Radware (NASDAQ:RDWR) Issues Q4 Earnings Guidance

Radware (NASDAQ:RDWR) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.23-0.24 for the period, compared to the consensus EPS estimate of $0.22. The company issued revenue guidance of $71-72 million, compared to the consensus revenue estimate of $70.56 million. Radware also updated its Q4 2024 guidance to 0.230-0.240 EPS.

Radware Stock Down 3.6 %

Shares of NASDAQ RDWR traded down $0.82 during trading hours on Friday, reaching $21.69. 211,531 shares of the stock traded hands, compared to its average volume of 162,202. The company’s 50-day simple moving average is $22.01 and its two-hundred day simple moving average is $20.12. The company has a market capitalization of $910.76 million, a P/E ratio of -361.44 and a beta of 0.97. Radware has a 52-week low of $14.19 and a 52-week high of $24.34.

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 EPS for the quarter. Radware had a negative net margin of 0.85% and a positive return on equity of 1.43%. The company had revenue of $67.28 million for the quarter, compared to analysts’ expectations of $66.10 million. As a group, sell-side analysts forecast that Radware will post 0.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Barclays upped their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Wednesday, July 31st. Finally, StockNews.com raised Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st.

Radware Company Profile

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.