Radware Ltd Stock Price, News & Analysis

Radware (NASDAQ: RDWR) has launched a new cloud security center in Taiwan, enhancing cybersecurity for local businesses and meeting data sovereignty requirements. This facility aims to secure data centers, networks, web, and mobile applications while reducing latency. The center provides protection against various cyber threats, including DDoS attacks and web application risks. In the first half of 2022, malicious DDoS attacks soared by 203%, highlighting the growing need for such services. Radware now operates over 50 security centers globally with more than 10Tbps of mitigation capacity.

Radware (NASDAQ: RDWR) released its First Half 2022 Global Threat Analysis Report, highlighting a significant shift in the cyber threat landscape due to the Russian invasion of Ukraine. Malicious DDoS attacks surged 203% compared to the previous year, with attacks peaking at 1.5 Tbps. Patriotic hacktivism increased dramatically, with both pro-Ukrainian and pro-Russian groups participating in cyber operations. Ransom denial of service (RDoS) attacks also continued, with a notable resurgence from the REvil group. The retail and high-tech sectors were the most targeted by cyberattacks in this period.

Radware (NASDAQ: RDWR) has launched a new cloud security center in Santiago, Chile, enhancing its presence in Latin America. This facility will aid customers in Argentina, Chile, Peru, and Uruguay in strengthening their cyber defenses with minimal latency while meeting data localization requirements. The initiative aligns with Radware's strategy to expand its global cloud security network amidst a rise in cyberattacks. Radware currently operates over 50 cloud security centers worldwide and provides services to 12,500 organizations in the region.

Radware (NASDAQ: RDWR) has been recognized as a leader in the 2022 KuppingerCole Leadership Compass report for Web Application Firewalls (WAF). The report highlights Radware's innovative solutions and strong performance in security, functionality, deployment, interoperability, and usability. Analyst Richard Hill noted Radware's advanced management features and its robust capabilities against cyber threats, particularly DDoS attacks. This recognition underscores Radware's commitment to providing cutting-edge protection against emerging cybersecurity risks.

Radware (NASDAQ: RDWR) has signed a reseller agreement with DataBank to provide Cloud DDoS Protection and Application Security solutions. This partnership aims to enhance cyber defense for data centers, leveraging DataBank's extensive infrastructure of over 65 data centers. Radware's security offerings include advanced threat protection through machine-learning algorithms. Moreover, Radware has received industry recognition, being ranked by Gartner and Forrester for its security capabilities.

On August 1, 2022, Radware (NASDAQ: RDWR) announced the successful outcome of its Annual General Meeting of Shareholders held on July 28, 2022, where all four proposals presented were approved by the required shareholder vote. Radware is recognized as a leading provider of cyber security and application delivery solutions, supporting enterprises globally with its comprehensive portfolio that ensures digital experience security and business continuity.

Radware (NASDAQ: RDWR) has enhanced its Bot Manager with new crypto mitigation algorithms to combat sophisticated bot attacks. This new technology, inspired by blockchain methodologies, improves security for websites by creating a zero trust posture for web and API applications. The algorithms aim to exhaust the resources of malicious bots while providing a seamless user experience. According to Radware, there was a 144% increase in generation 4 bot attacks in 2022 compared to 2021.

Radware (NASDAQ: RDWR) announced that ESDS Software Solution Limited has selected its Cloud DDoS Protection Service to enhance security for its data centers in India. This partnership aims to improve visibility into network performance and accelerate protection against DDoS attacks. With a significant rise in DDoS threats, the need for robust solutions is critical. Radware's service provides real-time protection suitable for various sophisticated attack types. The collaboration emphasizes Radware's commitment to delivering comprehensive cyber security solutions.

Radware (NASDAQ: RDWR) will announce its second quarter 2022 financial results on August 8, 2022. A conference call is scheduled for 8:30 a.m. EDT on the same day, where management will discuss the results and provide an outlook for the third quarter. Interested participants are recommended to join the call 15 minutes early. The call will also be available via webcast on the company's website, with a replay offered for two days afterward. Radware specializes in cyber security and application delivery solutions.