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Dec-28-2009Radware raises Q4 outlook, shares hit 2-yr high(topic overview)
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Radware, which makes equipment to manage traffic on the internet, now expects earnings of 19 cents to 21 cents per share on revenue of $31 million to $32 million for the quarter, it said in a statement. [1] Management projects revenue of $31 million to $32 million, higher than the previous $30 million, and earnings per share, excluding some costs, of 19 cents to 21 cents, above the previous range of 15 cents to 16 cents. [2] Previously, it forecast 15 to 16 cents per share on $30 million in revenue. [3] Analysts surveyed by Thomson Reuters are calling for a smaller 15 cents per share on revenue of $30 million, on average. Such estimates are typically adjusted to exclude one-time items. [3]
The Israeli company said it now expects to earn an adjusted 19 cents to 21 cents per share on $31 million to $32 million in revenue. [3]
EPS on a Non-GAAP basis is also expected to increase and is now estimated at 19-21 cents per diluted share vs. 15-16 cents per share as previously indicated. [4]
Shares of Radware rose 75 cents, or 5.3 percent, to $14.97 in morning trading. [3] Radware Ltd., which makes network management software, on Monday lifted its fourth-quarter financial guidance, sending shares climbing in morning trading. [3]
Dec 28 (Reuters) - Israel's Radware Ltd ( RDWR.O ) raised its fourth-quarter outlook, citing continued sales growth and industry-high gross margins, sending its shares up to a 2-year high. [1] 'We are pleased to report continued momentum in our business with yet another record quarter of sales,' stated Roy Zisapel, CEO Radware. [5] "We are pleased to report continued momentum in our business with yet another record quarter of sales. This continued sales growth coupled with our industry-high gross margins allows us to increase our operational profitability significantly." [6]
"We are pleased to report continued momentum in our business with yet another record quarter of sales," CEO Roy Zisapel said in a statement. [3]
Computer network management and security software maker Radware ( RDWR ) this morning raised its outlook for its fourth quarter, citing "continued momentum" of its business. [2] Radware (radware.com), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for nearly 10,000 enterprises and carriers worldwide. With APSolute', Radware's comprehensive and award-winning suite of application delivery and network security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks 'business smart'. [5] Radware, the leading provider of integrated application delivery solutions for business-smart networking, today raised its guidance for the fourth quarter of 2009. [5]
The company anticipates quarterly revenues to be at a record level, of approximately $31 million to $32 million, higher than the previous guidance of $30 million stated by executive management during the third quarter 2009 earnings call. [4] Radware raises Q4 EPS and rev guidance Co raises guidance for Q4 (Dec), sees EPS of $0.19-0.21, excluding non-recurring items, vs. $0.15 First Call consensus, up from $0.15-16 previously; sees Q4 (Dec) revs of $31-32 mln vs. $30.09 mln consensus, up from $30 mln previously. [6]
SOURCES
1. UPDATE 1-Radware raises Q4 outlook, shares hit 2-yr high | Reuters
2. Radware Raises Q4 Outlook - Tech Trader Daily - Barrons.com
3. Radware Boosts 4Q Outlook; Shares Hit 2-Year High - ABC News
4. Radware Raises Guidance for Q4 2009 Financial Results
5. Newswire - PR / Radware Raises Guidance for Q4 2009 Financial Results - IT Security/Anti-Spam - Radware Ltd | NewswireToday
6. Market Report -- In Play (RDWR): Briefing.com Business News - MSN Money
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