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.
Radware (NASDAQ: RDWR) appointed Meir Moshe as an independent director on its board, effective until the next annual shareholder meeting. Moshe, who served as Radware's CFO from 1999 to 2016, brings over 40 years of experience in the financial sector. His appointment aims to enhance Radware's strategic focus on delivering value to customers and shareholders. Yehuda Zisapel, chairman of the board, expressed excitement regarding Moshe's contributions to the company.
Radware (NASDAQ: RDWR) reported strong Q1 2022 financial results, with a 10% increase in revenue to $73.7 million year-over-year. Non-GAAP operating income rose 28% to $9.6 million. The company showed robust growth in EMEA and APAC regions, with gains of 33% and 34%, respectively. However, revenue in the Americas dropped 12%. GAAP net income remained stable at $3.8 million, and cash flow from operations was negative at $10.5 million. The successful spinoff of its Cloud Native Protector business, SkyHawk Security, marks a significant strategic initiative.
Radware (NASDAQ: RDWR) announced the spinoff of its Cloud Native Protector business, creating a new entity named SkyHawk Security. This transition is supported by a $35 million investment from Tiger Global Management, valuing the new company at $180 million. SkyHawk Security specializes in cloud threat detection using advanced AI and machine learning to secure public cloud environments. Radware expects no material impact on its operating results due to this spinoff but aims to enhance focus on sales, marketing, and product innovation through SkyHawk Security.
Radware (NASDAQ: RDWR) has been recognized as a Leader and Outperformer in GigaOm’s Application and API Protection Radar report. The company received top scores in criteria such as rules bundles, AI enhancement, API discovery, data leak protection, and bot management. Notably, Radware's protection against OWASP Top 10 threats was highlighted as superior. The report emphasizes Radware's innovative solutions like Radware SecurePath™ and its ability to provide comprehensive security management across applications.
Radware (NASDAQ: RDWR) has partnered with Entelar to enhance its application and network security offerings in New Zealand. Announced on April 19, 2022, this reseller agreement expands Entelar’s portfolio, enabling them to provide Radware’s advanced solutions, including DDoS protection and web application firewalls. Entelar's CEO highlighted the partnership as a significant growth opportunity for both companies. The collaboration aims to bolster New Zealand's cyber security landscape, reflecting Radware's commitment to delivering high-quality, innovative security solutions.
Radware (NASDAQ: RDWR) has launched its SecurePath architecture, a cloud-based application security solution designed for hybrid and multi-cloud environments. This innovative architecture allows for API-based, out-of-path deployment, reducing latency and complexity while improving security and uptime. The dual deployment model offers organizations flexibility and full application visibility from a centralized portal. CEO Gabi Malka emphasized that SecurePath removes common security trade-offs, allowing for seamless cloud migration without sacrificing application performance or protection quality.
Radware (NASDAQ: RDWR) will announce its first quarter 2022 financial results on May 3, 2022. The management will host a conference call at 8:30 a.m. EDT to discuss the results and provide an outlook for the second quarter. Participants are encouraged to join 15 minutes early. The call will also be available via a live webcast. A replay will be accessible for two days post-call. Radware is a leader in cyber security and application delivery, providing services to enhance digital experiences and business continuity for enterprises globally.
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.