Wall Street brokerages expect Radware Ltd. (NASDAQ:RDWR – Get Rating) to post $75.85 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Radware’s earnings. The highest sales estimate is $75.90 million and the lowest is $75.80 million. Radware posted sales of $69.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Radware will report full-year sales of $314.20 million for the current year, with estimates ranging from $313.20 million to $315.20 million. For the next year, analysts expect that the business will report sales of $344.55 million, with estimates ranging from $344.50 million to $344.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Radware.
Radware (NASDAQ:RDWR – Get Rating) last posted its earnings results on Tuesday, May 3rd. The information technology services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The company had revenue of $73.70 million during the quarter, compared to analysts’ expectations of $73.59 million. Radware had a return on equity of 5.79% and a net margin of 2.62%. The firm’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 earnings per share.
RDWR stock opened at $23.78 on Thursday. The business has a fifty day moving average of $29.90 and a two-hundred day moving average of $32.38. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 148.63, a price-to-earnings-growth ratio of 48.95 and a beta of 1.05. Radware has a 52-week low of $23.02 and a 52-week high of $42.19.
Large investors have recently added to or reduced their stakes in the stock. Guggenheim Capital LLC lifted its holdings in Radware by 0.5% during the 3rd quarter. Guggenheim Capital LLC now owns 68,393 shares of the information technology services provider’s stock worth $2,306,000 after buying an additional 373 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in Radware by 53.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after buying an additional 419 shares during the last quarter. LPL Financial LLC lifted its holdings in Radware by 1.9% during the 3rd quarter. LPL Financial LLC now owns 27,367 shares of the information technology services provider’s stock worth $923,000 after buying an additional 514 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Radware by 1.7% during the 4th quarter. Natixis Advisors L.P. now owns 36,239 shares of the information technology services provider’s stock worth $1,509,000 after buying an additional 607 shares during the last quarter. Finally, UBS Group AG lifted its holdings in Radware by 6.0% during the 3rd quarter. UBS Group AG now owns 10,657 shares of the information technology services provider’s stock worth $359,000 after buying an additional 607 shares during the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.
About Radware (Get Rating)
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.
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