Radware slips on wider Q1 loss
Shares of Radware Ltd. (Nasdaq:RDWR) are treading lower ahead of the opening bell after the Israeli developer of application delivery and network security solutions this morning reported a wider-than-expected first-quarter loss and lower revenues. The small cap attributed its shortfall to poorly made revenue recognition decisions, the devaluation of the U.S. dollar and certain one time expenses.
Shares topped 12%, or $1.30, to $9.34 ahead of the opening bell. For detailed price information and recent news stories about Radware, click RDWR.
