Zacks: Analysts Expect Radware Ltd. (RDWR) to Announce $0.11 Earnings Per Share

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.

A number of hedge funds have recently made changes to their positions in the stock. Senvest Management LLC increased its position in Radware by 1.3% during the second quarter. Senvest Management LLC now owns 5,966,192 shares of the information technology services provider’s stock worth $150,825,000 after acquiring an additional 77,640 shares during the period. Cadian Capital Management LP increased its position in Radware by 22.7% during the second quarter. Cadian Capital Management LP now owns 3,628,284 shares of the information technology services provider’s stock worth $91,723,000 after acquiring an additional 671,149 shares during the period. Acadian Asset Management LLC increased its position in Radware by 155.3% during the third quarter. Acadian Asset Management LLC now owns 1,792,713 shares of the information technology services provider’s stock worth $47,451,000 after acquiring an additional 1,090,520 shares during the period. Legal & General Group Plc increased its position in Radware by 26.9% during the second quarter. Legal & General Group Plc now owns 1,027,907 shares of the information technology services provider’s stock worth $25,986,000 after acquiring an additional 217,858 shares during the period. Finally, BlackRock Inc. increased its position in Radware by 24.0% during the first quarter. BlackRock Inc. now owns 505,806 shares of the information technology services provider’s stock worth $10,799,000 after acquiring an additional 97,844 shares during the period. 63.23% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: Are all No-Load Funds Equal?

Get a free copy of the Zacks research report on Radware (RDWR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Radware (NASDAQ:RDWR)

Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply