Wall Street analysts forecast that Radware Ltd. (NASDAQ:RDWR) will post earnings per share of $0.08 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Radware’s earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.09. Radware reported earnings of $0.06 per share during the same quarter last year, which indicates a positive year over year growth rate of 33.3%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 14th.
On average, analysts expect that Radware will report full-year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.15 to $0.17. For the next fiscal year, analysts anticipate that the company will report earnings of $0.33 per share, with EPS estimates ranging from $0.20 to $0.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Radware.
RDWR has been the subject of a number of recent research reports. Barclays increased their target price on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. Dougherty & Co increased their target price on shares of Radware from $18.50 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 2nd. Jefferies Group reiterated a “buy” rating on shares of Radware in a research report on Friday, October 6th. Zacks Investment Research cut shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $21.00 target price on shares of Radware in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.83.
Several institutional investors and hedge funds have recently made changes to their positions in RDWR. Bank of America Corp DE grew its holdings in shares of Radware by 373.8% in the first quarter. Bank of America Corp DE now owns 55,483 shares of the information technology services provider’s stock valued at $896,000 after purchasing an additional 43,773 shares during the period. Aperio Group LLC purchased a new stake in shares of Radware in the second quarter valued at about $210,000. US Bancorp DE grew its holdings in shares of Radware by 5.0% in the second quarter. US Bancorp DE now owns 16,535 shares of the information technology services provider’s stock valued at $290,000 after purchasing an additional 784 shares during the period. First Trust Advisors LP grew its holdings in shares of Radware by 37.8% in the second quarter. First Trust Advisors LP now owns 238,548 shares of the information technology services provider’s stock valued at $4,184,000 after purchasing an additional 65,486 shares during the period. Finally, Balter Liquid Alternatives LLC purchased a new stake in shares of Radware in the second quarter valued at about $198,000. 61.69% of the stock is owned by hedge funds and other institutional investors.
Shares of Radware (RDWR) traded up $0.07 during midday trading on Wednesday, hitting $20.34. 97,200 shares of the stock were exchanged, compared to its average volume of 176,335. Radware has a 1-year low of $13.33 and a 1-year high of $20.78.
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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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