Radware Ltd. (RDWR) reported quarterly earnings results on Tuesday, Jul-26-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $49.60 million in the period, compared to analysts expectations of $49.46 million. The company’s revenue was down -11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.
Many Wall Street Analysts have commented on Radware Ltd.. Shares were Reiterated by Needham on May 4, 2016 to “Buy” and Lowered the Price Target to $ 14 from a previous price target of $15 .
Radware Ltd. opened for trading at $12.28 and hit $12.5 on the upside on Wednesday, eventually ending the session at $12.49, with a gain of 2.21% or 0.27 points. The heightened volatility saw the trading volume jump to 1,05,470 shares. Company has a market cap of $559 M.
Radware Ltd. develops manufactures and sells application delivery and application security solutions to provide end-to-end availability performance and security of business-critical network applications. The Company’s solutions include: Application delivery which includes application delivery controller (ADC) and server load balancing solutions that provide ADC instance per application integrate Web performance optimization (WPO) for application acceleration application performance monitoring (APM) multi homing link load balancing Web application firewall to safeguard applications against cyber-attacks and Defense Messaging signaling to its Attack Mitigation Solutions (AMS) and Application and Network Security solution which consists of security offering for data center applications is focused on attack detection and mitigation in order to maintain service availability and service level even when the application infrastructure is under attack.