Network security and optimization solutions developer Radware Ltd. (Nasdaq: RDWR) today raised its guidance for the third quarter of 2009. The company raised its quarterly revenue guidance to what will be a record $28.8-29 million, compared with its previous guidance of $27.3-27.7 million.
The company also raised Non-GAAP EPS guidance from $0.09-0.10 cents per share, compared with its previous guidance of $0.05-$0.06 per share, nearly doubling prior profit projections.
Radware CEO Roy Zisapel said, "Despite the challenging economic conditions our business continues to grow based on our leading product offering - the OnDemand Switch platform series."
Radware's share closed at $11.07 on Nasdaq yesterday, giving a market cap of $208.88 million.
Published by Globes [online], Israel business news - www.globes-online.com - on October 6, 2009
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