RDWR- 59 1/8 last print on ISLD. Seems a bit overdone, bwdik.
cbs.marketwatch.com
Radware drops after matching views
Shares ease after doubling over past 3 weeks
By Brenon Daly, CBS MarketWatch
Last Update: 6:33 PM ET Nov 3, 1999
Pulse Report
TEL AVIV, Israel (CBS.MW) -- Shares of high-flying Radware dropped
sharply Wednesday in after-hours trading after the company matched
analysts' expectations for the third quarter.
The maker of Internet
traffic management
products (RDWR:
news, msgs) said it lost
$182,000, or 1 cent per
share. That was in line
with analysts'
projections for the
Israeli-based company,
which went public on
Sept. 30.
In the same quarter last year, the company lost $164,000, or 2 cents per
share. Sales surged 155 percent to $3.6 million.
Ahead of the release, shares closed up 6 5/8, or 9 percent, at 80. They
dropped to 64 on the Island ECN.
Radware is one of the red-hot companies that has popped up recently
that helps surfers get around smoother on the Web. Extreme Networks
(EXTR: news, msgs), F5 Networks (FFIV: news, msgs) and Foundry
Networks (FDRY: news, msgs) have all had smashing runs in recent
weeks. See Thom Calandra's StockWatch. |
