Radware Beats On Q1 Earnings

  • Radware Ltd RDWR reported first-quarter FY21 revenue growth of 11% year-on-year to $67 million, exceeding the high end of the company guidance and beating analyst consensus of $64.6 million.
  • America's revenues rose 15% to $33.7 million, EMEA rose 16% to $21.1 million, while Asia-Pacific (APAC) declined 5% to $12 million.
  • Non-GAAP operating income rose 55% to $7.5 million.
  • Non-GAAP net income rose 21.2% to $8 million and adjusted EPS of $0.17, surpassed the high end of guidance and beat the analyst consensus of $0.14.
  • The company held $435.3 million in cash and equivalents and generated $16.2 million in operating cash flow.
  • Radware spent $30.2 million in share buybacks.
  • The company continues to focus on its security and cloud offerings amid an increased level of infrastructure and application attacks, CEO Roy Zisapel said.
  • Guidance: Radware will discuss the financial outlook at the earnings call today.
  • Price action: RDWR shares closed lower by 0.69% at $27.39 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsSmall CapTechMediaBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!