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Radware Ltd. - RDWR STOCK NEWS

Welcome to our dedicated page for Radware Ltd. news (Ticker: RDWR), a resource for investors and traders seeking the latest updates and insights on Radware Ltd. stock.

Radware Ltd. (symbol: RDWR) is a global leader in cyber security and application delivery solutions for virtual, cloud, and software-defined data centers. Headquartered in Mahwah, New Jersey with international offices in Tel Aviv, Radware provides critical infrastructure, application, and network protection services to enterprises worldwide.

Radware’s award-winning solutions include advanced DDoS protection, web application firewalls, and load balancing as a service. These solutions ensure service level assurance for business-critical applications while maximizing IT efficiency. Radware empowers over 10,000 customers globally, including enterprise and carrier customers, enabling them to adapt quickly to market challenges, maintain business continuity, and achieve maximum productivity while minimizing costs.

Recent achievements highlight Radware’s ongoing commitment to innovation and excellence. The company released its 2024 Global Threat Analysis Report, shedding light on emerging threats and the increasing sophistication of cyber-attacks. Furthermore, the introduction of Load Balancer as a Service and enhancements in cloud network analytics streamlines resource management and enhances application availability.

Radware's solutions are recognized for their efficacy and innovation by industry analysts such as Gartner, Forrester Research, and GigaOm. The company’s financial condition remains solid, with a notable 22% year-over-year growth in cloud ARR reported for Q1 2024. Radware continues to form strategic partnerships, such as their collaboration with Lightpath for next-generation DDoS protection services.

Notable products include the AI-powered DefensePro® DDoS Protection, which automatically identifies and blocks harmful traffic, and the Cloud Application Protection Service, offering comprehensive visibility and protection against cyber threats. Radware’s global reach extends across the Americas, Europe, Middle East, Africa, and Asia-Pacific regions, ensuring widespread support and service availability.

For more detailed information and updates, you can visit Radware’s website and follow their official channels on Facebook, LinkedIn, X, and YouTube.

Rhea-AI Summary

Radware (NASDAQ: RDWR), a key player in cyber security and application delivery solutions, has scheduled a conference call for its second quarter 2024 financial results. The results will be disclosed on Wednesday, July 31, 2024.

The call, slated for 8:30 a.m. EDT, will discuss the company's Q2 results and provide an outlook for Q3 2024. US participants can join the call at 1-888-510-2008, while international callers can dial 1-646-960-0306. The Conference ID is 1864701. A live webcast will be available on Radware's website, and a replay will be accessible for two days post-call at 1-609-800-9909 (US toll-free: 1-800-770-2030), Passcode: 1864701#.

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Radware (NASDAQ: RDWR) has introduced a new AI-powered API Protection engine designed to combat business logic attacks in real-time. The engine continuously learns an application's business logic to detect and block malicious API calls automatically. API attacks have become more sophisticated, increasing by 171% in 2023 compared to 2022, with retail (37%) and transportation (19%) being the most targeted industries. Radware's solution leverages continuous auto-learning, real-time context analysis, and precise bad actor identification to enhance API security, reducing risks and ensuring optimized protection.

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Radware (NASDAQ: RDWR), a leader in cybersecurity and application delivery, has launched a new cloud security service center in Paris, France. This expansion boosts their DDoS attack mitigation capacity to 15Tbps across a network of over 50 centers worldwide. The new facility aims to enhance customer resilience, reduce latency, increase service redundancy, and support compliance with local data privacy laws. According to Radware’s Global Threat Analysis Report, DDoS attacks rose 94% globally between 2022 and 2023, with a significant surge in France due to hacktivist activities. The new center is part of Radware's strategy to strengthen its global defense infrastructure, especially in light of expected cybersecurity challenges during the 2024 Paris Olympics. David Aviv, Radware’s CTO, emphasizes the necessity for advanced security mechanisms in preparation for potential cyber-attacks during the event.

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Radware (NASDAQ: RDWR) has been recognized as a Strong Performer in the 2024 Gartner Peer Insights Voice of the Customer for Cloud Web Application and API Protection (WAAP). The report highlights that 99% of Radware’s customers are willing to recommend its products. Gartner defines Cloud WAAP as security solutions offering protection from various runtime attacks, including web application firewall (WAF), bot management, distributed denial of service (DDoS) mitigation, and API protection.

