Radware Ltd. (NASDAQ:RDWR) is reporting third quarter financial results on Wednesday 4th November 2020, before market open.
According to analysts surveyed by Thomson Reuters, RDWR is expected to report 3Q20 income of $ 0.17 per share from revenue of $ 62.13 million.
For the full year, analysts anticipate top line of $ 247.01 million, while looking forward to income of $ 0.64 per share bottom line.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.16 ~ $ 0.18 per share, while revenues are expected in a range of $ 60.00 million ~ $ 64.00 million
Full Year 2020 topline are forecasted in a range of$ 270.00 million ~ $ 270.00 million, where as bottomline are predicted in a range of $ 0.84 ~ $ 0.84 per share
Click Here For More Historical Outlooks Of Radware Ltd.
Previous Quarter Performance
Radware Ltd. communicated income for the second quarter of $ 0.13 per share, from the revenue of $ 58.45 million. The quarterly earnings declined 27.78 percent while revenues contracted 2.87 percent compared with the same quarter last year.
According to street consensus, RDWR was expected to report 2Q20 income of $ 0.12 per share from revenue of $ 57.89 million. The bottom line results beat street analysts by $ 0.01 or 8.33 percent, at the same time, top line results outshined analysts by $ 0.56 million or 0.97 percent.
Stock Performance
Shares of Radware Ltd. traded up $ 0.44 or 1.98 percent on Tuesday, reaching $ 22.64 with volume of 130.50 thousand shares. Radware Ltd. has traded high as $ 22.89 and has cracked $ 22.31 on the downward trend
According to the previous trading day, closing price of $ 22.64, representing a 38.58 % increase from the 52 week low of $ 16.02 and a 17.75 % decrease over the 52 week high of $ 26.99.
The company has a market capital of $ 1.05 billion and is part of the Technology sector and Communication Equipment industry.
Conference Call
Radware Ltd. will be hosting a conference call at 8:30 AM eastern time on 4th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.radware.com
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in physical, virtual, cloud, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack prevention device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application.
