Brokerages Expect Radware Ltd. (NASDAQ:RDWR) to Announce $0.15 EPS

Equities research analysts predict that Radware Ltd. (NASDAQ:RDWR) will announce earnings of $0.15 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Radware’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.15. Radware reported earnings per share of $0.18 during the same quarter last year, which suggests a negative year-over-year growth rate of 16.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 6th.

According to Zacks, analysts expect that Radware will report full-year earnings of $0.86 per share for the current financial year, with EPS estimates ranging from $0.84 to $0.90. For the next year, analysts expect that the business will post earnings of $0.97 per share, with EPS estimates ranging from $0.89 to $1.05. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Radware.

Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, February 12th. The information technology services provider reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Radware had a return on equity of 7.14% and a net margin of 8.95%. The company had revenue of $67.36 million during the quarter, compared to the consensus estimate of $67.40 million. During the same quarter last year, the company posted $0.24 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year.

RDWR has been the subject of several research reports. Zacks Investment Research lowered shares of Radware from a “hold” rating to a “sell” rating in a report on Wednesday, March 18th. BidaskClub upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Wednesday. TheStreet upgraded shares of Radware from a “c+” rating to a “b-” rating in a report on Thursday, December 5th. Needham & Company LLC lowered shares of Radware from a “buy” rating to a “hold” rating in a report on Thursday, February 13th. Finally, ValuEngine upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $26.00.

NASDAQ RDWR traded up $1.00 during trading on Friday, hitting $21.00. The company had a trading volume of 508,734 shares, compared to its average volume of 285,822. Radware has a one year low of $16.02 and a one year high of $26.98. The company has a market cap of $927.11 million, a price-to-earnings ratio of 44.68, a price-to-earnings-growth ratio of 2.08 and a beta of 0.87. The company’s fifty day moving average is $22.41 and its 200-day moving average is $23.88.

Several institutional investors have recently modified their holdings of RDWR. Russell Investments Group Ltd. increased its stake in shares of Radware by 7.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 26,910 shares of the information technology services provider’s stock worth $656,000 after acquiring an additional 1,961 shares in the last quarter. State Street Corp increased its stake in shares of Radware by 8.5% in the 3rd quarter. State Street Corp now owns 280,086 shares of the information technology services provider’s stock worth $6,795,000 after acquiring an additional 21,874 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Radware by 5.5% in the 3rd quarter. California State Teachers Retirement System now owns 43,150 shares of the information technology services provider’s stock worth $1,047,000 after acquiring an additional 2,246 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of Radware by 25.0% in the 3rd quarter. Penserra Capital Management LLC now owns 21,899 shares of the information technology services provider’s stock worth $531,000 after acquiring an additional 4,380 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Radware in the 3rd quarter worth about $119,000. Institutional investors own 73.80% of the company’s stock.

Radware Company Profile

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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Earnings History and Estimates for Radware (NASDAQ:RDWR)

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