Radware Raises Q4 Guidance - Quick Facts

(RTTNews) - Radware Ltd (RDWR), a provider of application delivery and application security solutions for virtual and cloud data centers, raised its guidance for the fourth quarter of 2013.

The company raised its fourth-quarter Non-GAAP earnings guidance to a range of $0.21-$0.22 per share from the prior estimate of $0.18-$0.19 per share.

The company now anticipates quarterly revenues to be at a level of about $53 million, higher than the previous guidance of $49.5 million to $51.0 million.

Analysts polled by Thomson Reuters expect the company to report earnings of $0.19 per share and revenues of $50.45 million for the fourth-quarter. Analysts' estimates typically exclude special items.

"The strong sales results are the outcome of continued growth in the Americas coupled with solid performance from EMEA," stated Roy Zisapel, CEO Radware.

The company said it expects to release final fourth quarter and full year 2013 results before the market open on January 28, 2014.