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 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)
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