Radware (RDWR) Scheduled to Post Quarterly Earnings on Wednesday

Radware (NASDAQ:RDWR) will be issuing its quarterly earnings data before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Radware has set its Q1 guidance at $0.12-$0.14 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $65.03 million for the quarter, compared to analyst estimates of $64.01 million. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. Radware’s revenue for the quarter 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 2.2 %

NASDAQ RDWR opened at $16.53 on Wednesday. The firm has a market capitalization of $732.44 million, a P/E ratio of -33.06 and a beta of 0.95. The business has a fifty day simple moving average of $18.08 and a 200 day simple moving average of $17.04. Radware has a 12 month low of $13.53 and a 12 month high of $20.94.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RDWR shares. Barclays raised their target price on Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. StockNews.com upgraded Radware from a “hold” rating to a “buy” rating in a research note 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.