Brokerages Anticipate Radware Ltd. (RDWR) Will Announce Earnings of $0.17 Per Share

Wall Street analysts expect that Radware Ltd. (NASDAQ:RDWR) will report $0.17 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Radware’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.17. Radware reported earnings of $0.09 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 88.9%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, February 6th.

On average, analysts expect that Radware will report full-year earnings of $0.48 per share for the current year, with EPS estimates ranging from $0.48 to $0.49. For the next fiscal year, analysts anticipate that the company will post earnings of $0.62 per share, with EPS estimates ranging from $0.57 to $0.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Radware.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, November 7th. The information technology services provider reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.04. The company had revenue of $58.80 million during the quarter, compared to the consensus estimate of $58.14 million. Radware had a return on equity of 1.81% and a net margin of 2.58%. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 earnings per share.

A number of brokerages recently commented on RDWR. BidaskClub downgraded Radware from a “sell” rating to a “strong sell” rating in a report on Saturday, September 22nd. Berenberg Bank began coverage on Radware in a report on Thursday, November 29th. They set a “buy” rating and a $30.00 target price for the company. Zacks Investment Research upgraded Radware from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a report on Wednesday, October 10th. Finally, Oppenheimer set a $30.00 price objective on Radware and gave the stock a “buy” rating in a report on Wednesday, November 7th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Radware presently has a consensus rating of “Buy” and an average target price of $29.00.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. 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 worth $591,000 after acquiring an additional 2,715 shares during the last quarter. FMR LLC boosted its position in shares of Radware by 37.8% during the second quarter. FMR LLC now owns 54,673 shares of the information technology services provider’s stock valued at $1,382,000 after buying an additional 14,992 shares during the last quarter. BlueMountain Capital Management LLC boosted its position in shares of Radware by 17.0% during 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 during the last quarter. Bank of America Corp DE boosted its position in shares of Radware by 2.4% during the second quarter. Bank of America Corp DE now owns 240,959 shares of the information technology services provider’s stock valued at $6,092,000 after buying an additional 5,569 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Radware during the second quarter valued at $230,000. Institutional investors and hedge funds own 67.26% of the company’s stock.

Shares of Radware stock traded down $0.09 during midday trading on Friday, reaching $22.91. 106,574 shares of the company’s stock traded hands, compared to its average volume of 216,444. The company has a market cap of $1.03 billion, a PE ratio of -190.92, a P/E/G ratio of 3.57 and a beta of 0.88. Radware has a 12 month low of $18.00 and a 12 month high of $28.50.

About Radware

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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