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

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

Radware Stock Performance

Shares of NASDAQ RDWR traded up $0.74 during mid-day trading on Wednesday, reaching $23.97. The company had a trading volume of 161,389 shares, compared to its average volume of 120,034. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -400.02 and a beta of 0.96. The stock has a fifty day moving average of $22.49 and a two-hundred day moving average of $22.29. Radware has a 12-month low of $16.12 and a 12-month high of $25.00.

Analysts Set New Price Targets

Several brokerages have commented on RDWR. Needham & Company LLC reiterated a “hold” rating on shares of Radware in a report on Friday, January 17th. Barclays raised their price objective on shares of Radware from $23.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st.

About Radware

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.