Brokers Issue Forecasts for Radware Ltd.’s Q2 2018 Earnings (RDWR)
Radware Ltd. (NASDAQ:RDWR) – Stock analysts at Jefferies Group decreased their Q2 2018 earnings per share estimates for shares of Radware in a note issued to investors on Wednesday. Jefferies Group analyst G. Notter now expects that the information technology services provider will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.03.
Radware (NASDAQ:RDWR) last issued its earnings results on Wednesday, February 7th. The information technology services provider reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.02. Radware had a negative net margin of 3.55% and a negative return on equity of 1.77%. The company had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $55.93 million. During the same period last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 13.2% compared to the same quarter last year.
Radware (NASDAQ:RDWR) opened at $21.01 on Monday. Radware has a 1-year low of $15.13 and a 1-year high of $21.26.
Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC grew its position in shares of Radware by 33.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,186,300 shares of the information technology services provider’s stock valued at $23,014,000 after purchasing an additional 298,900 shares during the last quarter. ARK Investment Management LLC acquired a new stake in shares of Radware in the fourth quarter valued at approximately $288,000. Quadrature Capital Ltd acquired a new stake in shares of Radware in the fourth quarter valued at approximately $259,000. BlackRock Inc. grew its position in shares of Radware by 24.1% in the fourth quarter. BlackRock Inc. now owns 407,962 shares of the information technology services provider’s stock valued at $7,915,000 after purchasing an additional 79,326 shares during the last quarter. Finally, First Trust Advisors LP grew its position in shares of Radware by 46.2% in the fourth quarter. First Trust Advisors LP now owns 119,466 shares of the information technology services provider’s stock valued at $2,318,000 after purchasing an additional 37,767 shares during the last quarter. Institutional investors and hedge funds own 61.45% of the company’s stock.
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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