Beverly Hills 12/29/2009 1:43:49 AM
News / Business

Israeli Internet Traffic Company, Radware, Raises 4Q Outlook As Shares Hit Two-Year High

Finance World News Update by EQUITIES Magazine

Today Israeli company Radware Ltd (RDWR.O) bumped up its 4Q outlook, citing continued sales growth and industry-high gross margins which boosted shares up to a two-year high.

 

The company, which makes equipment to manage internet traffic, now expects earnings of 19 to 21 cents per share on a $31 to $32 million revenue for the quarter. Previously, Radware anticipated earnings of 15 to 16 cents per share on a $30 million revenue.

 

Shares were up 72 cents to $14.94 in morning trading.

 

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