Radware Ltd. (NASDAQ: RDWR), the global leader in integrated application delivery solutions that assure the full availability, maximum performance, and complete security of business-critical applications for nearly 10,000 enterprises and carriers worldwide, recently announced that the company raised its guidance for the fourth quarter of 2009.
Radware expects record-level quarterly revenues in the range of approximately $31 million to $32 million in the fourth quarter, higher than the previous guidance of $30 million. Earnings per share on a non-GAAP basis for the fourth quarter is also expected to increase and is currently anticipated in the range of 19 to 21 cents per diluted share, compared to 15 to 16 cents per share as previously indicated.
Roy Zisapel, CEO Radware, stated, “We are pleased to report continued momentum in our business with yet another record quarter of sales.” Mr. Zisapel addedd, “This continued sales growth coupled with our industry-high gross margins allows us to increase our operational profitability significantly.”
Let us hear your thoughts below: