Radware Ltd. provided earnings guidance for the first quarter of 2014. For the period, The company expects revenues to range between $49 million to $51 million, 82% gross margin. Operating expenses will range between $33.4 million to $33.7 million.

Approximately $400,000 of it are due to exchange rate weakening of the U.S. dollar versus both the euro and Israeli shekel. Financial income at $1.3 million. Tax rate at 12%.

This is up from 9% last year due to the change of the Israeli tax code. Non-GAAP EPS to range between $0.15 to $0.18.