Radware (NASDAQ:RDWR) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Radware (NASDAQ:RDWR) released its quarterly earnings results on Wednesday. The information technology services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.12), Zacks reports. Radware had a positive return on equity of 1.41% and a negative net margin of 0.85%.

Radware Price Performance

Shares of NASDAQ:RDWR traded up $0.67 during mid-day trading on Wednesday, reaching $23.90. 144,245 shares of the company were exchanged, compared to its average volume of 119,179. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of -397.77 and a beta of 0.96. The firm’s 50-day simple moving average is $22.49 and its 200 day simple moving average is $22.29. Radware has a 1 year low of $16.12 and a 1 year high of $25.00.

Analysts Set New Price Targets

Several research analysts recently weighed in on RDWR shares. Needham & Company LLC restated a “hold” rating on shares of Radware in a research report on Friday, January 17th. Barclays increased their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 31st.

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.