Radware (RDWR) Scheduled to Post Earnings on Wednesday

Radware (NASDAQ:RDWR) will announce its earnings results before the market opens on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Radware has set its Q1 guidance at $0.12-$0.14 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Radware (NASDAQ:RDWR) last released its quarterly 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. The company had revenue of $65.03 million during the quarter, compared to analysts’ expectations of $64.01 million. Radware had a negative return on equity of 2.88% and a negative net margin of 8.26%. Radware’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. On average, analysts expect Radware to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Radware Price Performance

Radware stock opened at $16.85 on Monday. The stock has a market capitalization of $746.62 million, a PE ratio of -33.70 and a beta of 0.97. The business has a 50 day simple moving average of $18.03 and a 200-day simple moving average of $17.06. Radware has a 12 month low of $13.53 and a 12 month high of $20.94.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. StockNews.com raised shares of Radware from a “hold” rating to a “buy” rating in a research note on Thursday, February 22nd. Barclays lifted their price objective on Radware from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th.

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.