Radware (NASDAQ:RDWR) Issues Q4 Earnings Guidance

Radware (NASDAQ:RDWR) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.23-0.24 for the period, compared to the consensus earnings per share estimate of $0.22. The company issued revenue guidance of $71-72 million, compared to the consensus revenue estimate of $70.56 million. Radware also updated its Q4 2024 guidance to 0.230-0.240 EPS.

Radware Price Performance

RDWR traded down $0.82 during trading on Friday, reaching $21.69. The company had a trading volume of 211,531 shares, compared to its average volume of 162,202. The business’s fifty day moving average price is $22.01 and its 200 day moving average price is $20.12. Radware has a 12 month low of $14.19 and a 12 month high of $24.34. The company has a market cap of $910.76 million, a P/E ratio of -361.44 and a beta of 0.97.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share for the quarter. The company had revenue of $67.28 million during the quarter, compared to analysts’ expectations of $66.10 million. Radware had a negative net margin of 0.85% and a positive return on equity of 1.43%. As a group, sell-side analysts predict that Radware will post 0.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on RDWR shares. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Needham & Company LLC restated a “hold” rating on shares of Radware in a research note on Wednesday, July 31st. Finally, Barclays raised their target price on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday.

About Radware

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.