FY2018 EPS Estimates for Radware Ltd. Reduced by Analyst (RDWR)
Radware Ltd. (NASDAQ:RDWR) – Stock analysts at Imperial Capital lowered their FY2018 earnings estimates for Radware in a research report issued on Tuesday. Imperial Capital analyst M. Kim now forecasts that the information technology services provider will post earnings per share of ($0.04) for the year, down from their previous forecast of ($0.03).
Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.07 by $0.02. The firm had revenue of $58.50 million during the quarter, compared to analyst estimates of $55.93 million. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. Radware’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS.
Radware (RDWR) opened at $20.86 on Friday. The company has a market cap of $933.07, a P/E ratio of -77.26, a P/E/G ratio of 56.58 and a beta of 1.00. Radware has a 52 week low of $15.13 and a 52 week high of $21.26.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Radware by 24.1% during the 4th quarter. BlackRock Inc. now owns 407,962 shares of the information technology services provider’s stock valued at $7,915,000 after purchasing an additional 79,326 shares in the last quarter. First Trust Advisors LP increased its stake in Radware by 46.2% during the 4th quarter. First Trust Advisors LP now owns 119,466 shares of the information technology services provider’s stock valued at $2,318,000 after purchasing an additional 37,767 shares in the last quarter. AXA increased its stake in Radware by 8.8% during the 3rd quarter. AXA now owns 321,000 shares of the information technology services provider’s stock valued at $5,412,000 after purchasing an additional 26,000 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Radware during the 3rd quarter valued at approximately $234,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Radware during the 3rd quarter valued at approximately $305,000. Institutional investors and hedge funds own 61.44% of the company’s stock.
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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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