$54.17 Million in Sales Expected for Radware Ltd. (RDWR) This Quarter

Wall Street analysts forecast that Radware Ltd. (NASDAQ:RDWR) will post sales of $54.17 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Radware’s earnings. The highest sales estimate is $54.60 million and the lowest is $54.00 million. Radware posted sales of $48.91 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The company is scheduled to issue its next quarterly earnings results on Tuesday, April 24th.

On average, analysts expect that Radware will report full-year sales of $54.17 million for the current year, with estimates ranging from $228.00 million to $235.10 million. For the next year, analysts expect that the company will post sales of $253.09 million per share, with estimates ranging from $248.00 million to $257.50 million. Zacks’ sales averages are an average based on a survey of analysts that follow Radware.

Radware (NASDAQ:RDWR) last released its quarterly earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The company had revenue of $58.50 million for the quarter, compared to analyst estimates of $55.93 million. During the same period last year, the firm earned $0.06 earnings per share. The firm’s revenue was up 13.2% on a year-over-year basis.

RDWR has been the topic of a number of recent analyst reports. Barclays raised their price target 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 raised their price target 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. Zacks Investment Research lowered shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, November 8th. BidaskClub lowered shares of Radware from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 3rd. Finally, Needham & Company LLC raised their price target on shares of Radware from $23.00 to $24.50 and gave the company a “buy” rating in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $22.07.

Radware (RDWR) opened at $21.01 on Wednesday. Radware has a 12-month low of $15.13 and a 12-month high of $21.26. The firm has a market cap of $925.90, a PE ratio of -123.59, a P/E/G ratio of 54.89 and a beta of 1.00.

A number of hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in Radware by 1.0% in the second quarter. State Street Corp now owns 240,567 shares of the information technology services provider’s stock worth $4,220,000 after acquiring an additional 2,489 shares during the period. Vanguard Group Inc. raised its position in Radware by 24.1% in the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock worth $279,000 after acquiring an additional 3,101 shares during the period. Goldman Sachs Group Inc. raised its position in Radware by 2.2% in the second quarter. Goldman Sachs Group Inc. now owns 162,980 shares of the information technology services provider’s stock worth $2,859,000 after acquiring an additional 3,568 shares during the period. California Public Employees Retirement System raised its position in Radware by 2.2% in the second quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock worth $3,308,000 after acquiring an additional 4,100 shares during the period. Finally, Wells Fargo & Company MN raised its position in Radware by 8.3% in the second quarter. Wells Fargo & Company MN now owns 54,877 shares of the information technology services provider’s stock worth $963,000 after acquiring an additional 4,217 shares during the period. 61.45% of the stock is currently owned by institutional investors and hedge funds.

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About Radware

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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Earnings History and Estimates for Radware (NASDAQ:RDWR)

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