Radware Ltd. (NASDAQ:RDWR) – Research analysts at Imperial Capital issued their Q1 2018 earnings estimates for Radware in a research report issued to clients and investors on Thursday. Imperial Capital analyst M. Kim anticipates that the information technology services provider will post earnings of ($0.02) per share for the quarter. Imperial Capital also issued estimates for Radware’s Q2 2018 earnings at ($0.01) EPS, Q3 2018 earnings at $0.00 EPS, Q4 2018 earnings at $0.04 EPS and FY2019 earnings at $0.18 EPS.
A number of other research firms have also recently issued reports on RDWR. BidaskClub upgraded Radware from a “strong sell” rating to a “sell” rating in a research note on Monday, February 5th. 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 research note on Thursday, January 4th. Barclays lifted their price objective on shares of Radware from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, November 2nd. Needham & Company LLC lifted their price objective on shares of Radware from $23.00 to $24.50 and gave the company a “buy” rating in a research note on Thursday. Finally, Dougherty & Co lifted their price objective on shares of Radware from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $22.07.
Radware (NASDAQ:RDWR) last posted its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The company had revenue of $58.50 million for the quarter, compared to analysts’ expectations of $55.93 million. Radware had a negative return on equity of 1.77% and a negative net margin of 3.55%. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share.
Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its stake in Radware by 122.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock worth $1,622,000 after purchasing an additional 50,955 shares in the last quarter. Wells Fargo & Company MN increased its stake in Radware by 8.3% in the 2nd quarter. Wells Fargo & Company MN now owns 54,877 shares of the information technology services provider’s stock worth $963,000 after purchasing an additional 4,217 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in Radware in the 2nd quarter worth about $1,369,000. Vanguard Group Inc. increased its stake in Radware by 24.1% in the 2nd quarter. Vanguard Group Inc. now owns 15,950 shares of the information technology services provider’s stock worth $279,000 after purchasing an additional 3,101 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in Radware by 2.2% in the 2nd quarter. California Public Employees Retirement System now owns 188,600 shares of the information technology services provider’s stock worth $3,308,000 after purchasing an additional 4,100 shares in the last quarter. Hedge funds and other institutional investors own 61.44% of the company’s stock.
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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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