Radware Ltd Stock Price, News & Analysis

Radware (NASDAQ: RDWR) has enhanced its Cloud Application Protection Services, offering a comprehensive solution for application security that integrates multiple protective measures into a single platform. This includes services like Cloud DDoS Protection, Web Application Firewall, and the recently launched Client-Side Protection. The new offerings utilize advanced automation to safeguard web and mobile applications, addressing vulnerabilities from browser to server. The solution aims to help enterprises meet compliance standards while preventing data breaches and other security threats.

Radware (NASDAQ: RDWR) unveiled its new DefensePro®X attack mitigation platforms and Cyber Controller, enhancing DDoS protection with superior performance. The lineup includes five hardware and one virtual platform capable of up to 800Gbps in mitigation capacity and 1.2 billion packets per second for attack prevention, making it the fastest in the market. The system offers advanced analytics and automation to streamline security operations, crucial for tackling evolving cyber threats. This announcement positions Radware as a leader in the cybersecurity field, addressing the needs of both medium-sized businesses and large enterprises.

Radware (NASDAQ: RDWR) released its 2022 Global Threat Analysis Report, highlighting a staggering 150% increase in DDoS attacks year-over-year, especially pronounced in the Americas with a 212% rise. The report indicates a significant escalation in attack frequency, with organizations mitigating an average of 29.3 attacks daily in Q4 2022. Attack volume reached 4.44PB, a 32% increase, while the largest attack peaked at 1.46Tbps. The finance sector suffered the most with 53% of attacks, followed by technology (20%) and healthcare (11%). Web application and API attacks surged by 128%, showcasing a greater complexity and frequency in cyber threats.

TEL AVIV, Israel, February 13, 2023 (GLOBE NEWSWIRE) -- Radware (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced a virtual investor and analyst meeting scheduled for February 22, 2023, from 9:00 to 11:30 a.m. EST. Radware's leadership team, including CEO Roy Zisapel and CFO Guy Avidan, will discuss the company's strategic direction, growth opportunities, and recent developments, along with providing a financial update. Interested parties can register for the event via the company's website, where a live webcast will also be available.

Radware (NASDAQ: RDWR) reported its fourth quarter and full year 2022 results, highlighting a 3% revenue decline to $74.1 million in Q4, while full-year revenue rose 2% to $293.4 million. Annual recurring revenue (ARR) increased 7% to $202.4 million, with cloud and subscription revenue growing 13%. The company experienced a non-GAAP EPS of $0.17 but faced a GAAP net loss of $0.09 per share. Despite macroeconomic headwinds, management remains optimistic about long-term growth and plans to focus on cloud security solutions in 2023. They reported a cash position of $432 million as of December 31, 2022.

Radware (NASDAQ: RDWR) announced the launch of its Cybersecurity Partner Program, aimed at enhancing partner engagement and financial rewards. The program introduces three participation tiers—Certified, Spotlight, and Signature—offering increased financial incentives, training, and support materials for partners, including resellers and service providers. It focuses on cloud security with access to Radware's extensive cybersecurity portfolio, which includes services like Cloud DDoS Protection and Web Application Firewall. The initiative aims to accelerate mutual growth and position partners for greater success in sales.

Radware (NASDAQ: RDWR) announced the opening of new cloud security centers in Melbourne, Australia, Toronto, Canada, and Auckland, New Zealand, enhancing its global network mitigation capacity to over 12Tbps. This expansion aims to reduce traffic latency and improve service redundancy, aiding customers in defending against various cyber threats. The company has previously launched facilities in several countries, further solidifying its robust presence. According to a recent report, malicious DDoS events increased by 279%, highlighting the need for enhanced security measures.