- Radware’s adjusted earnings per share (EPS) for Q2 is 28 cents, surpassing last year’s 20 cents and exceeding the estimate of 27 cents.
- Revenue for Q2 stands at $74.2 million, representing a 10% increase year-over-year, and beating the estimated $73.6 million.
- Adjusted operating income saw a significant increase of 52% year-over-year, reaching $9.53 million, compared to the estimate of $8.73 million.
- Total assets increased by 9.5% year-over-year, amounting to $658.5 million, surpassing the estimated $556 million.
- Net cash provided by operating activities decreased by 37% year-over-year, totaling $14.5 million, which is below the estimated $17.3 million.
- Radware’s President and CEO, Roy Zisapel, commented that the company’s strong performance was due to successful business strategy execution, highlighting a 21% growth in cloud annual recurring revenue (ARR).
- Market analysts have issued 2 buy ratings, 3 hold ratings, and no sell ratings for the company’s stock.
A look at Radware Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Looking at the Smartkarma Smart Scores for Radware, the company seems to have a positive long-term outlook. With a high Growth score of 4, Radware is positioned well for future expansion and development in the cyber security industry. Its Resilience and Momentum scores are also strong at 4 each, indicating that the company is able to withstand challenges and has good market traction. Although it has lower scores for Value and Dividend at 2 and 1 respectively, its overall outlook appears promising.
Radware Ltd. is a company specializing in cyber security solutions, providing application delivery and security services for virtual, cloud, and software-defined data centers to customers worldwide. With a solid Growth score of 4 and strong Resilience and Momentum scores, Radware is likely to continue its growth trajectory in the future despite its lower scores in Value and Dividend areas. Investors may view Radware as a growth-oriented company with potential in the evolving cyber security market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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