Radware Ltd. (RDWR) – Economic factors affecting growth

Radware Ltd. (RDWR) (Q2FY23)

Stock Performance: Radware stock price was trading in a downtrend during the past 3-month period and with a negative return of -15%. The stock price was trading on a downtrend from Oct-22 to Sep-23 from $21.95 to $16.62 and gave negative returns of -24%. The stock has a 52-week high of $23.46 and its 52-week low is $14.96. The stock has been in a downtrend since Nov-21 and gave returns of – 33% for the 3-year period.

Quarter Performance : In Q2FY23, RDWR’s revenue increased by -13% to $65.6mn from $75.1bn in Q2FY22 and the COGS decreased by -8% to $12.7mn from $13.9mn in the same period previous year

Guidance: For Q2FY23, the company is expecting the revenue to be in the range of $61 million to $64 million. RDWR expects Q2FY23 non-GAAP operating expenses to be between $51 million and $52.5 million & non-GAAP diluted net earnings per share to be between $0.06 and $0.12.

Highlights

RDWR is currently navigating a complex business landscape influenced by broader economic factors. Although they have experienced a surge in emergency onboarding to their cloud platform, this boost may prove short-lived. As the cloud security market matures, organizations are increasingly inclined to adopt security solutions proactively, rather than waiting for cyberattacks to occur.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 31

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