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) 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.
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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.
Radware (RDWR) reported record revenues of $76.6 million for Q4 2021, a rise of 11% year-over-year, exceeding expectations. The company achieved a full-year revenue of $286.5 million, up 15%. Non-GAAP operating income increased 21% to $11 million in Q4. However, GAAP net loss was $5.6 million for Q4, contrasting with a profit in Q4 2020.
Subscription revenue now constitutes over 30% of total revenue. Cash flow from operations reached $29 million in Q4, and $72 million for the year.
Radware (NASDAQ: RDWR) expands its DDoS protection and application delivery solutions through a multimillion-dollar deal with a Tier-1 U.S. carrier. This investment bolsters the carrier's defenses, ensuring enhanced application traffic management across its growing global cloud infrastructure. The carrier sought to improve security and availability while facing escalating cyber threats. Following competitive evaluations, Radware's DefensePro and Alteon solutions were selected for their advanced capabilities, which are essential for today's cloud environments.
Radware (NASDAQ: RDWR) announced the appointment of Guy Avidan as its new Chief Financial Officer (CFO), effective February 18, 2022. Avidan comes from Kornit Digital, where he served as president and CFO, leading the company to its IPO. He has extensive experience in finance and executive roles in technology companies and is a certified public accountant. CEO Roy Zisapel expressed confidence in Avidan's ability to support Radware's growth strategy. This leadership change aims to enhance financial strategy and sustain business momentum.
Radware (NASDAQ: RDWR) will release its fourth quarter and full year 2021 financial results on February 9, 2022. The management team will host a conference call at 8:30 a.m. EST to discuss the results and provide an outlook for Q1 2022. Participants are advised to join the call 15 minutes early. A replay will be available for two days after the call. Radware specializes in cyber security and application delivery solutions, aiming to enhance business continuity while helping reduce costs.