on Thursday, August 3rd. Finally, Barclays PLC upped their target price on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of Buy and an average price target of $20.14.
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An institutional investor recently raised its position in Radware stock. Vanguard Group Inc. boosted its position in Radware Ltd. (NASDAQ:RDWR) by 24.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,950 shares of the information technology services provider’s stock after purchasing an additional 3,101 shares during the period. Vanguard Group Inc.’s holdings in Radware were worth $279,000 at the end of the most recent quarter. 60.71% of the stock is currently owned by institutional investors.
Radware Company Profile
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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