Radware (NASDAQ:RDWR – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.150-0.170 for the period, compared to the consensus estimate of 0.150. The company issued revenue guidance of $65.0 million-$67.0 million, compared to the consensus revenue estimate of $65.7 million.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on RDWR. StockNews.com upgraded Radware from a hold rating to a buy rating in a research report on Thursday, February 22nd. Barclays lifted their price objective on Radware from $19.00 to $22.00 and gave the stock an overweight rating in a report on Thursday, February 8th.
Read Our Latest Report on Radware
Radware Trading Up 11.3 %
Radware (NASDAQ:RDWR – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. The firm had revenue of $65.03 million during the quarter, compared to the consensus estimate of $64.01 million. During the same quarter last year, the firm earned ($0.04) EPS. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. Equities research analysts predict that Radware will post -0.05 earnings per share for the current year.
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.
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