Radware Ltd Stock Price, News & Analysis

Radware (NASDAQ: RDWR) has announced the integration of enhanced application security into its Alteon line of Application Delivery Controllers (ADCs). The new Integrated Application Protection includes a Web Application Firewall (WAF), Bot Manager to combat automated threats, and API protection for securing and monitoring API vulnerabilities. This unified solution supports deployment across various environments, enhancing scalability with a Global Elastic License (GEL). Radware aims to address the expanding attack surface as enterprises transition to cloud environments.

Radware (NASDAQ: RDWR) has been recognized as a leader in Forrester Research's March 2021 report on DDoS mitigation solutions. The company received the highest score in the current offering category and excelled in 18 different criteria, including detection, attack mitigation, and regulatory compliance. Radware’s solutions are critical as organizations increasingly adopt remote work models. The company aims to protect digital assets and customer data against complex security threats.

Radware has partnered with Internet2 to provide customized cloud DDoS Mitigation services for regional education network providers in the U.S. This service aims to protect educational and research institutions from cyber attacks that threaten sensitive information and educational resources. The selection of Radware was based on their superior security technology, catering to the complex needs of clients including universities and healthcare systems. The first regional network onboarded is CENIC, enhancing digital security for over 323 universities and various organizations.

Radware (NASDAQ: RDWR) announced a partnership with Atman, a Polish data center operator, to implement DefensePro® for enhanced DDoS protection. This collaboration allows Atman to safeguard its infrastructure and offer DDoS-as-a-Service to its customers, creating a new revenue stream. After thorough evaluation, Radware's solution was selected for its superior technology and responsiveness. This partnership highlights Radware's capabilities in defending against sophisticated DDoS attacks and positions them as a key player in the cybersecurity market.

Radware (NASDAQ: RDWR) has announced the upsizing of its share repurchase plan to $80 million, set to expire on December 31, 2021. This plan includes the remaining balance from the 2020 repurchase initiative and seeks to enhance shareholder value. The company repurchased $45 million of its shares in 2020. Radware has secured Israeli court approval for repurchases until May 20, 2021, and may pursue further extensions as necessary. The repurchases will occur through open market transactions and other permitted avenues under applicable laws.

Radware (NASDAQ: RDWR) reported record Q4 2020 revenues of $69 million and full-year revenues of $250 million, with significant growth in cloud and subscription ARR, up 35% year over year. Non-GAAP EPS for Q4 was $0.21 and $0.64 for the full year, although GAAP EPS declined to $0.06 in Q4 and $0.20 for the year. Net income for Q4 2020 was $2.8 million, a drop from $7.3 million in Q4 2019. Despite challenges, including a 7% revenue decline in the Americas for Q4, Radware's operational cash flow remained robust at $16.1 million for Q4 and $61.8 million for the year.

Radware (NASDAQ: RDWR) announced the selection of its Cloud DDoS Protection Service by a Fortune 100 industrial company to combat a DNS flood attack and ransom demand. Radware swiftly activated its Emergency Response Team, mitigating threats and ensuring quick protection for 8GBs of business traffic across four global data centers. Haim Zelikovsky, VP of Cloud Business, noted the rising frequency and sophistication of DDoS attacks, emphasizing the effectiveness of their service in partnership with trusted allies.

Radware (NASDAQ: RDWR) has been recognized by Gartner for its Cloud WAF Service, scoring highest in both the API and High Security use cases in the Critical Capabilities for Cloud Web Application and API Protection Report. The report emphasizes the effectiveness of WAAP in protecting public-facing web applications due to its broad scope and ease of deployment. Customer feedback highlights Radware's supportive service and effective solutions for application security.

Radware (NASDAQ: RDWR) held its Annual General Meeting of Shareholders on November 10, 2020, where all six proposals presented were approved by the shareholders. The company, a leader in cyber security and application delivery solutions, emphasized its commitment to providing robust protection and availability services for enterprises worldwide. The successful adoption of the proposals signals strong shareholder support and aligns with Radware's strategic goals to adapt to market challenges and enhance business productivity.