This Day On The Street
Continue to site
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

Radware Beats, Returns to Profitability

TEL AVIV, Israel ( TheStreet) -- Networking specialist Radware (RDWR - Get Report) 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 - Get Report) , Citrix (CTXS) and F5 Networks (FFIV - Get Report) , 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

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CSCO $22.93 0.17%
CTRX $61.45 0.03%
FFIV $88.18 -2.26%
RDWR $10.59 -3.20%
AAPL $95.01 1.05%


Chart of I:DJI
DOW 16,027.05 -177.92 -1.10%
S&P 500 1,853.44 -26.61 -1.42%
NASDAQ 4,283.7530 -79.3910 -1.82%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs