On Wednesday, Radware Ltd. (NASDAQ: RDWR) spotted trading -21.28% off 52-week high price. On the other end, the stock has been noted 0.95% away from the low price over the last 52-weeks. The stock changed -4.80% to recent value of $21.24. The stock transacted 246856 shares during most recent day however it has an average volume of 213.03K shares. The company has 47.9M of outstanding shares and 39.69M shares were floated in the market.
Radware® (RDWR) recently reported its consolidated financial results for the quarter and year ended December 31, 2019.
“We are happy with our performance in the fourth quarter, with record quarterly bookings and revenues,” stated Roy Zisapel, Radware’s President & CEO. “Radware recently 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 consumers as we address additional cyber security challenges, while delivering growth and profitability.”
Financial Highlights for the Full Year of 2019
Revenues for the full year of 2019 totaled $252.1M, up 8% from revenues of $234.4M for the full year of 2018:
- Revenues in the Americas region were $106.4M for the full year of 2019, up 4% from revenues of $102.5 in the full year of 2018.
- Revenues in the APAC region were $70.4M for the full year of 2019, up 25% from revenues of $56.2 in the full year of 2018.
- Revenues in the EMEA region were $75.3M for the full year of 2019, down 1% from revenues of $75.8 in the full year of 2018.
Net income on a GAAP basis for the full year of 2019 was $22.6M, or $0.47 per diluted share, contrast with net income of $11.7M, or $0.25 per diluted share, for the full year of 2018.
Non-GAAP net income for the full year of 2019 was $40.6M, or $0.84 per diluted share, contrast with non-GAAP net income of $26.0M, or $0.55 per diluted share, for the full year of 2018.
Non-GAAP results are calculated not including, as applicable, the impact of stock-based compensation expenses, amortization of intangible assets, acquisition costs, litigation costs, exchange rate differences, net on balance sheet items included in finance income, other gain adjustment and tax effect related to amortization of deferred tax liability related to intangible assets and other gain adjustment. A reconciliation of each of the Company’s non-GAAP measures to the comparable GAAP measure is included at the end of this press release.
As of December 31, 2019, the Company had cash, cash equivalents, short-term and long-term bank deposits and marketable securities of $427.7M, up from $401.1M as of December 31, 2018. Net cash provided by operating activities in the fourth quarter of 2019 totaled $4.0M. Net cash provided by operating activities in the full year of 2019 totaled $52.9M.
Its earnings per share (EPS) expected to touch remained 78.40% for this year while earning per share for the next 5-years is expected to reach at 12.80%. RDWR has a gross margin of 82.10% and an operating margin of 6.80% while its profit margin remained 9.00% for the last 12 months. According to the most recent quarter its current ratio was 1.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -8.73% from the mean of 20 days, -14.46% from mean of 50 days SMA and performed -13.02% from mean of 200 days price. Company’s performance for the week was -10.91%, -19.33% for month and YTD performance remained -17.61%.