Radware Ltd. (RDWR) Expected to Post Quarterly Sales of $56.11 Million

Equities research analysts expect Radware Ltd. (NASDAQ:RDWR) to announce sales of $56.11 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Radware’s earnings. The lowest sales estimate is $56.00 million and the highest is $56.40 million. Radware posted sales of $51.71 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.5%. The company is expected to issue its next earnings report before the market opens on Wednesday, February 7th.

On average, analysts expect that Radware will report full-year sales of $56.11 million for the current fiscal year, with estimates ranging from $208.90 million to $209.30 million. For the next year, analysts anticipate that the firm will report sales of $226.66 million per share, with estimates ranging from $222.00 million to $235.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Radware.

Radware (NASDAQ:RDWR) last announced its earnings results on Wednesday, November 1st. The information technology services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.01. Radware had a negative net margin of 5.74% and a negative return on equity of 2.27%.

Several equities analysts recently weighed in on RDWR shares. Zacks Investment Research upgraded shares of Radware from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a report on Thursday, January 4th. Dougherty & Co increased their price objective on shares of Radware from $18.50 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 2nd. Jefferies Group restated a “buy” rating on shares of Radware in a report on Friday, October 6th. Barclays increased their price objective on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Radware from a “hold” rating to a “sell” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. Radware presently has a consensus rating of “Buy” and a consensus price target of $21.00.

A number of large investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 purchasing an additional 535 shares in the last quarter. State Street Corp increased its stake in Radware by 1.0% in the second quarter. State Street Corp now owns 240,567 shares of the information technology services provider’s stock valued at $4,220,000 after purchasing an additional 2,489 shares in the last quarter. Vanguard Group Inc. increased its stake in Radware by 24.1% in the second quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock valued at $279,000 after purchasing an additional 3,101 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Radware by 2.2% in the second quarter. Goldman Sachs Group Inc. now owns 162,980 shares of the information technology services provider’s stock valued at $2,859,000 after purchasing an additional 3,568 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Radware by 2.2% in the second quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock valued at $3,308,000 after purchasing an additional 4,100 shares in the last quarter. 61.42% of the stock is owned by hedge funds and other institutional investors.

Radware (NASDAQ RDWR) opened at $20.20 on Friday. Radware has a twelve month low of $14.12 and a twelve month high of $20.78. The firm has a market cap of $873.07, a P/E ratio of -77.69, a P/E/G ratio of 50.01 and a beta of 1.06.

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About Radware

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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