Radware Ltd. Announces Preliminary Results for First Quarter 2013
TEL AVIV, Israel, April 5, 2013
TEL AVIV, Israel, April 5, 2013 /PRNewswire/ --
Radware® (NASDAQ: RDWR), a leading provider of application delivery and
application security solutions for virtual and cloud data centers, today
announced preliminary results for the first quarter of 2013. Revenues for the
quarter are expected to be $45 million, below the company's guidance of $48.5
million to $49.5 million. Non-GAAP EPS is expected to be $0.30 per diluted
share, compared to guidance of $0.40 to $0.43 per diluted share.
"While we realized strong sales in the U.S. market during the first quarter of
2013, the company experienced weaker than expected results in EMEA and China,"
stated Roy Zisapel, president and chief executive officer, Radware. "This
resulted in lower quarterly revenues than we anticipated."
Radware management will host an investor conference call Friday, April 5, 2013
at 08:45 am ET to discuss preliminary first quarter 2013 results and certain
other matters related to the Company's business.
The conference call will be webcast on April 5, 2013 at 8:45a.m. ET in the
"listen only" mode via the Internet at:
http://www.radware.com/Company/InvestorRelations/default.aspx and will be
available for replay during the next 30 days.
Please use the following dial-in numbers to participate:
Participants in the US call: Toll Free +1-800- 230-1085
Participants Internationally call: +1-612-234-9960
Conference ID: 288285
Please find a link to the upcoming webcast presentation on the following web
Radware (NASDAQ: RDWR) is a global leader of application delivery and
application security solutions for virtual and cloud data centers. Its
award-winning solutions portfolio delivers full resilience for
business-critical applications, maximum IT efficiency, and complete business
agility. Radware's solutions empower more than 10,000 enterprise and carrier
customers worldwide to adapt to market challenges quickly, maintain business
continuity and achieve maximum productivity while keeping costs down.For more
information, please visit http://www.radware.com.
Radware encourages you to join our community and follow us on: LinkedIn,
Radware Blog, Twitter, YouTube and the Radware Connect app for iPhone^®.
This press release may contain statements concerning Radware's future
prospects that are"forward-looking statements"under the Private Securities
Litigation Reform Act of 1995.Statements preceded by, followed by, or that
otherwise include the words "believes", "expects", "anticipates", "intends",
"estimates", "plans", and similar expressions or future or conditional verbs
such as "will", "should", "would", "may" and "could" are generally
forward-looking in nature and not historical facts. These statements are based
on current expectations and projections that involve a number of risks and
uncertainties.There can be no assurance that future results will be achieved,
and actual results could differ materially from forecasts and estimates.
These risks and uncertainties, as well as others, are discussed in greater
detail in Radware's Annual Report on Form 20-F and Radware's other filings
with the Securities and Exchange Commission.Forward-looking statements speak
only as of the date on which they are made and Radware undertakes no
commitment to revise or update any forward-looking statement in order to
reflect events or circumstances after the date any such statement is made.
Radware's public filings are available from the Securities and Exchange
Commission's website athttp://www.sec.govor may be obtained on Radware's
Chief Financial Officer
Corporate Media Relations
SOURCE Radware Ltd
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