Equities research analysts expect Radware Ltd. (NASDAQ:RDWR) to report $52.23 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Radware’s earnings, with the lowest sales estimate coming in at $51.98 million and the highest estimate coming in at $52.90 million. Radware posted sales of $46.86 million during the same quarter last year, which suggests a positive year over year growth rate of 11.5%. The business is expected to report its next earnings report before the market opens on Wednesday, November 1st.

On average, analysts expect that Radware will report full-year sales of $52.23 million for the current fiscal year, with estimates ranging from $205.90 million to $208.62 million. For the next year, analysts forecast that the firm will report sales of $222.51 million per share, with estimates ranging from $215.43 million to $233.20 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Radware.

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

Several brokerages recently issued reports on RDWR. BidaskClub downgraded Radware from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $21.00 price objective (up from $19.00) on shares of Radware in a research note on Thursday, August 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $22.00 price objective on shares of Radware in a research note on Thursday, August 3rd. Imperial Capital reissued an “outperform” rating and issued 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 given a hold rating and six have assigned a buy rating to the company’s stock. Radware presently has a consensus rating of “Buy” and a consensus price target of $18.36.

Radware (RDWR) traded down 0.145% on Thursday, hitting $17.185. 21,314 shares of the stock were exchanged. Radware has a 52 week low of $11.46 and a 52 week high of $18.33. The company’s market cap is $753.06 million. The company’s 50-day moving average is $17.08 and its 200-day moving average is $17.14.

Several institutional investors and hedge funds have recently bought and sold shares of the company. ETF Managers Group LLC purchased a new stake in shares of Radware during the 2nd quarter worth about $40,097,000. Ion Asset Management Ltd. raised its stake in shares of Radware by 18.7% during the 2nd quarter. Ion Asset Management Ltd. now owns 1,753,275 shares of the information technology services provider’s stock worth $30,753,000 after purchasing an additional 276,780 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Radware by 5.3% during the 1st quarter. Nuveen Asset Management LLC now owns 794,456 shares of the information technology services provider’s stock worth $12,838,000 after purchasing an additional 40,114 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Radware by 66.2% during the 1st quarter. Renaissance Technologies LLC now owns 480,897 shares of the information technology services provider’s stock worth $7,771,000 after purchasing an additional 191,597 shares in the last quarter. Finally, Hood River Capital Management LLC raised its stake in shares of Radware by 2.6% during the 2nd quarter. Hood River Capital Management LLC now owns 441,353 shares of the information technology services provider’s stock worth $7,741,000 after purchasing an additional 11,192 shares in the last quarter. 61.09% of the stock is owned by institutional investors.

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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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