Welcome to our dedicated page for Radware news (Ticker: RDWR), a resource for investors and traders seeking the latest updates and insights on Radware stock.
Radware Ltd. develops application security and delivery solutions for multi-cloud environments, with cloud application, infrastructure, API and AI security products that address web, application and DDoS attacks, API abuse, business logic threats and malicious bots. Company news commonly covers quarterly results, cloud ARR, regional revenue trends and demand for offerings such as API Protection, DefensePro X and Web DDoS Protection.
Updates also include cloud security partnerships, service-provider deployments, threat research, share repurchase authorizations, investor conference participation and annual general meeting matters tied to the company’s Israeli corporate governance framework.
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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.
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Radware (NASDAQ: RDWR) will announce its Q4 and full year 2022 financial results on February 8, 2023, at 8:30 a.m. EST. The company will discuss its performance and the outlook for Q1 2023 during a conference call. Interested parties are encouraged to join the call 15 minutes early. The call will also be available via webcast on Radware's website. A replay will be accessible for two days following the call. Radware is a leader in cybersecurity and application delivery solutions for data centers around the globe.
Radware (NASDAQ: RDWR) has announced a major deal with a global pharmaceutical company to enhance its cyber defenses. The customer, which operates in over 100 countries, has adopted Radware's comprehensive security suite, including DDoS protection and application delivery solutions. This partnership aims to combat increasing cyber threats while simplifying management through an integrated platform. Radware’s solutions, recognized for industry excellence, address the growing need for effective security in today's complex threat landscape, particularly amidst rising cyberattack incidents.
Radware (NASDAQ: RDWR) announced a multimillion-dollar deal to provide DDoS protection for a major SaaS communication provider. This solution enhances security against phantom flood attacks in a high-bandwidth hybrid environment. The company chose Radware's DefensePro after a proof-of-concept showing its advanced mitigation capabilities. With micro floods increasing 79% from 2020 to 2021, this deal underscores the growing need for sophisticated cybersecurity solutions.
Radware (NASDAQ: RDWR) announced its Q3 2022 results, reporting revenue of $70.5 million, a 4% decline year-over-year. Total Annual Recurring Revenue (ARR) increased by 6% to $195 million. Non-GAAP gross margin was 82.9% compared to 82.6% last year, with a non-GAAP EPS of $0.15, while GAAP net loss stood at $3.0 million or $0.07 per diluted share. CEO Roy Zisapel indicated that macro-economic pressures affected revenue, which fell below guidance.
Radware (NASDAQ: RDWR) announced that Bilfinger SE, a German industrial services provider with over 30,000 employees, has selected Radware's DefensePro® DDoS Protection and Cloud DDoS Protection Service to enhance its cyber defenses. This decision comes amid a 203% rise in global DDoS attacks during the first half of 2022. Radware's solutions facilitate low latency and robust protection against various cyber threats, ensuring network security. The company has been recognized as a leader in DDoS mitigation by Forrester and Quadrant Knowledge Solutions.
Radware (NASDAQ: RDWR) will announce its third quarter 2022 financial results on November 2, 2022. The company will host a conference call at 8:30 a.m. EDT to discuss these results and its outlook for the fourth quarter. Participants should join the call 15 minutes early to ensure their connection. The call will be available via telephone and web streaming, with a replay accessible for two days post-call. Radware is a leader in cyber security and application delivery solutions, catering to global enterprises and ensuring business continuity.
Radware (NASDAQ: RDWR), a leader in cyber security and application delivery solutions, has expanded its relationship with a Fortune 500 financial services provider in a multimillion-dollar deal. The provider extended its investment to include Radware’s Application Protection-as-a-Service, enhancing its defenses against cyberattacks. This cloud-based service utilizes machine learning for improved security. Radware's solutions have also received industry recognition, being named a leader in several security reports.