Israeli Security Systems Company
Radware
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(NYSE: RDWR) Trading on Wall Street, met analysts’ forecasts for the top and bottom line in the first quarter of 2022.
The company’s revenue was $ 73.1 million compared to about $ 66.7 million in the same quarter last year. Analysts estimate that earnings per share for the next quarter will be $ 0.19, and the company’s revenue will total about $ 75.9 million in the next quarter.
On the bottom line, the company reported $ 0.19 earnings per share compared to $ 0.17 per share in the same quarter last year. The company’s NON GAAP operating profit in the first quarter was about $ 9.6 million compared to about $ 7.4 million in the corresponding quarter last year, total operating expenses in the first quarter of the year were about $ 4 million higher than in the first quarter in 2021.
Radware reported cash flow Negative Which amounted to about $ 12.6 million compared to a positive cash flow in the corresponding quarter last year which amounted to about $ 14 million. This is the first quarter since 2019 that the company has recorded a negative overall cash flow.
In its most recent reports, the company reported fourth-quarter revenue of $ 76.6 million, 11% annual growth, above expectations of $ 75.5 million and above the upper limit of the company’s forecasts, with earnings of $ 0.22 per share, identical to expectations. Operating profit grew by 21% compared to the corresponding quarter, and was 4% above expectations. Radware posted a strong positive cash flow from operating activities of $ 29 million, against an equity purchase of $ 17 million, and increased its cash flow to $ 466 million, about $ 10 per share.
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