Customer reviews praised Radware’s Cloud WAF for its ease of use, scalability, and effectiveness in protecting web applications. Radware was also named a Leader and Fast Mover in GigaOm’s 2024 Radar for Application and API Security Report and received top scores in AI-enhanced vulnerability detection. Additionally, it was ranked as a Product, Innovation, Market, and Overall Leader in the 2024 KuppingerCole Leadership Compass Report for Web Application Firewalls (WAF).

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Radware has been recognized as the leader in the 2024 SPARK Matrix™ for DDoS Mitigation by Quadrant Knowledge Solutions, marking the fourth consecutive year of this achievement. This accolade highlights Radware's comprehensive DDoS mitigation technology, which includes high mitigation capacity, real-time attack coverage, and protection against advanced threats. Radware's solutions span across on-prem data centers and private and public clouds, offering integrated WAF, bot, and API protection. Notably, their AI-powered, machine-learning based algorithms enhance attack detection and resolution efficiency, solidifying their competitive edge in the market.

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Radware (NASDAQ: RDWR) has announced a new managed security service provider (MSSP) agreement with Lightpath, a connectivity provider. This partnership allows Lightpath to utilize Radware's AI-powered DefensePro® DDoS Protection to offer a comprehensive DDoS scrubbing service. The service aims to combat complex cyber threats, ensuring secure and uninterrupted network performance.

The DefensePro® solution uses advanced behavioral algorithms to distinguish between harmful and legitimate traffic, thus maintaining network integrity. This collaboration comes amid increasing cybersecurity demands and aims to enhance customer experiences with reliable and future-ready connectivity solutions.

Radware's security solutions, recognized by several industry analysts, leverage AI to minimize false positives and reduce the need for human intervention, ensuring optimal network security and performance.

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Radware, a leading provider of cyber security and application delivery solutions, has been named an Overall Leader in the 2024 KuppingerCole Leadership Compass Report for Web Application Firewalls. The company excels in product, innovation, market, and overall leadership categories, particularly in web application security, DDoS protection, API protection, and bot management. Radware's suite of services offers a wide range of capabilities to protect against various cyber threats, earning positive ratings across security, functionality, deployment, and more.

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Radware reported its First Quarter 2024 Financial Results with Revenue of $65.1 million, representing a 6% year-over-year decrease. Cloud ARR was $67.0 million, up by 22% year-over-year. Non-GAAP EPS was $0.16, while GAAP net loss per diluted share was $0.03. Cash flow from operations reached $21.1 million. The company plans to focus on cloud security and partner channels for growth in 2024.

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Radware, a leading cyber security and application delivery solutions provider, has been recognized as a Leader and Fast Mover in GigaOm's 2024 Radar for Application and API Security Report. Radware is the only vendor to receive a top score for AI-enhanced vulnerability detection and bot management in the report. The company's AI protection capabilities have been praised for their effectiveness in combating advanced and adaptive attacks. Radware's comprehensive solution offers a range of tools for tailored protection, making it a strong choice for organizations seeking top-notch application and API security.

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Lightpath has launched LP DDoS Shield, a next-generation network safeguard against DDoS attacks, utilizing advanced technology from Radware. The solution offers enhanced protection, automated defense, complete visibility, and real-time attack identification to provide secure, reliable connectivity for customers.
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FAQ

What does Radware Ltd. specialize in?

Radware specializes in cyber security and application delivery solutions for virtual, cloud, and software-defined data centers.

Where are Radware's headquarters located?

Radware’s corporate headquarters are in Mahwah, NJ, USA, and its international headquarters are in Tel Aviv, Israel.

What are Radware’s recent achievements?

Recent achievements include the release of the 2024 Global Threat Analysis Report and the introduction of Load Balancer as a Service.

Who are Radware's customers?

Radware serves over 10,000 enterprise and carrier customers worldwide.

What is Radware's primary business segment?

Radware's primary business segment is Radware's Core Business, which generates the maximum revenue.

What are some of Radware’s key products?

Key products include DefensePro® DDoS Protection and Cloud Application Protection Service.

How has Radware’s financial performance been recently?

Radware reported a 22% year-over-year growth in cloud ARR for Q1 2024.

What partnerships has Radware formed recently?

Radware recently signed a managed security service provider agreement with Lightpath for DDoS protection services.

What is Radware’s global presence?

Radware has offices and a global presence across the Americas, Europe, Middle East, Africa, and Asia-Pacific regions.

How can I stay updated with Radware’s latest news?

You can stay updated by visiting Radware’s website and following their official social media channels on Facebook, LinkedIn, X, and YouTube.

Radware Ltd.

Nasdaq:RDWR

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14.77%
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1.77%
Telephone Apparatus Manufacturing
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United States of America
Tel Aviv