Radware (NASDAQ:RDWR) Releases Q4 Earnings Guidance

Radware (NASDAQ:RDWR) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.23-0.24 for the period, compared to the consensus EPS estimate of $0.22. The company issued revenue guidance of $71-72 million, compared to the consensus revenue estimate of $70.56 million.

Radware Stock Performance

RDWR traded down $1.92 during trading on Thursday, hitting $20.27. The stock had a trading volume of 68,283 shares, compared to its average volume of 287,205. Radware has a twelve month low of $13.53 and a twelve month high of $24.34. The company has a market capitalization of $898.10 million, a PE ratio of -44.07 and a beta of 0.97. The stock has a 50 day simple moving average of $22.01 and a two-hundred day simple moving average of $20.03.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. The firm had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $66.10 million. On average, equities research analysts anticipate that Radware will post 0.16 EPS for the current year.

Analyst Ratings Changes

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

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.