Radware Ltd. (RDWR) Misses Q4 EPS by 1c

Radware Ltd. (NASDAQ: RDWR) reported Q4 EPS of $0.23, $0.01 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $67.4 million versus the consensus estimate of $67.46 million.

Fourth Quarter 2019 Results and Financial Highlights

• Record Revenues of $67.4 million, up 6% from the fourth quarter of 2018
• Non-GAAP operating income and margin of $9.5 million and 14%, respectively
• Non-GAAP EPS of $0.23; GAAP EPS of $0.15

“We are pleased with our performance in the fourth quarter, with record quarterly bookings and revenues,” said Roy Zisapel, Radware’s President & CEO. “Radware today is at a stronger financial, technological and competitive position than it has ever been. The intensity and complexity of the cyber-attacks landscape continue to drive demand for managed security services and strong growth in our cloud and subscriptions business. We look forward to continuing to bring value to our customers as we address additional cyber security challenges, while delivering growth and profitability.”

For earnings history and earnings-related data on Radware Ltd. (RDWR) click here.

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