Wall Street analysts expect that Radware Ltd. (NASDAQ:RDWR) will post $0.03 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Radware’s earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.03. Radware reported earnings of $0.04 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 25%. The business is expected to report its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Radware will report full-year earnings of $0.15 per share for the current year, with EPS estimates ranging from $0.12 to $0.18. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.32 per share, with EPS estimates ranging from $0.18 to $0.55. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Radware.

Radware (NASDAQ:RDWR) last released its quarterly earnings data on Wednesday, August 2nd. The information technology services provider reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.06. The business had revenue of $50.96 million for the quarter, compared to the consensus estimate of $50.19 million. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 earnings per share.

A number of research analysts recently issued reports on RDWR shares. Needham & Company LLC reiterated a “buy” rating and set a $21.00 price objective (up from $19.00) on shares of Radware in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a “buy” rating and set a $22.00 price objective on shares of Radware in a research note on Thursday, August 3rd. BidaskClub downgraded Radware from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Imperial Capital reiterated an “outperform” rating and set a $21.00 price objective (up from $20.00) on shares of Radware in a research note on Thursday, August 10th. Finally, Zacks Investment Research downgraded Radware from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. boosted its position in Radware by 8.3% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 6,958 shares of the information technology services provider’s stock worth $122,000 after buying an additional 535 shares in the last quarter. US Bancorp DE boosted its position in Radware by 5.0% in the second quarter. US Bancorp DE now owns 16,535 shares of the information technology services provider’s stock worth $290,000 after buying an additional 784 shares in the last quarter. State Street Corp boosted 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 buying an additional 2,489 shares in the last quarter. Vanguard Group Inc. boosted 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 buying an additional 3,101 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted 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 buying an additional 3,568 shares in the last quarter. 60.07% of the stock is currently owned by institutional investors.

Radware (NASDAQ RDWR) traded down 0.80% during midday trading on Friday, reaching $17.47. 33,162 shares of the company’s stock traded hands. The stock’s market cap is $765.55 million. Radware has a one year low of $11.46 and a one year high of $18.33. The stock’s 50 day moving average price is $17.58 and its 200-day moving average price is $16.92.

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Radware Company Profile

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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