Radware (NASDAQ:RDWR) Issues Q3 Earnings Guidance

Radware (NASDAQ:RDWRGet Rating) issued an update on its third quarter earnings guidance on Monday morning. The company provided EPS guidance of $0.15-0.18 for the period, compared to the consensus EPS estimate of $0.23. The company issued revenue guidance of $73.5-75 million, compared to the consensus revenue estimate of $79.79 million.

Radware Price Performance

Radware stock traded down $0.86 during midday trading on Tuesday, reaching $22.04. The company had a trading volume of 7,111 shares, compared to its average volume of 186,366. The company has a market capitalization of $997.31 million, a P/E ratio of 139.07, a P/E/G ratio of 48.30 and a beta of 1.06. Radware has a 12-month low of $20.55 and a 12-month high of $42.19. The firm’s fifty day simple moving average is $22.61 and its 200-day simple moving average is $27.72.

Radware (NASDAQ:RDWRGet Rating) last issued its quarterly earnings results on Monday, August 8th. The information technology services provider reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $75.10 million during the quarter, compared to analysts’ expectations of $75.68 million. Radware had a net margin of 2.62% and a return on equity of 5.79%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. On average, analysts expect that Radware will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Needham & Company LLC reissued a hold rating on shares of Radware in a research note on Monday. StockNews.com lowered shares of Radware from a strong-buy rating to a buy rating in a research note on Thursday, August 4th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RDWR. Advisor Group Holdings Inc. increased its holdings in shares of Radware by 53.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,208 shares of the information technology services provider’s stock worth $40,000 after buying an additional 419 shares during the last quarter. Vident Investment Advisory LLC acquired a new stake in shares of Radware during the 1st quarter worth approximately $288,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Radware during the 1st quarter worth approximately $643,000. Vanguard Group Inc. increased its holdings in shares of Radware by 19.8% during the 1st quarter. Vanguard Group Inc. now owns 27,746 shares of the information technology services provider’s stock worth $887,000 after buying an additional 4,591 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of Radware by 8.1% during the 1st quarter. UBS Group AG now owns 34,004 shares of the information technology services provider’s stock worth $1,087,000 after buying an additional 2,556 shares during the last quarter. 76.78% of the stock is owned by hedge funds and other institutional investors.

About Radware

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Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application.

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