Radware (NASDAQ:RDWR) Releases Q2 2024 Earnings Guidance

Radware (NASDAQ:RDWR - Get Free Report) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.150-0.170 for the period, compared to the consensus EPS estimate of 0.150. The company issued revenue guidance of $65.0 million-$67.0 million, compared to the consensus revenue estimate of $65.7 million.

Radware Trading Up 2.9 %

NASDAQ RDWR traded up $0.56 on Thursday, hitting $19.72. 395,678 shares of the company traded hands, compared to its average volume of 253,606. The business's 50 day moving average price is $18.03 and its 200-day moving average price is $17.09. The company has a market capitalization of $873.73 million, a price-to-earnings ratio of -39.44 and a beta of 0.97. 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, May 8th. The information technology services provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. The firm had revenue of $65.10 million during the quarter, compared to analysts' expectations of $63.57 million. During the same quarter last year, the business posted ($0.02) earnings per share. The firm's revenue was down 5.7% on a year-over-year basis. As a group, sell-side analysts predict that Radware will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com raised Radware from a hold rating to a buy rating in a research note on Thursday, February 22nd. Needham & Company LLC reaffirmed a hold rating on shares of Radware in a research note on Thursday. Finally, Barclays raised their price objective on Radware from $19.00 to $22.00 and gave the company an overweight rating in a research note on Thursday, February 8th.

About Radware

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.