Wall Street analysts forecast that Radware Ltd. (NASDAQ:RDWR) will post earnings per share of $0.03 for the current quarter, Zacks reports. Four analysts have made 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 posted earnings of $0.04 per share during the same quarter last year, which suggests a negative year over year growth rate of 25%. The firm is scheduled 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 forecast that the firm will post earnings of $0.32 per share, with EPS estimates ranging from $0.18 to $0.55. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Radware.

Radware (NASDAQ:RDWR) last announced its quarterly earnings results on Wednesday, August 2nd. The information technology services provider reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $50.96 million during the quarter, compared to analysts’ expectations of $50.19 million. During the same quarter last year, the business posted $0.06 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis.

RDWR has been the subject of several research analyst reports. Zacks Investment Research lowered Radware from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and issued a $22.00 price objective on shares of Radware in a report on Thursday, August 3rd. BidaskClub lowered Radware from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Needham & Company LLC restated a “buy” rating and issued a $21.00 price objective on shares of Radware in a report on Tuesday, September 12th. Finally, Imperial Capital restated an “outperform” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Radware in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. Radware currently has a consensus rating of “Buy” and an average target price of $18.44.

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Several institutional investors have recently made changes to their positions in RDWR. Wells Fargo & Company MN raised its position in shares of Radware by 81.9% during the first quarter. Wells Fargo & Company MN now owns 50,660 shares of the information technology services provider’s stock worth $819,000 after purchasing an additional 22,815 shares during the period. First Trust Advisors LP raised its position in shares of Radware by 143.5% during the first quarter. First Trust Advisors LP now owns 173,062 shares of the information technology services provider’s stock worth $2,797,000 after purchasing an additional 101,979 shares during the period. US Bancorp DE raised its position in shares of Radware by 142.2% during the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after purchasing an additional 9,248 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Radware by 60.4% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,087 shares of the information technology services provider’s stock worth $405,000 after purchasing an additional 9,451 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Radware during the first quarter worth $514,000. 61.09% of the stock is currently owned by institutional investors.

Shares of Radware (NASDAQ:RDWR) remained flat at $16.48 on Thursday. 53,405 shares of the company’s stock traded hands. The firm’s market cap is $722.17 million. Radware has a 52-week low of $11.46 and a 52-week high of $18.33. The stock has a 50-day moving average of $17.31 and a 200-day moving average of $17.03.

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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