Analysts Anticipate Radware (RDWR) Will Post Earnings of $0.05 Per Share

Equities research analysts forecast that Radware (NASDAQ:RDWR) will post $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Radware’s earnings. Radware posted earnings per share of $0.02 in the same quarter last year, which suggests a positive year over year growth rate of 150%. The company is expected to issue its next earnings results before the market opens on Wednesday, May 2nd.

According to Zacks, analysts expect that Radware will report full-year earnings of $0.34 per share for the current financial year, with EPS estimates ranging from $0.26 to $0.45. For the next year, analysts expect that the firm will report earnings of $0.50 per share, with EPS estimates ranging from $0.40 to $0.70. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Radware.

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

Several equities research analysts have issued reports on the company. ValuEngine raised Radware from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Zacks Investment Research cut Radware from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Barclays set a $24.00 target price on Radware and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Finally, Needham & Company LLC raised their target price on Radware from $23.00 to $24.50 and gave the stock a “buy” rating in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $23.17.

RDWR stock traded down $0.11 during midday trading on Friday, hitting $22.08. 15,832 shares of the company’s stock were exchanged, compared to its average volume of 160,471. The stock has a market cap of $973.33, a price-to-earnings ratio of -184.92, a price-to-earnings-growth ratio of 33.82 and a beta of 0.87. Radware has a 1-year low of $15.82 and a 1-year high of $22.50.

Hedge funds and other institutional investors have recently modified their holdings of the company. Castleark Management LLC acquired a new position in Radware during the 4th quarter worth approximately $6,709,000. Renaissance Technologies LLC boosted its position in Radware by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,186,300 shares of the information technology services provider’s stock valued at $23,014,000 after buying an additional 298,900 shares in the last quarter. Millennium Management LLC boosted its position in Radware by 164.2% in the fourth quarter. Millennium Management LLC now owns 354,307 shares of the information technology services provider’s stock valued at $6,874,000 after buying an additional 220,195 shares in the last quarter. BlackRock Inc. boosted its position in Radware by 24.1% in the fourth quarter. BlackRock Inc. now owns 407,962 shares of the information technology services provider’s stock valued at $7,915,000 after buying an additional 79,326 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Radware by 23.0% in the fourth quarter. Deutsche Bank AG now owns 388,992 shares of the information technology services provider’s stock valued at $7,546,000 after buying an additional 72,728 shares in the last quarter. 63.28% of the stock is owned by institutional investors and hedge funds.

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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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