Radware Earnings: Here’s Why Investors are Buying Shares Now
Radware Ltd. (NASDAQ:RDWR) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 4.1%.
Radware Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25% to $0.15 in the quarter versus EPS of $0.20 in the year-earlier quarter.
Revenue: Rose 0.18% to $45.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Radware Ltd. reported adjusted EPS income of $0.15 per share. By that measure, the company missed the mean analyst estimate of $0.16. It missed the average revenue estimate of $45.64 million.
Quoting Management: “Despite lower than expected quarterly revenues, we continue to see a long term strong market need for delivering and securing applications across enterprise, carrier and cloud data centers. We believe we will be able to translate the growth in mobile data, cyber threats and attacks, and cloud computing to revenue growth in 2013,” stated Roy Zisapel, president and chief executive officer.
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