Radware Q1 Adj $0.16 Beats $0.13 Estimate, Sales $65.08M Beat $63.43M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radware (NASDAQ:RDWR) exceeded Q1 earnings and sales forecasts, reporting earnings of $0.16 per share against an estimate of $0.13, and sales of $65.08M against an estimate of $63.43M. This represents a 14.29% increase in earnings per share over the same period last year, though sales saw a 5.73% decrease from the previous year.
May 08, 2024 | 10:01 am
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POSITIVE IMPACT
Radware surpassed Q1 earnings and sales expectations, indicating a positive performance trend despite a slight decrease in sales compared to last year.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both fronts for Radware suggests a strong performance, which is likely to be viewed favorably by investors. Despite the year-over-year decrease in sales, the earnings growth and beat on expectations are the more immediate factors that investors will likely focus on, potentially leading to a short-term uptick in RDWR's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100