Q1 2019 Earnings Forecast for Radware Ltd. Issued By Dougherty & Co (RDWR)

Radware Ltd. (NASDAQ:RDWR) – Analysts at Dougherty & Co issued their Q1 2019 earnings estimates for shares of Radware in a note issued to investors on Thursday, February 7th. Dougherty & Co analyst C. Trebnick expects that the information technology services provider will earn $0.05 per share for the quarter. Dougherty & Co also issued estimates for Radware’s FY2019 earnings at $0.28 EPS.

Radware (NASDAQ:RDWR) last issued its quarterly earnings results on Wednesday, February 6th. The information technology services provider reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $63.82 million during the quarter, compared to analysts’ expectations of $63.28 million. Radware had a return on equity of 3.88% and a net margin of 5.01%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share.

A number of other brokerages have also recently commented on RDWR. Zacks Investment Research upgraded Radware from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a research report on Saturday, November 10th. Oppenheimer set a $30.00 price target on Radware and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Berenberg Bank started coverage on Radware in a research report on Thursday, November 29th. They issued a “buy” rating and a $30.00 price target for the company. TheStreet upgraded Radware from a “c+” rating to a “b” rating in a research report on Thursday, February 7th. Finally, BidaskClub upgraded Radware from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.00.

Shares of RDWR opened at $24.10 on Monday. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 83.10, a P/E/G ratio of 4.02 and a beta of 0.85. Radware has a 52 week low of $20.12 and a 52 week high of $28.50.

Several large investors have recently added to or reduced their stakes in RDWR. Virtu Financial LLC purchased a new stake in shares of Radware during the third quarter worth about $261,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Radware during the third quarter worth about $292,000. Verition Fund Management LLC purchased a new stake in shares of Radware during the third quarter worth about $305,000. AMP Capital Investors Ltd purchased a new stake in shares of Radware during the third quarter worth about $378,000. Finally, Vanguard Group Inc grew its position in shares of Radware by 8.3% during the third quarter. Vanguard Group Inc now owns 15,867 shares of the information technology services provider’s stock worth $420,000 after purchasing an additional 1,214 shares in the last quarter. Hedge funds and other institutional investors own 67.18% of the company’s stock.

Radware Company Profile

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.

Further Reading: Liquidity

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