Analysts Expect Radware Ltd. (RDWR) to Post -$0.03 EPS

Equities research analysts expect Radware Ltd. (NASDAQ:RDWR) to announce ($0.03) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Radware’s earnings, with estimates ranging from ($0.03) to ($0.01). The company is expected to report its next quarterly earnings report on Tuesday, July 25th.

On average, analysts expect that Radware will report full year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.03). For the next year, analysts forecast that the company will post earnings of $0.23 per share, with EPS estimates ranging from $0.15 to $0.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Radware.

Radware (NASDAQ:RDWR) last posted its quarterly earnings data on Tuesday, April 25th. The information technology services provider reported ($0.05) EPS for the quarter, hitting the Zacks’ consensus estimate of ($0.05). Radware had a negative return on equity of 1.41% and a negative net margin of 5.07%. The firm had revenue of $48.90 million for the quarter, compared to analyst estimates of $47.87 million. During the same quarter last year, the company earned $0.05 EPS. The company’s revenue was up 1.0% on a year-over-year basis.

Several research firms have issued reports on RDWR. Needham & Company LLC increased their target price on Radware from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Zacks Investment Research upgraded Radware from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research report on Wednesday, April 26th. Jefferies Group LLC increased their target price on Radware from $18.50 to $20.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Imperial Capital increased their target price on Radware from $15.00 to $20.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Dougherty & Co upgraded Radware from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.50 to $18.50 in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Radware currently has a consensus rating of “Buy” and an average price target of $18.07.

Several large investors have recently modified their holdings of the company. Oxford Asset Management acquired a new stake in shares of Radware during the first quarter worth about $270,000. Trexquant Investment LP acquired a new stake in shares of Radware during the first quarter worth about $514,000. Hood River Capital Management LLC acquired a new stake in shares of Radware during the first quarter worth about $6,951,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Radware by 60.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,087 shares of the information technology services provider’s stock worth $405,000 after buying an additional 9,451 shares during the period. Finally, US Bancorp DE increased its stake in shares of Radware by 142.2% in the first quarter. US Bancorp DE now owns 15,751 shares of the information technology services provider’s stock worth $254,000 after buying an additional 9,248 shares during the period. Institutional investors own 63.37% of the company’s stock.

Radware (NASDAQ:RDWR) remained flat at $17.75 during trading on Wednesday. The company’s stock had a trading volume of 241,386 shares. The firm’s market capitalization is $767.24 million. The firm’s 50 day moving average is $17.16 and its 200 day moving average is $15.55. Radware has a 1-year low of $10.68 and a 1-year high of $18.33.

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Radware Company Profile

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

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