Radware (NASDAQ:RDWR – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.23-0.24 for the period, compared to the consensus estimate of $0.22. The company issued revenue guidance of $71-72 million, compared to the consensus revenue estimate of $70.56 million.
Analysts Set New Price Targets
RDWR has been the subject of a number of recent analyst reports. StockNews.com raised shares of Radware from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 21st. Needham & Company LLC reissued a “hold” rating on shares of Radware in a research report on Wednesday, July 31st. Finally, Barclays raised their price target on shares of Radware from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st.
Read Our Latest Research Report on Radware
Radware Stock Performance
Radware (NASDAQ:RDWR – Get Free Report) last posted its quarterly earnings data on Wednesday, July 31st. The information technology services provider reported $0.08 EPS for the quarter. The business had revenue of $67.28 million for the quarter, compared to analyst estimates of $66.10 million. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. On average, equities research analysts anticipate that Radware will post 0.16 earnings per share for the current year.
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.
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