Radware Ltd. (NASDAQ: RDWR), which makes network management software, lifted its fourth-quarter financial guidance on Monday, causing its share to skyrocket.
The Israeli company said it now expects to earn an adjusted 19 cents to 21 cents per share on $31 million to $32 million in revenue. The company previously forecast 15 to 16 cents per share on $30 million in revenue.
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Analysts surveyed by Thomson Reuters are calling for a smaller 15 cents per share on revenue of $30 million, on average. Such estimates are typically adjusted to exclude one-time items.
Shares of Radware rose 67 cents, or 4.7 percent, to $14.89 in morning trading. Earlier in the session, the stock hit a two-year high of $15.49.
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