Radware Posts 28c Adjusted EPS for Third Quarter
RDWR sits 65% above its 52-week low of $21.68 on elevated volume (3.8× avg).
Summary
Radware reported third-quarter adjusted earnings of 28 cents a share, per Dow Jones Newswires, while EPS came in at 6 cents and continuing-operations EPS at 11 cents, on revenue of $84.4M. The print lands on the date the company pre-announced in its October 7 6-K, which also flagged a conference call to discuss results and Q4 guidance. Shares are trading near the 52-week high of $35.70, so expectations were already elevated going into this number. The stock is a small-cap, so a single quarter's EPS beat or miss can swing it sharply. The call is the next checkpoint — watch Q4 guidance and any update on the seven-year DDoS expansion deal with an existing global cloud customer disclosed October 27.
At the time of this announcement, RDWR was trading at $35.88 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $21.68 to $35.70. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.