Before the open, leading virtualization provider Radware (RDWR) reported an earnings beat of roughly 15% reporting $.42 versus estimates of $.37. Revenue was also slightly above estimates.
Oddly though the stock originally jumped over 5%, but it has been trailing off since the open even with the market up over 1%.
The company also guided Q1 above estimates with guidance of $.35 compared to $.33 estimates. This guidance likely translates into $.37-.38 when reported.
Radware remains one of the most under followed tech stocks especially with exposure to the virtual and cloud data centers. This is possibly due to the CEO being non-promotional. The company just takes care of business and each quarter it beats estimates.
Details from the Press Release: