Radware Future Growth

Future criteria checks 4/6

Radware is forecast to grow earnings and revenue by 61.6% and 7% per annum respectively while EPS is expected to grow by 69.5% per annum.

Key information

61.6%

Earnings growth rate

69.5%

EPS growth rate

Software earnings growth	40.4%
Revenue growth rate	7.0%
Future return on equity	n/a
Analyst coverage	Low
Last updated	24 Dec 2024

Recent future growth updates

No updates

Recent updates

No updates

Earnings and Revenue Growth Forecasts

DB:RWA - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	313	11	48	72	4
12/31/2025	291	10	42	66	4
12/31/2024	273	7	64	74	4
9/30/2024	267	-2	56	62	N/A
6/30/2024	259	-12	32	37	N/A
3/31/2024	257	-20	13	19	N/A
12/31/2023	261	-22	-9	-3	N/A
9/30/2023	270	-20	-3	3	N/A
6/30/2023	279	-16	7	15	N/A
3/31/2023	289	-7	33	41	N/A
12/31/2022	293	0	23	32	N/A
9/30/2022	296	-2	43	52	N/A
6/30/2022	299	6	60	68	N/A
3/31/2022	293	8	39	45	N/A
12/31/2021	286	8	66	72	N/A
9/30/2021	279	16	55	61	N/A
6/30/2021	268	15	44	50	N/A
3/31/2021	257	11	52	59	N/A
12/31/2020	250	10	55	64	N/A
9/30/2020	248	14	41	50	N/A
6/30/2020	249	18	54	63	N/A
3/31/2020	251	21	42	50	N/A
12/31/2019	252	23	45	53	N/A
9/30/2019	249	23	64	75	N/A
6/30/2019	244	19	53	63	N/A
3/31/2019	241	17	52	61	N/A
12/31/2018	234	12	40	49	N/A
9/30/2018	229	6	25	32	N/A
6/30/2018	223	1	N/A	29	N/A
3/31/2018	217	-4	N/A	37	N/A
12/31/2017	211	-7	N/A	31	N/A
9/30/2017	205	-12	N/A	47	N/A
6/30/2017	198	-13	N/A	40	N/A
3/31/2017	197	-10	N/A	36	N/A
12/31/2016	197	-9	N/A	38	N/A
9/30/2016	200	-2	N/A	31	N/A
6/30/2016	201	1	N/A	30	N/A
3/31/2016	208	9	N/A	36	N/A
12/31/2015	217	19	N/A	39	N/A
9/30/2015	222	23	N/A	46	N/A
6/30/2015	231	31	N/A	N/A	N/A
3/31/2015	228	27	N/A	N/A	N/A
12/31/2014	222	25	N/A	52	N/A
9/30/2014	214	22	N/A	N/A	N/A
6/30/2014	205	17	N/A	N/A	N/A
3/31/2014	199	18	N/A	N/A	N/A
12/31/2013	193	18	N/A	30	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: RWA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1%).

Earnings vs Market: RWA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: RWA is expected to become profitable in the next 3 years.

Revenue vs Market: RWA's revenue (7% per year) is forecast to grow faster than the German market (5.7% per year).

High Growth Revenue: RWA's revenue (7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if RWA's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/25 17:18
End of Day Share Price	2024/12/23 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

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Analyst Sources

Radware Ltd. is covered by 22 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Joseph Wolf	Barclays
Tavy Rosner	Barclays
Andrew Smith	Berenberg