Wall Street brokerages forecast that Radware Ltd. (NASDAQ:RDWR) will report $52.02 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Radware’s earnings, with the lowest sales estimate coming in at $50.75 million and the highest estimate coming in at $52.90 million. Radware posted sales of $46.86 million in the same quarter last year, which suggests a positive year over year growth rate of 11%. The company is expected to issue its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that Radware will report full-year sales of $52.02 million for the current fiscal year, with estimates ranging from $204.98 million to $208.62 million. For the next fiscal year, analysts forecast that the firm will report sales of $221.80 million per share, with estimates ranging from $215.43 million to $233.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Radware.

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

Several brokerages recently issued reports on RDWR. Imperial Capital reiterated an “outperform” rating and set a $21.00 price objective (up from $20.00) on shares of Radware in a report on Thursday, August 10th. BidaskClub lowered Radware from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Needham & Company LLC restated a “buy” rating and set a $21.00 target price (up from $19.00) on shares of Radware in a report on Thursday, August 3rd. Jefferies Group LLC restated a “buy” rating and set a $22.00 target price on shares of Radware in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. set a $17.00 target price on Radware and gave the company a “buy” rating in a report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.44.

A number of institutional investors have recently bought and sold shares of the stock. Migdal Insurance & Financial Holdings Ltd. raised 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 valued at $122,000 after buying an additional 535 shares during the period. Balter Liquid Alternatives LLC acquired a new position in Radware during the second quarter worth approximately $198,000. Aperio Group LLC acquired a new position in Radware during the second quarter worth approximately $210,000. US Bancorp DE raised its position in Radware by 142.2% in the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after buying an additional 9,248 shares during the last quarter. Finally, KCG Holdings Inc. raised its position in Radware by 46.2% in the first quarter. KCG Holdings Inc. now owns 15,782 shares of the information technology services provider’s stock worth $255,000 after buying an additional 4,984 shares during the last quarter. Institutional investors own 59.60% of the company’s stock.

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Radware (RDWR) opened at 17.56 on Thursday. The firm’s market capitalization is $769.50 million. The stock has a 50 day moving average price of $17.66 and a 200-day moving average price of $16.73. Radware has a 12-month low of $11.46 and a 12-month high of $18.33.

Radware declared that its board has authorized a stock buyback plan on Tuesday, April 25th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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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