$60.14 Million in Sales Expected for Radware Ltd. (RDWR) This Quarter
Brokerages forecast that Radware Ltd. (NASDAQ:RDWR) will post $60.14 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Radware’s earnings, with the lowest sales estimate coming in at $60.00 million and the highest estimate coming in at $60.40 million. Radware posted sales of $57.29 million in the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Radware will report full year sales of $252.84 million for the current financial year, with estimates ranging from $250.40 million to $255.00 million. For the next fiscal year, analysts anticipate that the company will report sales of $276.38 million, with estimates ranging from $274.03 million to $280.60 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Radware.
Radware (NASDAQ:RDWR) last issued its quarterly earnings data on Wednesday, May 1st. The information technology services provider reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.13. The firm had revenue of $61.40 million during the quarter, compared to analysts’ expectations of $59.43 million. Radware had a net margin of 7.09% and a return on equity of 5.54%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share.
Several hedge funds and other institutional investors have recently modified their holdings of RDWR. Cypress Capital Management LLC WY purchased a new position in Radware during the first quarter worth about $52,000. Dupont Capital Management Corp purchased a new position in Radware during the first quarter worth about $105,000. Penserra Capital Management LLC purchased a new position in Radware during the first quarter worth about $107,000. Cresset Asset Management LLC purchased a new position in Radware during the first quarter worth about $203,000. Finally, Parametric Portfolio Associates LLC purchased a new position in Radware during the first quarter worth about $233,000. Hedge funds and other institutional investors own 71.17% of the company’s stock.
Shares of NASDAQ RDWR traded down $0.03 during mid-day trading on Wednesday, reaching $24.19. 133,155 shares of the company’s stock traded hands, compared to its average volume of 220,526. The stock has a market capitalization of $1.08 billion, a P/E ratio of 83.41, a P/E/G ratio of 3.44 and a beta of 0.84. Radware has a 1-year low of $21.43 and a 1-year high of $28.50.
Radware Company Profile
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
Recommended Story: What is a growth and income fund?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Radware Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware and related companies with MarketBeat.com's FREE daily email newsletter.