Radware (RDWR) Set to Announce Quarterly Earnings on Wednesday

Radware (NASDAQ:RDWR) will be posting its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Radware to post earnings of $0.14 per share for the quarter. Radware has set its Q1 guidance at $0.12-$0.14 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $65.03 million during the quarter, compared to the consensus estimate of $64.01 million. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. Radware’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, analysts expect Radware to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Radware Trading Down 0.1 %

RDWR opened at $16.85 on Monday. The stock has a fifty day simple moving average of $18.03 and a two-hundred day simple moving average of $17.06. The company has a market cap of $746.62 million, a price-to-earnings ratio of -33.70 and a beta of 0.97. Radware has a 12-month low of $13.53 and a 12-month high of $20.94.

Analyst Upgrades and Downgrades

RDWR has been the subject of a number of research analyst reports. Barclays lifted their target price on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Thursday, February 8th. StockNews.com raised Radware from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd.

About Radware

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.