{ "market" : {"NAME" : "U.S.", "ID" : "us_market", "TZ" : "ET", "TZOFFSET" : "-18000", "open" : "1259159418", "close" : "1259182818", "flags" : {}} , "STREAMER_SERVER" : "http://streamerapi.finance.yahoo.com","arrowAsChangeSign" : false,"throttleInterval": "1000"}
ap

Radware boosts 3Q earnings, sales estimates

Radware boosts 3rd-quarter estimates for earnings, revenue; shares climb

  • On 2:14 pm EDT, Tuesday October 6, 2009

NEW YORK (AP) -- Radware Ltd. hiked its third-quarter earnings and revenue forecast Tuesday, citing sales growth and cost-cutting moves.

The Israeli maker of network management software projected adjusted earnings of 9 cents to 10 cents per share, up from a previous forecast of 5 cents to 6 cents per share.

The company expects revenue of $28.8 million to $29 million, compared with a previous estimate of $27.3 million to $27.7 million.

On average, analysts project earnings of 6 cents per share on sales of $27.8 million, according to a Thomson Reuters survey.

"The growth in sales, with our high gross margins and cost control efforts has ... resulted in a significant increase in our profitability," CEO Roy Zisapel said in a statement.

The company's stock rose 37 cents, or 3.3 percent, to $11.44 in afternoon trading.

Related Headlines

Related Blog Headlines

Top Stories

Related Message Boards

Sponsored Links

Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.