Radware (NASDAQ:RDWR) Updates Q1 Earnings Guidance

Radware (NASDAQ:RDWRGet Free Report) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.12-$0.14 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $62-$64 million, compared to the consensus revenue estimate of $61.84 million.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Radware from a buy rating to a hold rating in a research report on Saturday, November 4th. Barclays raised their price objective on shares of Radware from $19.00 to $22.00 and gave the stock an overweight rating in a research report on Thursday.

Get Our Latest Stock Analysis on Radware

Radware Price Performance

Shares of NASDAQ:RDWR opened at $19.35 on Friday. The company’s 50 day simple moving average is $17.04 and its 200 day simple moving average is $16.61. Radware has a 1 year low of $13.53 and a 1 year high of $23.35.

Radware (NASDAQ:RDWRGet Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The information technology services provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $65.03 million for the quarter, compared to analysts’ expectations of $64.01 million. Radware had a negative net margin of 8.26% and a negative return on equity of 2.88%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.04) earnings per share. Equities analysts anticipate that Radware will post -0.03 EPS for the current year.

Institutional Trading of Radware

Several institutional investors have recently modified their holdings of the business. US Bancorp DE grew its stake in shares of Radware by 72.0% in the fourth quarter. US Bancorp DE now owns 6,966 shares of the information technology services provider’s stock worth $116,000 after purchasing an additional 2,915 shares during the last quarter. Citigroup Inc. grew its stake in shares of Radware by 16.8% in the third quarter. Citigroup Inc. now owns 101,821 shares of the information technology services provider’s stock worth $1,723,000 after purchasing an additional 14,623 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Radware by 45.5% in the third quarter. Envestnet Asset Management Inc. now owns 14,901 shares of the information technology services provider’s stock worth $252,000 after purchasing an additional 4,659 shares during the last quarter. UBS Group AG lifted its holdings in Radware by 191.7% in the third quarter. UBS Group AG now owns 86,297 shares of the information technology services provider’s stock valued at $1,460,000 after buying an additional 56,708 shares during the period. Finally, GTS Securities LLC acquired a new position in Radware in the second quarter valued at $289,000. Institutional investors own 74.63% of the company’s stock.

Radware Company Profile

(Get Free Report)

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, on-premise, and software defined data centers worldwide. It offers DefensePro, a real-time network attack mitigation device that protects the data center and application infrastructure; Radware Kubernetes, a Web Application Firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle.

Further Reading

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