Imperial Capital Weighs in on Radware Ltd.’s FY2018 Earnings (RDWR)

Radware Ltd. (NASDAQ:RDWR) – Analysts at Imperial Capital decreased their FY2018 earnings per share (EPS) estimates for Radware in a research report issued on Tuesday. Imperial Capital analyst M. Kim now forecasts that the information technology services provider will earn ($0.04) per share for the year, down from their previous estimate of ($0.03).

Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $55.93 million. Radware had a negative return on equity of 1.80% and a negative net margin of 3.55%. Radware’s revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 earnings per share.

A number of other research firms have also recently issued reports on RDWR. Barclays set a $24.00 price objective on Radware and gave the company a “buy” rating in a research report on Wednesday. Needham & Company LLC lifted their price objective on Radware from $23.00 to $24.50 and gave the company a “buy” rating in a research report on Thursday. Dougherty & Co reissued a “buy” rating and set a $24.00 price objective (up previously from $22.00) on shares of Radware in a research report on Thursday, February 1st. BidaskClub cut Radware from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Finally, Zacks Investment Research raised Radware from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. Radware has an average rating of “Buy” and a consensus price target of $22.07.

Radware (RDWR) traded down $0.01 on Friday, reaching $20.64. The company had a trading volume of 91,888 shares, compared to its average volume of 173,965. The firm has a market capitalization of $900.03, a PE ratio of -129.06, a price-to-earnings-growth ratio of 51.56 and a beta of 1.00. Radware has a 52-week low of $15.13 and a 52-week high of $21.26.

Large investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of Radware by 122.8% in the second quarter. JPMorgan Chase & Co. now owns 92,463 shares of the information technology services provider’s stock worth $1,622,000 after buying an additional 50,955 shares during the last quarter. Granahan Investment Management Inc. MA boosted its stake in shares of Radware by 4.2% during the 3rd quarter. Granahan Investment Management Inc. MA now owns 128,028 shares of the information technology services provider’s stock worth $2,159,000 after buying an additional 5,116 shares during the last quarter. Swiss National Bank boosted its stake in shares of Radware by 11.8% during the 2nd quarter. Swiss National Bank now owns 72,800 shares of the information technology services provider’s stock worth $1,277,000 after buying an additional 7,700 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Radware by 12.9% during the 3rd quarter. Wells Fargo & Company MN now owns 61,953 shares of the information technology services provider’s stock worth $1,045,000 after buying an additional 7,076 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Radware during the 3rd quarter worth about $507,000. 61.44% of the stock is owned by institutional investors.

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Radware Company Profile

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.

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