Radware (NASDAQ:RDWR) Announces Quarterly Earnings Results

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Radware (NASDAQ:RDWR) announced its earnings results on Wednesday. The information technology services provider reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.01), Briefing.com reports. The firm had revenue of $67.36 million during the quarter, compared to analysts’ expectations of $67.40 million. Radware had a return on equity of 7.41% and a net margin of 9.33%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 earnings per share.

NASDAQ:RDWR traded up $0.44 on Friday, hitting $22.70. The stock had a trading volume of 5,868 shares, compared to its average volume of 156,267. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 47.29, a price-to-earnings-growth ratio of 2.16 and a beta of 0.87. The business’s 50-day simple moving average is $25.78 and its two-hundred day simple moving average is $24.63. Radware has a 52-week low of $22.00 and a 52-week high of $26.98.

Several research analysts have issued reports on the company. Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Saturday, November 9th. ValuEngine cut Radware from a “buy” rating to a “hold” rating in a research report on Saturday, January 18th. Needham & Company LLC cut Radware from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet raised Radware from a “c+” rating to a “b-” rating in a research report on Thursday, December 5th. Finally, BidaskClub raised Radware from a “sell” rating to a “hold” rating in a research report on Tuesday, December 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.00.

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.

Read More: Dividend Reinvestment Plan (DRIP)

Earnings History for Radware (NASDAQ:RDWR)

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