Analysts Anticipate Radware Ltd. (NASDAQ:RDWR) to Announce $0.24 Earnings Per Share

Wall Street analysts expect that Radware Ltd. (NASDAQ:RDWR) will report earnings of $0.24 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Radware’s earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.24. Radware also reported earnings of $0.24 per share in the same quarter last year. The company is expected to announce its next quarterly earnings report on Wednesday, February 5th.

On average, analysts expect that Radware will report full year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.85 to $0.86. For the next fiscal year, analysts expect that the business will report earnings of $0.96 per share, with EPS estimates ranging from $0.90 to $1.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Radware.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, November 6th. The information technology services provider reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.13. Radware had a return on equity of 7.41% and a net margin of 9.33%. The business had revenue of $62.86 million during the quarter, compared to analysts’ expectations of $62.84 million. During the same quarter last year, the business posted $0.15 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year.

A number of analysts have issued reports on RDWR shares. BidaskClub downgraded Radware from a “sell” rating to a “strong sell” rating in a report on Saturday, September 7th. Zacks Investment Research upgraded Radware from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Saturday, November 9th.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Man Group plc grew its position in shares of Radware by 1.2% during the third quarter. Man Group plc now owns 96,143 shares of the information technology services provider’s stock worth $2,332,000 after acquiring an additional 1,110 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of Radware by 167.8% in the third quarter. Squarepoint Ops LLC now owns 22,708 shares of the information technology services provider’s stock valued at $551,000 after buying an additional 14,230 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Radware in the third quarter valued at about $119,000. Penserra Capital Management LLC raised its holdings in shares of Radware by 25.0% in the third quarter. Penserra Capital Management LLC now owns 21,899 shares of the information technology services provider’s stock valued at $531,000 after buying an additional 4,380 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of Radware by 5.5% during the third quarter. California State Teachers Retirement System now owns 43,150 shares of the information technology services provider’s stock worth $1,047,000 after buying an additional 2,246 shares during the period. 74.09% of the stock is owned by hedge funds and other institutional investors.

Shares of RDWR stock traded up $0.08 on Thursday, reaching $24.20. 137,800 shares of the stock were exchanged, compared to its average volume of 171,806. Radware has a twelve month low of $21.43 and a twelve month high of $26.98. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 83.45, a PEG ratio of 2.26 and a beta of 0.89. The business’s 50 day moving average price is $23.25 and its 200 day moving average price is $24.27.

About Radware

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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