Analysts expect Radware Ltd. (NASDAQ:RDWR) to report earnings of $0.11 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Radware’s earnings, with estimates ranging from $0.10 to $0.11. Radware reported earnings of $0.04 per share in the same quarter last year, which indicates a positive year over year growth rate of 175%. The firm is scheduled to report its next earnings report on Wednesday, November 7th.

According to Zacks, analysts expect that Radware will report full year earnings of $0.41 per share for the current year, with EPS estimates ranging from $0.38 to $0.45. For the next financial year, analysts anticipate that the company will post earnings of $0.55 per share, with EPS estimates ranging from $0.49 to $0.65. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Radware.

Radware (NASDAQ:RDWR) last released its earnings results on Wednesday, August 1st. The information technology services provider reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.02. Radware had a return on equity of 0.20% and a net margin of 0.59%. The firm had revenue of $57.30 million for the quarter, compared to the consensus estimate of $56.60 million. During the same period in the prior year, the business posted $0.03 earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year.

RDWR has been the subject of several research analyst reports. Barclays restated a “buy” rating and set a $30.00 price target on shares of Radware in a research note on Thursday, August 2nd. BidaskClub lowered Radware from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 1st. Needham & Company LLC upped their price target on Radware from $26.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Radware from a “hold” rating to a “strong-buy” rating and set a $30.00 price target for the company in a research note on Saturday, August 4th. Finally, ValuEngine upgraded Radware from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 2nd. One investment analyst has rated the stock with a sell rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $29.00.

NASDAQ RDWR opened at $25.92 on Monday. Radware has a twelve month low of $16.21 and a twelve month high of $28.50. The stock has a market cap of $1.15 billion, a P/E ratio of -216.00, a price-to-earnings-growth ratio of 9.40 and a beta of 0.99.

Large investors have recently made changes to their positions in the business. BlackRock Inc. increased its stake in Radware by 24.0% during the first quarter. BlackRock Inc. now owns 505,806 shares of the information technology services provider’s stock worth $10,799,000 after acquiring an additional 97,844 shares during the last quarter. US Bancorp DE increased its stake in Radware by 13.1% during the second quarter. US Bancorp DE now owns 23,407 shares of the information technology services provider’s stock worth $591,000 after acquiring an additional 2,715 shares during the last quarter. Swiss National Bank increased its stake in Radware by 5.6% during the first quarter. Swiss National Bank now owns 76,900 shares of the information technology services provider’s stock worth $1,642,000 after acquiring an additional 4,100 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in Radware by 17.0% during the second quarter. BlueMountain Capital Management LLC now owns 36,413 shares of the information technology services provider’s stock worth $921,000 after acquiring an additional 5,294 shares during the last quarter. Finally, Cavalier Investments LLC acquired a new stake in Radware during the first quarter worth about $357,000. Institutional investors own 62.31% of the company’s stock.

About Radware

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in virtual, cloud, and software defined data centers worldwide. The company offers application and network security solutions, such as 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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Earnings History and Estimates for Radware (NASDAQ:RDWR)

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