Radware Ltd. (RDWR) Tops Q1 EPS by 6c, Revenues Beat

May 1, 2019 6:15 AM EDT

Radware Ltd. (NASDAQ: RDWR) reported Q1 EPS of $0.18, $0.06 better than the analyst estimate of $0.12. Revenue for the quarter came in at $61 million versus the consensus estimate of $59.46 million.

First Quarter 2019 Results and Financial Highlights

  • Revenues of $61 Million, up 13% from the first quarter of 2018
  • Non-GAAP EPS of $0.18; GAAP EPS of $0.09
  • Operating cash flow of $23 Million

“We delivered solid earnings for the quarter, exceeding our expectation for revenues, profitability, and cash generation. We are on track to meet our goals for the full year 2019. We successfully closed the ShieldSquare acquisition and are rapidly integrating the Bot Management offering into our portfolio. With a new solution for Cloud Workload Protection, we also continue to enhance and expand our solution portfolio organically. Our high-quality and comprehensive portfolio positions us to capture the market opportunities that arise from the increasing demand for cloud security services,” said Roy Zisapel, Radware President & CEO.

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

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