Radware (NASDAQ:RDWR) Releases Q4 Earnings Guidance

Radware (NASDAQ:RDWR) 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) 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.

Radware Company Profile

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.