How High Can Radware Fly?

How it got here Many networking infrastructure plays have been raking it in from the migration to cloud computing, including Radware and its application delivery and network security offerings.

The Israel-based company reported fourth quarter revenues just two months ago. Radware reported record quarterly revenue of $45.1 million, a 15% increase over the prior year. Full-year sales grew 16% to $167 million. Non-GAAP revenues per share for the quarter came in at $0.42. The bottom line was ahead of the Street consensus, which called for $0.36 per share in profit.

Fellow application delivery specialist F5 Networks just reported its latest quarter, delivering strong results that spelled good news as the clear leader within the sector.

What's then Radware is as well preparing to announce its first-quarter results on Tuesday, and it may have good news considering F5's strong report. Analysts expect revenue to be about $44.2 million with revenues per share of $0.36. We'll see then and there week if Radware can justify its high P/E ratio.

Updated 57 minutes ago 4/27/2012 5:26:00 PM +00:00 As the U.S. government and businesses cut back on spending in the first three months of the year, the American consumer came through.