Radware (NASDAQ:RDWR) Releases Q4 Earnings Guidance

by · The Cerbat Gem

Radware (NASDAQ:RDWR – Get Free Report) updated its fourth quarter earnings guidance on Thursday. The company provided EPS guidance of $0.23-0.24 for the period, compared to the consensus EPS 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 Stock Performance

NASDAQ:RDWR traded down $0.82 during trading hours on Friday, reaching $21.69. The stock had a trading volume of 211,531 shares, compared to its average volume of 162,202. The stock has a market cap of $910.76 million, a P/E ratio of -361.44 and a beta of 0.97. Radware has a 12-month low of $14.19 and a 12-month high of $24.34. The stock has a 50 day simple moving average of $22.01 and a 200 day simple moving average of $20.12.

Radware (NASDAQ:RDWR – Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $67.28 million for the quarter, compared to analyst estimates of $66.10 million. Radware had a negative net margin of 0.85% and a positive return on equity of 1.43%. On average, equities analysts expect that Radware will post 0.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on RDWR. StockNews.com upgraded Radware from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 21st. Barclays boosted their price objective on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Radware in a report on Wednesday, July 31st.

Get Our Latest Analysis on RDWR

Radware Company Profile

(Get Free Report)

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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