Analysts forecast that Radware Ltd. (NASDAQ:RDWR) will post $63.01 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Radware’s earnings, with the highest sales estimate coming in at $63.02 million and the lowest estimate coming in at $63.00 million. Radware posted sales of $58.76 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is scheduled to announce its next earnings results before the market opens on Wednesday, November 6th.
According to Zacks, analysts expect that Radware will report full-year sales of $253.13 million for the current financial year, with estimates ranging from $253.00 million to $253.26 million. For the next year, analysts expect that the firm will post sales of $275.42 million, with estimates ranging from $274.53 million to $276.30 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Radware.
Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, July 31st. The information technology services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02). The business had revenue of $60.50 million for the quarter, compared to analysts’ expectations of $60.04 million. Radware had a net margin of 7.84% and a return on equity of 6.35%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 EPS.
Shares of NASDAQ RDWR traded down $0.02 during trading hours on Wednesday, reaching $23.20. The stock had a trading volume of 70,782 shares, compared to its average volume of 178,957. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 80.00, a P/E/G ratio of 2.61 and a beta of 0.92. The business’s fifty day moving average price is $24.13 and its two-hundred day moving average price is $24.79. Radware has a 52-week low of $21.43 and a 52-week high of $26.98.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Optimum Investment Advisors purchased a new stake in shares of Radware in the third quarter valued at approximately $32,000. Quantamental Technologies LLC lifted its holdings in Radware by 324.2% during the second quarter. Quantamental Technologies LLC now owns 2,346 shares of the information technology services provider’s stock worth $58,000 after buying an additional 1,793 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in Radware during the second quarter worth $101,000. Wells Fargo & Company MN lifted its holdings in Radware by 127.7% during the second quarter. Wells Fargo & Company MN now owns 4,948 shares of the information technology services provider’s stock worth $122,000 after buying an additional 2,775 shares during the period. Finally, Dupont Capital Management Corp lifted its holdings in Radware by 50.0% during the second quarter. Dupont Capital Management Corp now owns 6,000 shares of the information technology services provider’s stock worth $148,000 after buying an additional 2,000 shares during the period. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers 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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