Radware (NAS: RDWR) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Radware met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged. Non-GAAP earnings per share shrank significantly. GAAP earnings per share contracted significantly.
Gross margins were steady, operating margins dropped, net margins dropped.
Radware reported revenue of $45.1 million. The seven analysts polled by S&P Capital IQ expected sales of $45.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.15. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.15 per share. Non-GAAP EPS of $0.15 for Q1 were 25% lower than the prior-year quarter's $0.20 per share. GAAP EPS of $0.10 for Q1 were 33% lower than the prior-year quarter's $0.15 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 81.0%, much about the same as the prior-year quarter. Operating margin was 9.1%, 480 basis points worse than the prior-year quarter. Net margin was 9.9%, 540 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $47.1 million. On the bottom line, the average EPS estimate is $0.16.
Next year's average estimate for revenue is $192.2 million. The average EPS estimate is $0.72.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 102 members out of 116 rating the stock outperform, and 14 members rating it underperform. Among 27 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give Radware a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Radware is outperform, with an average price target of $21.08.
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The article Golf Clap for Radware originally appeared on Fool.com.
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