Radware (RDWR) to Release Earnings on Thursday

Radware (NASDAQ:RDWR) is set to announce its earnings results before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Radware has set its Q3 guidance at $0.19-0.21 EPS and its Q3 2024 guidance at 0.190-0.210 EPS.Parties interested in participating in the company’s conference call can do so using this link.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $66.10 million. Radware had a negative return on equity of 0.72% and a negative net margin of 4.73%. On average, analysts expect Radware to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Radware Price Performance

Shares of RDWR stock opened at $22.34 on Thursday. Radware has a one year low of $13.53 and a one year high of $24.34. The stock has a fifty day moving average price of $22.01 and a 200 day moving average price of $19.87. The stock has a market cap of $938.06 million, a P/E ratio of -77.03 and a beta of 0.97.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on RDWR shares. Barclays lifted their target price on shares of Radware from $22.00 to $23.00 and gave the company an “overweight” rating in a research report on Thursday, August 1st. StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 21st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Wednesday, July 31st.

Radware Company Profile

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.