Radware Ltd. (NASDAQ:RDWR) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of ~$47 million, compared to the consensus revenue estimate of $51.66 million.
A number of equities analysts recently commented on the company. Zacks Investment Research lowered Radware from a buy rating to a hold rating in a research note on Friday, July 29th. Oppenheimer Holdings Inc. reaffirmed a hold rating on shares of Radware in a research note on Monday. DA Davidson set a $15.00 price objective on Radware and gave the stock a buy rating in a research note on Monday. Finally, Imperial Capital reaffirmed an outperform rating and issued a $15.00 price objective on shares of Radware in a research note on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $15.43.
Radware Ltd. (NASDAQ:RDWR) opened at 12.61 on Wednesday. The firm has a 50-day moving average price of $13.53 and a 200 day moving average price of $12.17. The firm has a market capitalization of $554.13 million, a price-to-earnings ratio of 663.68 and a beta of 1.22. Radware Ltd. has a 52 week low of $9.98 and a 52 week high of $16.66.
Radware (NASDAQ:RDWR) last posted its earnings results on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The company had revenue of $49.60 million for the quarter, compared to the consensus estimate of $49.57 million. Radware had a return on equity of 2.04% and a net margin of 0.42%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities research analysts forecast that Radware Ltd. will post $0.33 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. purchased a new stake in Radware during the second quarter worth approximately $114,000. BlackRock Institutional Trust Company N.A. increased its stake in Radware by 51.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 208,589 shares of the company’s stock worth $2,349,000 after buying an additional 71,217 shares in the last quarter. Finally, State Street Corp increased its stake in Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock worth $1,817,000 after buying an additional 89,717 shares in the last quarter. Institutional investors own 63.27% of the company’s stock.
Radware Company Profile
Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.
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