$75.85 Million in Sales Expected for Radware Ltd. (NASDAQ:RDWR) This Quarter

Wall Street analysts forecast that Radware Ltd. (NASDAQ:RDWRGet Rating) will report $75.85 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided 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 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, 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 financial year, analysts forecast that the business will report sales of $344.55 million, with estimates ranging from $344.50 million to $344.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Radware.

Radware (NASDAQ:RDWRGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $73.70 million during the quarter, compared to analyst estimates of $73.59 million. Radware had a return on equity of 5.79% and a net margin of 2.62%. Radware’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period last year, the company earned $0.09 earnings per share.

RDWR has been the topic of several research analyst reports. TheStreet downgraded Radware from a “b” rating to a “c” rating in a research report on Wednesday, February 9th. StockNews.com initiated coverage on Radware in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Finally, Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $36.75.

Shares of NASDAQ:RDWR opened at $24.68 on Wednesday. The company has a market cap of $1.12 billion, a P/E ratio of 154.26, a P/E/G ratio of 50.54 and a beta of 1.06. The stock’s 50-day moving average is $27.79 and its 200-day moving average is $31.52. Radware has a 52-week low of $23.02 and a 52-week high of $42.19.

Several large investors have recently bought and sold shares of RDWR. First Trust Advisors LP raised its stake in shares of Radware by 87.7% in the fourth quarter. First Trust Advisors LP now owns 1,842,885 shares of the information technology services provider’s stock valued at $76,738,000 after acquiring an additional 860,799 shares during the last quarter. Meitav Dash Investments Ltd. raised its stake in shares of Radware by 311.9% in the first quarter. Meitav Dash Investments Ltd. now owns 845,487 shares of the information technology services provider’s stock valued at $26,863,000 after acquiring an additional 640,230 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in shares of Radware by 71.5% in the first quarter. Loomis Sayles & Co. L P now owns 1,245,971 shares of the information technology services provider’s stock valued at $39,834,000 after acquiring an additional 519,521 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Radware by 114.5% in the first quarter. HighTower Advisors LLC now owns 453,158 shares of the information technology services provider’s stock valued at $14,487,000 after acquiring an additional 241,849 shares during the last quarter. Finally, Lynrock Lake LP bought a new position in shares of Radware in the fourth quarter valued at approximately $9,910,000. Institutional investors own 76.78% of the company’s stock.

Radware Company Profile (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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