Radware Ltd. (NASDAQ:RDWR) updated its third quarter earnings guidance on Monday. The company provided EPS guidance of $0.04 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.08. The company issued revenue guidance of ~$47 million, compared to the consensus revenue estimate of $51.66 million.

Several brokerages have weighed in on RDWR. Zacks Investment Research raised Radware from a hold rating to a buy rating and set a $15.00 price objective for the company in a report on Wednesday, September 28th. Imperial Capital reissued an outperform rating and set a $15.00 price objective on shares of Radware in a report on Monday, July 25th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Radware has a consensus rating of Buy and an average price target of $15.57.

Earnings History and Estimates for Radware (NASDAQ:RDWR)

Radware Ltd. (NASDAQ:RDWR) opened at 13.15 on Monday. The company has a market capitalization of $577.86 million, a price-to-earnings ratio of 692.11 and a beta of 1.22. Radware Ltd. has a 12-month low of $9.98 and a 12-month high of $16.66. The stock has a 50 day moving average price of $13.58 and a 200-day moving average price of $12.16.

Radware (NASDAQ:RDWR) last released its earnings results on Tuesday, July 26th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Radware had a net margin of 0.42% and a return on equity of 2.04%. The firm earned $49.60 million during the quarter, compared to analyst estimates of $49.57 million. During the same period last year, the business earned $0.23 earnings per share. The business’s revenue was down 11.4% on a year-over-year basis. Equities analysts predict that Radware Ltd. will post $0.33 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in RDWR. State Street Corp raised its position in Radware by 125.2% in the second quarter. State Street Corp now owns 161,375 shares of the company’s stock valued at $1,817,000 after buying an additional 89,717 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in Radware by 51.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 208,589 shares of the company’s stock valued at $2,349,000 after buying an additional 71,217 shares during the last quarter. Finally, Vanguard Group Inc. acquired a new position in Radware during the second quarter valued at about $114,000. Hedge funds and other institutional investors own 63.27% of the company’s stock.

About Radware

Radware Ltd. is a provider of cyber security and application delivery solutions. The Company’s solutions incorporate Distributed Denial of Service protection, Web application firewall (WAF) and Application Delivery Controllers (ADC) technologies to enable its customers to provide cyber-attack mitigation solutions for a range of applications.

5 Day Chart for NASDAQ:RDWR

Receive News & Stock Ratings for Radware Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radware Ltd. and related stocks with our FREE daily email newsletter.