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Rhea-AI Summary
Radware releases its 2024 Global Threat Analysis Report, highlighting the increase in DDoS attacks per customer, rise in DNS query flood vectors, and the targeting of government, business, and travel websites. The report emphasizes the intensifying technological race between good and bad actors, with a focus on evolving attack patterns and the impact of Generative AI on threat actors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
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Rhea-AI Summary
Radware (NASDAQ: RDWR) introduces a new flexible business model for MSSPs, allowing them to offer advanced security services to customers. The offering aims to help MSSPs generate new revenue streams and enhance their security portfolios. Radware's AI-powered solutions protect against various cyber threats while minimizing false positives.
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Rhea-AI Sentiment
End-of-Day
0.62%
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Rhea-AI Summary
Radware (NASDAQ: RDWR) expands its partnership with NOS in Portugal, enhancing security defenses and reseller capabilities. NOS invests in Radware's DefensePro DDoS Protection and Managed Security Service Provider Portal Solution to offer DDoS detection and mitigation as a managed service.
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Rhea-AI Sentiment
End-of-Day
3.36%
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Rhea-AI Summary
Radware (NASDAQ: RDWR) has been named a technology leader in the SPARK Matrix: Web Application Firewall (WAF), 2023 by Quadrant Knowledge Solutions. Radware offers a comprehensive WAF solution with protection against OWASP Top 10 vulnerabilities, zero-day attacks, bot management, API protection, Layer 7 DDoS protection, and client-side protection. With strong performance in customer impact and technology excellence, Radware has positioned itself as a global WAF market leader.
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Rhea-AI Sentiment
End-of-Day
1.65%
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Rhea-AI Summary
Radware (RDWR) announced its fourth-quarter and full-year 2023 financial results, reporting a 12% year-over-year decrease in revenue to $65.0 million. Cloud ARR saw a 22% year-over-year increase to $64.9 million, with non-GAAP EPS at $0.13 and a GAAP net loss per diluted share of $0.14 for the fourth quarter. Full-year 2023 revenue was down 11% year-over-year to $261.3 million, with a non-GAAP EPS of $0.43 and a GAAP net loss per diluted share of $0.50. The company reported regional revenue breakdowns and highlighted its cash and cash equivalents of $363.7 million as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
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Rhea-AI Summary
Radware (NASDAQ: RDWR) has expanded its relationship with a top global telecom through a multimillion-dollar deal, where the telecom increased its investment in Radware’s DefensePro DDoS Protection. This expansion aims to address the rising demand for services while protecting service availability and minimizing false positives. Radware's DDoS defense is designed to accurately detect and block malicious traffic, ensuring uninterrupted availability and protecting networks from various cyber threats. The company has received numerous awards for its DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions, solidifying its position as a market leader in cyber security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
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Radware (RDWR) signed an agreement with a leading European financial institution, one of the country's top five banks in terms of total assets. The bank purchased Radware's complete suite of network and application security and application delivery solutions to replace its existing vendor. Radware's integrated, end-to-end network and application security solutions harness machine learning and patented behavioral-based algorithms to automatically identify and adapt to changes in the threat landscape, applications, and infrastructure.
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Rhea-AI Sentiment
End-of-Day
2.5%
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Radware (NASDAQ: RDWR) will announce its fourth quarter and full year 2023 financial results on Wednesday, February 7, 2024. The management will host a call to discuss its results and outlook for the first quarter of 2024. Participants can join the call or webcast live on the Company's website. A replay of the call will also be available.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.26%
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News
Rhea-AI Summary
Radware (NASDAQ: RDWR) strengthens Latin American judiciary's cybersecurity posture with state-of-the-art cloud DDoS protection, web application firewall, API security, and bot manager
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Rhea-AI Sentiment
End-of-Day
1.9%
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Rhea-AI Summary
Radware (NASDAQ: RDWR) appoints Mr. Alex Pinchev as an independent director of the Board of Directors. Mr. Pinchev brings a wealth of experience in managing successful global businesses and has held leadership and board positions in high-tech companies. He will serve as a member of the Board until the next annual meeting of shareholders when his appointment will be up to a shareholder vote. Radware's chairman, Yuval Cohen, highlights Mr. Pinchev's valuable perspective in guiding the company's strategy to deliver value to customers, employees, and shareholders. Mr. Pinchev expresses his honor in joining the Board and looks forward to contributing from his experience to provide insight and guidance related to the company's various activities. He holds a bachelor’s degree in applied mathematics and a master’s degree in computer science, both from the ITMO University in St. Petersburg, Russia.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.48%
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Radware Ltd.
Nasdaq:RDWR
RDWR Rankings
RDWR Stock Data
807.74M
33.06M
14.77%
80.62%
1.53%
Telephone Apparatus Manufacturing
Manufacturing
United States of America
Tel Aviv
About RDWR
radware is a global leader of application delivery and cyber security solutions for virtual, cloud and software defined data centers. our award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing it efficiency. radware solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. radware’s corporate headquarters are located in the u.s. (mahwah, nj) and international headquarters are located in tel aviv. global presence includes offices in the americas, europe, middle east, africa and asia pacific regions.