Radware Ltd. (NASDAQ:RDWR) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.08. The company issued revenue guidance of ~$47 million, compared to the consensus revenue estimate of $51.66 million.

Shares of Radware Ltd. (NASDAQ:RDWR) opened at 13.15 on Monday. The stock has a 50 day moving average of $13.58 and a 200-day moving average of $12.16. The stock has a market capitalization of $577.86 million, a P/E ratio of 692.11 and a beta of 1.22. Radware Ltd. has a 52-week low of $9.98 and a 52-week high of $16.66.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The company earned $49.60 million during the quarter, compared to analyst estimates of $49.57 million. Radware had a net margin of 0.42% and a return on equity of 2.04%. Radware’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. Analysts predict that Radware Ltd. will post $0.33 EPS for the current fiscal year.

Earnings History and Estimates for Radware (NASDAQ:RDWR)

Several research analysts have commented on RDWR shares. Zacks Investment Research raised shares of Radware from a sell rating to a hold rating in a research note on Thursday, September 22nd. Imperial Capital reaffirmed an outperform rating and set a $15.00 price objective on shares of Radware in a research note on Monday, July 25th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $15.57.

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock valued at $1,817,000 after buying an additional 89,717 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Radware by 51.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 208,589 shares of the company’s stock valued at $2,349,000 after buying an additional 71,217 shares during the last quarter. Finally, Vanguard Group Inc. purchased a new stake in Radware during the second quarter valued at $114,000. Institutional investors and hedge funds own 63.27% of the company’s stock.

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.

5 Day Chart for NASDAQ:RDWR

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