Brokerages expect Radware (NASDAQ:RDWR) to announce earnings per share of $0.05 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Radware’s earnings. Radware reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 150%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, May 2nd.
On average, analysts expect that Radware will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.26 to $0.45. For the next year, analysts expect that the business will post earnings of $0.50 per share, with EPS estimates ranging from $0.40 to $0.70. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Radware.
Radware (NASDAQ:RDWR) last posted its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. The company had revenue of $58.50 million for the quarter, compared to the consensus estimate of $55.93 million. Radware had a negative return on equity of 1.77% and a negative net margin of 3.55%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS.
Several research firms recently weighed in on RDWR. ValuEngine upgraded Radware from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. BidaskClub upgraded Radware from a “sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Needham & Company LLC restated a “buy” rating and issued a $26.00 price target (up previously from $24.50) on shares of Radware in a research note on Wednesday, February 21st. Zacks Investment Research downgraded Radware from a “hold” rating to a “sell” rating in a research note on Saturday, February 10th. Finally, Barclays set a $24.00 price objective on Radware and gave the company a “buy” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $22.29.
Radware stock opened at $21.31 on Wednesday. Radware has a twelve month low of $15.13 and a twelve month high of $21.90.
A number of hedge funds have recently added to or reduced their stakes in RDWR. Vanguard Group Inc. lifted its position in Radware by 24.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after acquiring an additional 3,101 shares in the last quarter. State Street Corp lifted its position in Radware by 1.0% in the 2nd quarter. State Street Corp now owns 240,567 shares of the information technology services provider’s stock valued at $4,220,000 after acquiring an additional 2,489 shares in the last quarter. Ameriprise Financial Inc. lifted its position in Radware by 67.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 131,022 shares of the information technology services provider’s stock valued at $2,209,000 after acquiring an additional 52,999 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Radware by 37.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 127,234 shares of the information technology services provider’s stock valued at $2,113,000 after acquiring an additional 34,771 shares in the last quarter. Finally, Trexquant Investment LP bought a new position in Radware in the 3rd quarter valued at approximately $274,000. 64.01% of the stock is currently owned by institutional investors and hedge funds.
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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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