TEL AVIV, Israel – Radware Ltd. (NASDAQ:RDWR), a leading provider of cyber security and application delivery solutions, has scheduled a conference call to discuss its financial results for the fourth quarter and full year of 2024. The call is set to take place on Tuesday, February 5, 2025. According to InvestingPro data, the company maintains strong financial health with impressive gross profit margins of over 80% and more cash than debt on its balance sheet.
In a press release statement, Radware announced that the conference call is slated for later this month, inviting investors and analysts to join the discussion about the company's performance. While the announcement did not disclose the financial figures, InvestingPro analysis shows that three analysts have recently revised their earnings upwards, and the company's stock has delivered a strong 39% return over the past year. The upcoming earnings release will provide stakeholders with insights into the company's earnings and operational progress.
The scheduling of this call follows the standard practice for public companies to report quarterly and annual results, offering a transparent analysis of financial health and business strategy. It will be an opportunity for Radware to present its achievements and address the challenges faced in the 2024 fiscal year.
Radware, headquartered in Tel Aviv with a business address in Mahwah, New Jersey, is known for its services in the business services sector, specifically in cyber security. The upcoming earnings call will likely include discussions on revenue, net income, and other key financial metrics, as well as an overview of market performance and future outlook.
In other recent news, Radware, a global leader in cybersecurity and application delivery solutions, reported a robust growth for the third quarter of 2024. The company's revenue saw a 13% year-over-year increase, reaching $69.5 million, while non-GAAP earnings per share (EPS) significantly increased to $0.23, up from $0.07 in the same quarter of the previous year. The cloud security business was a major growth driver, with cloud Annual Recurring Revenue (ARR) rising by 15% to $71.6 million.
Recent developments indicate a positive outlook for Radware's fourth quarter of 2024, with revenue projections between $71 million and $72 million and non-GAAP diluted EPS expected to be between $0.23 and $0.24. Despite softer demand from service providers in North America, the company secured a significant cloud DDoS deal with a major U.S. communication provider and reported strong performance from OEM partners, including Cisco (NASDAQ:CSCO) and Check Point.
The company's strategic investments in sales and marketing, and the ongoing upgrades to cloud scrubbing centers, are seen as key factors to sustain growth. While the future growth opportunities, including security MSSP and 5G deployments, are also being eyed optimistically by the company.
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