Radware (NASDAQ:RDWR) Posts Quarterly Earnings Results, Misses Expectations By $0.12 EPS

Radware (NASDAQ:RDWR) announced its quarterly earnings results on Wednesday. The information technology services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.12), Zacks reports. Radware had a negative net margin of 0.85% and a positive return on equity of 1.41%.

Radware Stock Up 3.2 %

RDWR stock traded up $0.74 during midday trading on Wednesday, hitting $23.97. 161,389 shares of the company traded hands, compared to its average volume of 120,034. Radware has a twelve month low of $16.12 and a twelve month high of $25.00. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -400.02 and a beta of 0.96. The business has a 50 day simple moving average of $22.49 and a 200-day simple moving average of $22.29.

Wall Street Analyst Weigh In

RDWR has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a research note on Friday, January 17th. Barclays raised their price target on shares of Radware from $23.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, October 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.