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.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Radware from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 9th. TheStreet cut shares of Radware from a “b” rating to a “c+” rating in a report on Thursday, May 2nd. ValuEngine cut shares of Radware from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, BidaskClub cut shares of Radware from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.00.

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.

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