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) has launched Series III of its Hacker’s Almanac, a field guide aimed at enhancing cyber security through actionable threat intelligence. This installment focuses on understanding and utilizing threat intelligence to fortify an organization's defenses against cyber aggressions. The guide outlines the threat intelligence lifecycle, application of vetted intelligence, and strategies for improving security posture. Pascal Geenens, director of threat intelligence at Radware, emphasizes the importance of a robust threat intelligence program in preparing organizations for imminent threats.
Radware (NASDAQ: RDWR) announced its 2022 Annual General Meeting of Shareholders to be held on July 28, 2022, at 3:00 p.m. in Tel Aviv. Shareholders as of June 24, 2022, are eligible to vote. Key agenda items include the election of directors Roy Zisapel, Naama Zeldis, and Meir Moshe; approval of amendments to the Compensation Policy for Executive Officers; and reappointment of auditors Kost Forer Gabbay & Kasierer. A simple majority is required for approvals, and details will be provided to shareholders via a proxy statement prior to the meeting.
Radware (NASDAQ: RDWR) announced its pro-bono provision of Cloud DDoS Protection and Cloud Web Application Firewall (WAF) Services to Ukraine’s SSSCIP to enhance cyber defenses amid ongoing cyber attacks due to the Russian invasion. The collaboration aims to protect critical governmental web services from DDoS and other application attacks. Victor Zhora, deputy chief of SSSCIP, emphasized the importance of safeguarding Ukraine's IT infrastructure, while Radware's solutions are designed to automatically counter sophisticated threats. This partnership highlights Radware's commitment to cybersecurity during international conflicts.
Radware (NASDAQ: RDWR) released its 2022 State of API Security report, revealing that while 92% of organizations believe they have solid API protection, 62% admit a significant portion of their APIs remain undocumented. This gap presents serious cybersecurity threats such as data breaches. The survey indicates that API usage is increasing, with 59% of applications running in the cloud. Nearly one third reported automated bot attacks as a primary threat, yet half of respondents find existing security tools only minimally effective at countering these risks.
Radware has expanded its partnership with ONESECURE to enhance cybersecurity offerings for ASEAN enterprises.
This collaboration integrates Radware's Application Protection-as-a-Service and Cloud DDoS Protection Service into ONESECURE’s existing services, bolstering protection against web attacks and phishing threats.
ONESECURE aims to provide comprehensive security solutions, including automated DDoS protection and advanced application delivery. The partnership emphasizes proactive threat identification and enhances cyber protection capabilities.
Radware (NASDAQ: RDWR) has expanded its partnership with a major e-commerce company in a million-dollar deal to enhance its cyber security measures. The e-commerce provider has adopted Radware's Bot Manager and Managed Services to combat sophisticated bot attacks while ensuring seamless online transactions. This strategic move comes after their previous solution faltered under increased attacks. Radware's technology has received praise for effectively managing these threats without disrupting user experience, positioning the company as a leader in the industry.
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.