This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Radware Beats, Returns to Profitability

Stocks in this article: RDWR

TEL AVIV, Israel ( TheStreet) -- Networking specialist Radware (RDWR) beat analysts' earnings and sales estimates Monday, as the company returned to profitability with its second-quarter results.

Radware, which recently bought Nortel's (NT) Alteon switch business, reported revenue of $27.1 million, up from $24 million in the same period last year, and above analysts' estimate of $25.11 million.

Excluding charges, Radware earned 4 cents a share on net income of $800,000, compared to a net loss of 25 cents a share and $5 million in the same period last year. Analysts surveyed by Thomson Reuters had expected a loss of 4 cents a share.

"This is an indicator of the strength of our company's execution during a difficult economic climate, and, with the addition of the Alteon business, we further believe we have a solid platform for continued growth," said Radware CEO Roy Zisapel in a statement.

On a GAAP basis Radware posted a net loss of 9 cents a share on a loss of $1.7 million, although this narrowed significantly from losses of 36 cents a share and $7.1 million in the same period last year.

Radware makes application delivery and network security products, and is one of a number of firms touting technology for tackling potentially debilitating cyber attacks.

The Tel Aviv, Israel-based firm, which competes with Cisco (CSCO) , Citrix (CTXS) and F5 Networks (FFIV) , ended the first quarter with overall cash of $114.7 million, up $600,000 from the prior quarter.

"We expect higher and better results next quarter," said Zisapel, during a conference call before the marked opened. The networking firm expects sales between $27.3 million and $27.7 million and earnings between 5 cents and 6 cents a share. Analysts surveyed by Thomson Reuters had expected revenue of $25.86 million and a loss of 1 cent a share.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs