Brokers Set Expectations for Radware Ltd.’s FY2019 Earnings (RDWR)

Radware Ltd. (NASDAQ:RDWR) – Dougherty & Co issued their FY2019 earnings estimates for shares of Radware in a report released on Thursday. Dougherty & Co analyst C. Trebnick expects that the information technology services provider will post earnings of $0.15 per share for the year. Dougherty & Co currently has a “Buy” rating and a $24.00 price target on the stock.

A number of other equities analysts have also weighed in on RDWR. Zacks Investment Research upgraded shares of Radware from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Barclays raised their price objective on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Thursday, November 2nd. BidaskClub lowered shares of Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, Needham & Company LLC raised their price objective on shares of Radware from $23.00 to $24.50 and gave the company a “buy” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell 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 $22.07.

Radware (NASDAQ:RDWR) opened at $20.86 on Monday. Radware has a 1 year low of $15.13 and a 1 year high of $21.26.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The firm had revenue of $58.50 million during the quarter, compared to analyst estimates of $55.93 million. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $0.06 earnings per share.

Several hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its position in shares of 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 acquiring an additional 2,489 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 3,101 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of 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 acquiring an additional 3,568 shares during the period. California Public Employees Retirement System boosted its position in shares of 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 acquiring an additional 4,100 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Radware by 8.3% in the second quarter. Wells Fargo & Company MN now owns 54,877 shares of the information technology services provider’s stock valued at $963,000 after acquiring an additional 4,217 shares during the period. Institutional investors own 61.45% of the company’s stock.

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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.

Earnings History and Estimates for Radware (NASDAQ:RDWR)

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