Followers | 145 |
Posts | 27561 |
Boards Moderated | 3 |
Alias Born | 02/07/2004 |
Sunday, April 02, 2006 10:45:54 AM
02.4.06 | 16:53 By Shirley Yom-Tov
Analysts at Merrill Lynch are warning Radware investors to expect a weak first quarter. The warning was given on Friday, when shares in the firm dropped 13% on NASDAQ.
Analysts fear that Wall Street's expectations of $ 22.4 million are too high. They estimate that while the company will the miss revenue forecast, it will still be able to report net income of $ 0.13 per share, a total of $2.6 million.
Merrill Lynch suggested that one of the reasons for missing the target was management change in the United States. Radware recently named Larry P. Marino as President of Radware Inc. its U.S. operation. While Marino comes over from telecom giant AT&T, it is possible that the upheaval resulted in lower sales.
Merrill Lynch continues to rate the shares as a "buy". Their price target of $ 23.5 implies a 34% gain this year. "Radware's position should improve in the second half of the year, so we are not changing our forecast. Radware is trading at a multiple of only 8 times forecasted revenue for 2007, so that the risks are already reflected in the price."
http://www.haaretz.com/hasen/spages/701564.html
Dubi
Recent RVSN News
- Rail Vision Seeks to Expand US Market Reach with AI- Driven Safety Systems Through Distribution Engagement • GlobeNewswire Inc. • 04/15/2024 01:21:04 PM
- Rail Vision Received $1 Million Order out of a Contract Valued at Up to $5 Million with Leading US-Based Rail and Leasing Services Company • GlobeNewswire Inc. • 04/11/2024 11:17:00 AM
- Rail Vision Wins US Order Advancing Railway Safety with AI Technology • GlobeNewswire Inc. • 04/09/2024 11:08:00 AM
- Rail Vision Receives Purchase Order from Loram, a Top US-Based Railway Track Maintenance Supplier • GlobeNewswire Inc. • 04/03/2024 01:18:00 PM
- Rail Vision Announces Fourth Quarter and Full Year 2023 Financial Results • GlobeNewswire Inc. • 03/28/2024 10:04:30 PM
- Rail Vision Received Approval from Alstom to Install the AI Main Line system on its Locomotives • GlobeNewswire Inc. • 03/26/2024 01:27:00 PM
- Rail Vision Engages with US Distributer for its AI- Driven Railway system • GlobeNewswire Inc. • 03/18/2024 01:15:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/11/2024 08:00:27 PM
- Rail Vision Received Order from a Class 1 US Railroad Company for its AI-Based Safety System • GlobeNewswire Inc. • 03/11/2024 12:58:00 PM
- Rail Vision Deploys its Groundbreaking AI Safety System in a National Railways Line • GlobeNewswire Inc. • 03/06/2024 02:07:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/29/2024 09:00:38 PM
- Rail Vision Joins NVIDIA Metropolis to Boost Railway Safety Systems • GlobeNewswire Inc. • 02/29/2024 01:47:00 PM
- Rail Vision Sets New Safety Standards for Europe: Achieves Regulatory Approval and Certificate for Railway Operation in the EU • GlobeNewswire Inc. • 02/26/2024 01:52:00 PM
- Rail Vision to Showcase its Safety AI-Driven Systems to US Railroad Leaders • GlobeNewswire Inc. • 02/22/2024 12:24:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/21/2024 09:00:10 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/20/2024 09:00:23 PM
- Rail Vision Announces First-Ever Commercial Installation of its AI-Driven Systems in a National Railways Line • GlobeNewswire Inc. • 02/20/2024 02:16:00 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/20/2024 05:15:23 AM
- Rail Vision Increases Railway Safety with its Next Generation AI Computer • GlobeNewswire Inc. • 02/12/2024 01:41:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/06/2024 09:00:12 PM
- Form F-3 - Registration statement by foreign private issuers • Edgar (US Regulatory) • 02/05/2024 09:18:42 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/05/2024 09:00:09 PM
- Rail Vision Receives Patent Approval from the Indian Patent Office • GlobeNewswire Inc. • 02/05/2024 01:50:00 PM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 02/02/2024 09:15:21 PM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM