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Will Radware (RDWR) Gain on Rising Earnings Estimates?
RDWRRadware(RDWR) zacks.com·2024-05-21 17:20

Core Viewpoint - Radware (RDWR) is showing solid improvement in earnings estimates, which may lead to continued stock price momentum [1][2] Earnings Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Radware's earnings prospects, which is expected to positively impact its stock price [2] - Current-quarter earnings estimate is 0.17pershare,representinga+700.17 per share, representing a +70% change from the previous year, with a 100% increase in the Zacks Consensus Estimate over the last 30 days [5] - For the full year, the earnings estimate is 0.73 per share, indicating a +69.77% change from the year-ago figure, with a 260% increase in the consensus estimate over the past month [6] Zacks Rank - Radware has earned a Zacks Rank 2 (Buy), indicating a favorable outlook based on the positive estimate revisions [8] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8] Stock Performance - Radware's stock has increased by 21.4% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [9]