Equities analysts forecast that Radware Ltd. (NASDAQ:RDWR) will report earnings of $0.11 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Radware’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.10. Radware reported earnings per share of $0.04 during the same quarter last year, which indicates a positive year over year growth rate of 175%. The company is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, November 7th.
According to Zacks, analysts expect that Radware will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.38 to $0.45. For the next fiscal year, analysts forecast that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.49 to $0.65. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Radware.
Several analysts recently commented on RDWR shares. Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Wednesday, October 10th. Barclays reissued a “buy” rating and issued a $30.00 price target on shares of Radware in a research report on Thursday, August 2nd. Finally, BidaskClub lowered shares of Radware from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $28.00.
Shares of RDWR opened at $23.67 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of -197.25, a price-to-earnings-growth ratio of 8.48 and a beta of 1.09. Radware has a 12-month low of $18.00 and a 12-month high of $28.50.
Radware Company Profile
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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