Revenue Update on Radware Ltd.(NASDAQ:RDWR)

Radware Ltd.(NASDAQ:RDWR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $49.59M. Analysts estimated a revenue of $49.57M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.05.

Radware Ltd. (RDWR) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -0.65% at a volume of 1,48,592. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.36. The peak price level was also seen at $12.36 while the days lowest was $12.08. Finally the shares closed at $12.31. The 52-week high of the shares is $20.1 while the 52-week low is $9.98. According to the latest information available, the market cap of the company is $551 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.

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