Radware (NASDAQ:RDWR – Get Free Report) posted its quarterly earnings results on Wednesday. The information technology services provider reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02, Briefing.com reports. The business had revenue of $65.10 million during the quarter, compared to analysts’ expectations of $63.57 million. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the company posted ($0.02) earnings per share. Radware updated its Q2 guidance to $0.15-$0.17 EPS.
Radware Stock Up 2.9 %
NASDAQ RDWR opened at $19.72 on Friday. The stock has a market cap of $873.73 million, a P/E ratio of -39.44 and a beta of 0.97. Radware has a twelve month low of $13.53 and a twelve month high of $20.94. The company’s 50-day simple moving average is $18.07 and its 200 day simple moving average is $17.11.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on RDWR shares. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday. Barclays upped their target price on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. Finally, StockNews.com upgraded shares of Radware from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd.
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.
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