Radware (NASDAQ:RDWR) Releases Earnings Results, Beats Estimates By $0.02 EPS

Radware (NASDAQ:RDWR) announced its quarterly earnings results on Wednesday. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02, Briefing.com reports. The firm had revenue of $65.10 million during the quarter, compared to analyst estimates of $63.57 million. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. Radware’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Radware updated its Q2 guidance to $0.15-$0.17 EPS.

Radware Stock Up 2.9 %

Shares of Radware stock traded up $0.56 on Thursday, reaching $19.72. 243,695 shares of the stock were exchanged, compared to its average volume of 253,517. Radware has a twelve month low of $13.53 and a twelve month high of $20.94. The business has a 50 day moving average price of $18.03 and a two-hundred day moving average price of $17.09. The firm has a market capitalization of $873.73 million, a price-to-earnings ratio of -38.32 and a beta of 0.97.

Wall Street Analyst Weigh In

Several research firms recently commented on RDWR. Barclays boosted their price objective on shares of Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, February 8th. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Thursday. Finally, StockNews.com raised Radware from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd.

Radware Company Profile

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.