Radware Ltd Stock Price, News & Analysis

Radware has launched the DefensePro 800, the industry's first terabit DDoS mitigation platform, designed to meet the needs of Tier-1 service providers and large enterprises. With up to 1.2 billion packets per second attack prevention and 800 Gbps mitigation capacity, this platform addresses challenges posed by 5G, edge computing, and increased bandwidth demands. Its advanced algorithms offer robust protection against various cyber threats. Radware's innovation positions it as a leader in the DDoS mitigation space, aimed at enhancing connectivity and security in evolving networks.

Radware (NASDAQ: RDWR) has expanded its partnership with a major South American conglomerate through a million-dollar deal. The collaboration aims to enhance the conglomerate's application cybersecurity, DDoS protection, and integrated application delivery as part of its digital transformation. Key offerings include Radware’s DefensePro DDoS protection and an integrated Web Application Firewall (WAF). Additionally, the conglomerate implemented the Alteon Global Elastic License for effective application performance management across diverse environments.

Radware (NASDAQ: RDWR) has announced that SAS, Scandinavia's leading airline, is utilizing Radware's Bot Manager to safeguard its booking site, flysas.com, from account takeover threats. This partnership aims to combat increasing cyber threats targeting airlines, particularly through bot attacks that jeopardize user privacy. Radware's Bot Manager offers advanced behavioral analysis to effectively distinguish between legitimate and malicious traffic, thus preventing disruptions to legitimate users while fortifying security measures.

Radware (NASDAQ: RDWR) has expanded its partnership with Presidio to offer enhanced application security and DDoS protection solutions. This multi-year agreement will integrate Radware's advanced cybersecurity technology, including Cloud Native Protector and bot management, into Presidio's offerings. With the increasing cyber threats, both companies aim to provide comprehensive protection for cloud and hybrid environments. Radware's solutions have received recognition, ranking highly in industry reports from Gartner and Forrester.

Radware (NASDAQ: RDWR) released its 2021-2022 Global Threat Analysis Report, indicating 2021 as the year of web application attacks with an 88% rise in malicious web requests.

Meanwhile, DDoS attacks increased by 37%, with notable shifts towards micro floods and ransom denial-of-service (RDoS) tactics, reflecting a growing sophistication among cybercriminals.

The report emphasizes the need for companies migrating to the public cloud to bolster their defenses against large-scale attacks and highlights the top attacked sectors, including gaming and retail.

Radware (NASDAQ: RDWR) has announced a new share buyback plan, authorizing repurchases of up to $80 million of its ordinary shares as part of the 2022 Plan, which will expire on May 10, 2023. This follows the 2021 Plan, where $63 million of shares have already been repurchased, leaving $17 million remaining until its expiration on May 6, 2022. The total potential repurchase amount across both plans totals $97 million. These buybacks are expected to enhance shareholder value and are executed according to U.S. and Israeli regulations.

Radware (NASDAQ: RDWR) has launched enhanced cloud application security features, introducing automated API Discovery capabilities that identify undocumented APIs and optimize security policies without human involvement. This innovation is part of Radware's Application-Protection-as-a-Service solution, addressing the challenges organizations face in API security due to frequent application updates. The use of machine learning allows for real-time threat detection, including protection against data leakage and bot attacks. Radware's technology has received recognition in the industry, ranking high in Gartner's reports.

Radware (NASDAQ: RDWR) announced the acquisition of SecurityDAM for $30 million to enhance its cloud security services. The firm aims to bolster its innovation center in India and expand its cloud network capacity to 10Tbps, addressing rising cyber threats. This strategic initiative reflects Radware's commitment to deliver advanced security solutions, already serving a quarter of the Fortune 50 companies. The acquisition is expected to be accretive to earnings on a non-GAAP basis in 2023.