Radware Announces $20M Share Buyback

Radware (NASDAQ: RDWR) today announced that its board of directors has authorized a share repurchase plan allowing the repurchase of up to $20 million of ordinary shares.

In addition, the company refined its expectations for its third quarter 2011 results to be within previously provided guidance. Quarterly revenues are expected to range between $42 to $42.2 million for the third quarter of 2011 within previously provided guidance of $42 to $43 million and Non-GAAP EPS is expected to range between $0.33 to $0.34 per diluted share within previously provided guidance of $0.33 to $0.35.