Radware (NASDAQ:RDWR - Get Free Report) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 0.230-0.240 for the period, compared to the consensus earnings per share estimate of 0.220. The company issued revenue guidance of $71.0 million-$72.0 million, compared to the consensus revenue estimate of $70.7 million. Radware also updated its Q4 guidance to $0.23-0.24 EPS.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on RDWR shares. Barclays increased 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. StockNews.com upgraded shares of Radware from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of Radware in a research report on Wednesday, July 31st.
Read Our Latest Stock Analysis on Radware
Radware Trading Up 1.4 %
Radware stock traded up $0.32 during mid-day trading on Thursday, reaching $22.51. The company had a trading volume of 257,935 shares, compared to its average volume of 288,104. The business has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $20.04. The company has a market cap of $997.35 million, a P/E ratio of -47.48 and a beta of 0.97. Radware has a fifty-two week low of $13.53 and a fifty-two week high of $24.34.
Radware (NASDAQ:RDWR - Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The information technology services provider reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $67.28 million during the quarter, compared to the consensus estimate of $66.10 million. Radware had a negative net margin of 4.73% and a negative return on equity of 0.72%. Research analysts forecast that Radware will post 0.16 EPS for the current year.
About Radware
(
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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.
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