Radware Ltd Stock Price, News & Analysis

Radware reported a record revenue of $73 million for Q3 2021, marking a 17% increase year-over-year, surpassing guidance.

Annual Recurring Revenue (ARR) reached $185 million, a 9% year-over-year rise, supported by a 26% increase in cloud and subscription services.

Non-GAAP operating income improved 69% to $11.6 million, with non-GAAP EPS at $0.23. Cash flow from operations was $18 million.

In the first nine months of 2021, Radware (NASDAQ: RDWR) reported a significant increase in DDoS attack mitigation, with a 75% rise in blocked events compared to 2020. The total volume blocked was 44% higher year-over-year. Web application attacks also surged, doubling each quarter, with the most attacks targeting technology and healthcare sectors. The report highlights a need for improved defenses against complex DDoS attacks, as well as a rise in unsolicited network scanning activity, peaking at 27 million events daily in Q3 2021.

Radware (NASDAQ: RDWR) and Netsync have joined forces to offer enhanced security for AWS workloads, focusing on enterprise and public sector clients. Netsync will implement Radware’s Cloud Native Protector, which provides a comprehensive security solution, addressing compliance violations, misconfigurations, and malicious activity. This partnership aims to ensure 24/7 security coverage and business efficiency.

Radware's solution enhances visibility and control over cloud-hosted assets, marking a significant step in protecting against evolving cyber threats.

Radware (NASDAQ: RDWR) announces advanced encrypted protection capabilities in its DDoS solution, enhancing defense against SSL DDoS attacks. This upgrade allows enterprises and service providers to ensure better visibility and control over their cyber defenses. The solution includes Keyless SSL Protection and Selective Full SSL Protection, minimizing latency and securing communication without needing full decryption. This adaptability meets evolving security needs driven by increased encryption in user communications and a rise in cyber threats.

Radware® (NASDAQ: RDWR) has been recognized as the 2021 technology leader in DDoS mitigation by Quadrant Knowledge Solutions. The company achieved the highest rankings in technology excellence and customer impact among 14 vendors evaluated. The SPARK Matrix report analyzes DDoS mitigation market dynamics and competitive positioning, highlighting Radware's innovative solutions like DefensePro® and Cloud DDoS Protection Services, which utilize AI and machine learning for robust threat mitigation. Radware’s recognition underscores its commitment to delivering strong value and security to customers in an increasingly threat-prone landscape.

Radware has launched its Quantiles DoS Protection, a market-first feature within its DefensePro solution designed to detect and block phantom flood attacks in high bandwidth networks. This innovative capability utilizes advanced algorithms to segment incoming traffic, allowing for automated detection of threats that were previously undetectable. The solution promises zero-minute mitigation and reduced operational costs by eliminating the need for manual configuration. This development is crucial as the demand for secure, scalable networks continues to rise amid the expansion of 5G and cloud services.

Radware (NASDAQ: RDWR) will announce its third quarter 2021 financial results on November 3, 2021. A conference call will be held at 8:30 a.m. EDT to discuss the results and provide a fourth-quarter outlook. Interested parties can join the call or listen via webcast on Radware's website. A replay will be available for two days post-call. Radware specializes in cyber security and application delivery solutions, focusing on maintaining business continuity and productivity while controlling costs.

Radware (NASDAQ: RDWR) announces its partnership with a major Asia-Pacific stock exchange to enhance the security and performance of its online trading platform. This move strengthens Radware's position as it now protects five out of the ten largest stock exchanges globally. With trading volumes increasing, the exchange required improved reliability and security, leading it to deploy Radware’s Alteon application delivery controller and Web Application Firewall.

Radware aims to ensure no downtime or delays occur, bolstering their reputation among financial institutions.

Radware (NASDAQ: RDWR) announced an expansion of its security solutions for Liberty Group Limited, enhancing their cyber defenses with additional DefensePro DDoS Protection and 24x7 Emergency Response Team services. This partnership aims to detect and mitigate millions of cyber-attacks monthly, significantly reducing malicious traffic and improving network performance. Liberty's head of cyber security noted a direct correlation between reduced network load and enhanced customer experience. Radware's solutions secure organizations against various cyber threats, demonstrating its commitment to delivering robust digital security.