Expects Record Revenues
Radware (NASDAQ: RDWR), the leading provider of integrated application delivery solutions for business-smart networking, today raised its guidance for the fourth quarter of 2009. The company anticipates quarterly revenues to be at a record level, of approximately $31 million to $32 million, higher than the previous guidance of $30 million stated by executive management during the third quarter 2009 earnings call. EPS on a Non-GAAP basis is also expected to increase and is now estimated at 19-21 cents per diluted share vs. 15-16 cents per share as previously indicated.
“We are pleased to report continued momentum in our business with yet another record quarter of sales,” stated Roy Zisapel, CEO Radware. “This continued sales growth coupled with our industry-high gross margins allows us to increase our operational profitability significantly.”
About Radware
Radware (NASDAQ:RDWR), the global leader in integrated application delivery solutions, assures the full availability, maximum performance, and complete security of business-critical applications for nearly 10,000 enterprises and carriers worldwide. With APSolute®, Radware’s comprehensive and award-winning suite of application delivery and network security products, companies in every industry can drive business productivity, improve profitability, and reduce IT operating and infrastructure costs by making their networks “business smart”. For more information, please visit www.radware.com.
This press release may contain forward-looking statements that are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, general business conditions in the Application Switching or Network Security industry, changes in demand for Application Switching or Network Security products, the timing and amount or cancellation of orders and other risks detailed from time to time in Radware's filings with the Securities and Exchange Commission, including Radware's Form 20-F.