Radware (NASDAQ:RDWR - Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.15-$0.17 for the period, compared to the consensus estimate of $0.15. The company issued revenue guidance of $65-$67 million, compared to the consensus revenue estimate of $65.75 million.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Radware from a hold rating to a buy rating in a research report on Thursday, February 22nd. Barclays lifted their price objective on Radware from $19.00 to $22.00 and gave the company an overweight rating in a research report on Thursday, February 8th.
View Our Latest Research Report on Radware
Radware Price Performance
RDWR stock traded up $1.94 during midday trading on Wednesday, hitting $19.16. The stock had a trading volume of 592,077 shares, compared to its average volume of 251,704. The firm has a market cap of $848.98 million, a price-to-earnings ratio of -36.94 and a beta of 0.97. The business has a 50-day moving average of $18.00 and a two-hundred day moving average of $17.07. Radware has a 52-week low of $13.53 and a 52-week high of $20.94.
Radware (NASDAQ:RDWR - Get Free Report) last released its earnings results on Wednesday, February 7th. The information technology services provider reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. The firm had revenue of $65.03 million for the quarter, compared to the consensus estimate of $64.01 million. During the same period in the prior year, the firm earned ($0.04) EPS. The company's revenue was down 12.2% compared to the same quarter last year. Research analysts predict that Radware will post -0.05 earnings per share for the current year.
Radware Company Profile
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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.
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