Radware Ltd. (NASDAQ:RDWR) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.06-0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.06. The company issued revenue guidance of $55-57 million, compared to the consensus revenue estimate of $55.21 million.

A number of brokerages have recently issued reports on RDWR. Jefferies Group LLC reaffirmed a buy rating and set a $22.00 price target on shares of Radware in a research report on Thursday, August 3rd. Needham & Company LLC reaffirmed a buy rating and set a $21.00 price target on shares of Radware in a research report on Tuesday, September 12th. Zacks Investment Research downgraded Radware from a hold rating to a sell rating in a research report on Tuesday, August 8th. BidaskClub downgraded Radware from a buy rating to a hold rating in a research report on Tuesday, July 25th. Finally, Imperial Capital reaffirmed an outperform rating and set a $21.00 price target (up from $20.00) on shares of Radware in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Radware currently has a consensus rating of Buy and a consensus price target of $18.36.

Radware (NASDAQ:RDWR) last announced its quarterly earnings data on Wednesday, November 1st. The information technology services provider reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.01. Radware had a negative net margin of 6.41% and a negative return on equity of 2.14%. The business had revenue of $53.05 million for the quarter, compared to analyst estimates of $52.07 million. During the same period last year, the business earned $0.04 EPS. The company’s revenue was up 13.2% on a year-over-year basis.

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An institutional investor recently raised its position in Radware stock. Vanguard Group Inc. grew its position in Radware Ltd. (NASDAQ:RDWR) by 24.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,950 shares of the information technology services provider’s stock after purchasing an additional 3,101 shares during the quarter. Vanguard Group Inc.’s holdings in Radware were worth $279,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 60.71% of the company’s stock.

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.

Earnings History and Estimates for Radware (NASDAQ:RDWR)

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