Radware Ltd Stock Price, News & Analysis

Radware (NASDAQ: RDWR) has expanded its partnership with TelemaxX Telekommunikation GmbH, implementing its AI-powered DefensePro® X DDoS Protection system at TelemaxX's scrubbing center. TelemaxX, a leading IT solutions provider in Germany's Karlsruhe Technology Region, operates five high-security data centers and will also utilize Radware's Cyber Controller platform.

The implementation aims to combat the rising threat of Web DDoS Tsunami attacks, with Radware's report showing a 265% surge in Web DDoS attacks globally during H1 2024 compared to H2 2023. DefensePro X employs AI-powered behavioral algorithms to provide automated protection against various cyber threats, including IoT-based attacks, Burst, DNS, TLS/SSL attacks, ransom DDoS campaigns, and phantom floods.

Radware (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, has scheduled its fourth quarter and full year 2024 earnings conference call for Wednesday, February 12, 2025, at 8:30 a.m. EST. Management will discuss Q4 and full year 2024 results, along with providing outlook for Q1 2025.

The call will be accessible via US toll-free number 1-877-704-4453 or international number 1-201-389-0920. A live webcast will be available on Radware's website. A replay will be available for seven days following the call.

Radware (NASDAQ: RDWR) has expanded its agreement with one of Italy's top 5 banks to provide enhanced cybersecurity solutions. The bank will implement Radware's comprehensive suite including Cloud Application Protection, Cloud DDoS Protection Services, and Alteon application delivery controller with Global Elastic License.

The expansion addresses two key challenges: a 265% surge in Web DDoS attacks globally in H1 2024 compared to H2 2023, and the need to comply with the European Union's Digital Operational Resilience Act (DORA) by January 17, 2025. The solution offers comprehensive protection through web application firewall, bot detection, API protection, and application-layer DDoS protection, combining automation and 24/7 managed services.

Radware (NASDAQ: RDWR) has expanded its partnership with a top 10 Indian airport through a new agreement for Cloud DDoS Protection and Cloud Application Protection Services. The airport, serving over 10 million travelers annually with connections to 30+ countries and 20 airlines, previously utilized Radware's Alteon application delivery controller.

The decision was influenced by Radware's capability to automatically detect and mitigate Web DDoS attacks, which have surged 265% globally between H2 2023 and H1 2024. Radware's cloud protection services operate through a global network of 50+ security centers with 15Tbps mitigation capacity, offering AI-powered protection against DDoS attacks while maintaining legitimate traffic flow.

Radware (NASDAQ: RDWR) has been selected to provide Hybrid Cloud DDoS Protection Services for a top 10 Midwestern U.S. higher education institution. The institution, serving approximately 50,000 students across multiple campuses, chose Radware's solution after experiencing DDoS attacks.

The solution features AI-powered protection that automatically identifies and blocks harmful traffic while maintaining legitimate requests. According to Radware's Global Threat Analysis Report, average DDoS volume blocked per organization in the Americas increased by 116% in H1 2024 compared to H1 2023.

The service adapts DDoS defenses based on specific attackers and can be deployed in on-demand, always-on, or hybrid models, helping educational institutions combat the growing threat of hacktivist attacks amid expanding digital learning environments.

Radware (NASDAQ: RDWR) has launched AI SOC Xpert, a new cloud security service that revolutionizes how security operation centers manage DDoS and application security incidents. The service reduces mean time to resolution by up to 95% through AI-based technology, offering automated attack detection, immediate forensics data, and one-click remediation plans.

As part of Radware EPIC-AI™, which incorporates Agentic-AI architecture and generative AI algorithms, the service features automatic attack detection, rapid incident resolution, streamlined forensic data access, and guided policy tuning. The solution aims to reduce operational costs and expedite onboarding while enhancing security policy accuracy without manual intervention.

Radware has expanded its relationship with a major U.S.-based CPaaS provider in a multimillion-dollar deal for hybrid Cloud DDoS Protection Services, Cloud Firewall as a Service, and Network Analytics. The services complement existing on-premise DDoS defenses for the customer's data centers. The CPaaS provider's infrastructure spans over 10 data centers, 500 protected networks, and operates in more than 60 countries. Radware replaced the previous vendor by offering more granular DDoS detection and mitigation, reducing MTTR and manual countermeasures while maintaining legitimate traffic flow. The solution includes 15Tbps of mitigation capacity through a worldwide network of cloud security service centers.

Radware (RDWR) reported strong Q3 2024 results with revenue reaching $69.5 million, up 13% year-over-year. The company's Cloud ARR grew 15% to $71.6 million. Notable improvements include Non-GAAP diluted EPS of $0.23 compared to $0.07 in Q3 2023, and GAAP diluted EPS of $0.07 versus $(0.16) in Q3 2023. Regional performance showed revenue growth of 11% in Americas ($27.7M) and 30% in EMEA ($25.2M), while APAC decreased 5% ($16.6M). The company generated strong cash flow from operations of $14.7 million in Q3 and maintains a solid cash position of $411.7 million.

Radware (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, held its Annual General Meeting of Shareholders on October 10, 2024. The company presented three proposals for shareholders to vote on. Two proposals were adopted by the requisite shareholder vote. However, one proposal, which sought to approve grants of equity-based awards to the President and Chief Executive Officer of the Company, was not adopted by the requisite shareholder vote.