Radware (RDWR) Set to Announce Earnings on Wednesday

Radware (NASDAQ:RDWR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Radware to post earnings of $0.14 per share for the quarter. Radware has set its Q1 guidance at $0.12-$0.14 EPS.Individual interested in participating in the company’s earnings conference call can do so using this link.

Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. The firm had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $64.01 million. During the same quarter in the prior year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was down 12.2% compared to the same quarter last year. 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

Radware stock opened at $17.10 on Tuesday. The business has a 50 day moving average of $18.01 and a 200-day moving average of $17.07. Radware has a 1 year low of $13.53 and a 1 year high of $20.94. The company has a market capitalization of $757.70 million, a P/E ratio of -34.20 and a beta of 0.97.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on RDWR. StockNews.com raised Radware from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Barclays upped their price objective on Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th.

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.