Analysts Expect Radware Ltd. (RDWR) Will Post Earnings of $0.05 Per Share

Wall Street brokerages forecast that Radware Ltd. (NASDAQ:RDWR) will announce earnings of $0.05 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Radware’s earnings. Radware reported earnings per share of $0.02 in the same quarter last year, which would suggest a positive year over year growth rate of 150%. The business is expected to issue its next earnings report on Tuesday, April 24th.

On average, analysts expect that Radware will report full-year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.26 to $0.45. For the next year, analysts expect that the company will post earnings of $0.50 per share, with EPS estimates ranging from $0.40 to $0.70. Zacks’ EPS averages are a mean average based on a survey of analysts that cover Radware.

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Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The company had revenue of $58.50 million during the quarter, compared to the consensus estimate of $55.93 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 13.2% on a year-over-year basis.

RDWR has been the subject of a number of analyst reports. BidaskClub downgraded shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Radware from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, January 4th. Dougherty & Co lifted their price objective on shares of Radware from $22.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Needham & Company LLC lifted their target price on shares of Radware from $23.00 to $24.50 and gave the stock a “buy” rating in a report on Thursday, February 8th. Finally, Barclays set a $24.00 target price on shares of Radware and gave the stock a “buy” rating in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. Radware presently has an average rating of “Buy” and a consensus price target of $22.29.

Shares of RDWR stock traded down $0.14 on Friday, hitting $21.32. 14,302 shares of the stock were exchanged, compared to its average volume of 184,887. Radware has a 52 week low of $15.13 and a 52 week high of $21.90.

Several hedge funds have recently made changes to their positions in RDWR. Castleark Management LLC bought a new stake in shares of Radware during the 4th quarter worth about $6,709,000. Renaissance Technologies LLC boosted its holdings in shares of Radware by 33.7% during the 4th quarter. Renaissance Technologies LLC now owns 1,186,300 shares of the information technology services provider’s stock worth $23,014,000 after buying an additional 298,900 shares during the period. Senvest Management LLC boosted its holdings in shares of Radware by 4.6% during the 3rd quarter. Senvest Management LLC now owns 5,990,375 shares of the information technology services provider’s stock worth $100,998,000 after buying an additional 263,014 shares during the period. Millennium Management LLC boosted its holdings in shares of Radware by 164.2% during the 4th quarter. Millennium Management LLC now owns 354,307 shares of the information technology services provider’s stock worth $6,874,000 after buying an additional 220,195 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of Radware by 24.1% during the 4th quarter. BlackRock Inc. now owns 407,962 shares of the information technology services provider’s stock worth $7,915,000 after buying an additional 79,326 shares during the period. 64.01% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Radware (NASDAQ:RDWR)

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