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 reported a significant rise in DDoS attack volumes in Q2 2021, with blocked attacks up over 40% year-over-year. Companies faced an average of nearly 5,000 malicious events monthly, totaling 2.3TB of attack traffic. The technology sector was the most targeted, with healthcare and finance also heavily affected. New trends included a resurgence of DDoS extortion and aggressive burst attacks aimed at finance and technology firms. The Americas and EMEA regions accounted for approximately 80% of the attack volume.
Radware (NASDAQ: RDWR) reported strong financial results for Q2 2021, achieving record revenue of $70 million, a 19% year-over-year increase. Annual Recurring Revenue (ARR) reached $177 million, up 8%. Non-GAAP operating income rose by 106% to $8.8 million, with a Non-GAAP EPS of $0.19. For the first six months, total revenue was $136 million, up 15%. CEO Roy Zisapel highlighted strong growth driven by application security and cloud solutions, with a robust pipeline as businesses undergo digital transformation amid increasing cyber threats.
Radware (NASDAQ: RDWR) will announce its Q2 2021 financial results on July 28, 2021. The company specializes in cyber security and application delivery solutions for data centers. A conference call will take place at 8:30 AM EDT to discuss the results and provide insights into the third quarter outlook. Participants are encouraged to join 15 minutes early. A replay will be available for two days post-call. For further information, visit their website.
Radware (NASDAQ: RDWR) has expanded its partnership with Acantho, a telecommunications subsidiary of Italy's Hera Group, to enhance cloud web application security for enterprise customers in Italy. Acantho upgraded its infrastructure to include Radware's hybrid DDoS attack protection and will offer the Cloud WAF service along with Bot Manager to improve application security and service quality. This decision comes in response to increased demand for robust security solutions amidst rising cloud migration and attack incidences.
Radware (NASDAQ: RDWR) announced a partnership with Involta to implement its DDoS Protection Service across various sectors including healthcare and finance. This deployment enhances Involta's security offerings, regarded as a leader in DDoS protection by Forrester Research. The partnership leverages Involta's expertise in IT solutions, boosting its capacity to combat sophisticated threats. The DDoS mitigation service aims to ensure continuous online access and safeguard sensitive data. Notably, the revenue recognition from this partnership is uncertain and based on customer experiences.
Radware (NASDAQ: RDWR) has expanded its partnership with Fujitsu to enhance traffic capacity for Spanish healthcare organizations during the Covid-19 pandemic. Fujitsu implemented Radware’s Alteon application delivery controller to manage network load balancing for web and cloud applications, addressing increased demand for secure remote access. This collaboration has resulted in improved SSL traffic capacity and TLS 1.3 communications, ensuring uninterrupted access for healthcare providers. Both systems are operational, meeting critical needs for data management and patient services.
Radware (NASDAQ: RDWR) announced the release of Part I of its 2021 Hacker’s Almanac eBook, focusing on current cyber threat actors, including nation states, organized crime, hacktivists, hackers, and disgruntled insiders. The eBook aims to raise awareness about these threats as organizations prepare for future cyber-attacks. Key highlights include profiles of significant nation-state groups and insights into the business of cybercrime. Further parts will cover tactics, techniques, and mitigation strategies later this year.
Radware (NASDAQ: RDWR) will announce its Q2 2021 financial results on July 28, 2021. The management team will host a conference call at 8:30 am ET to discuss the results and provide an outlook for Q3 2021. Participants should join 15 minutes early. The call will be available via webcast on Radware's website, with a replay accessible for two days post-call. Radware is a leader in cyber security and application delivery solutions, catering to over 12,500 enterprise and carrier customers globally.
Radware reported Q1 2021 revenues of $67 million, marking an 11% increase year-over-year, surpassing guidance. The Americas region saw a 15% growth, contributing 50% of total revenues. Record Annual Recurring Revenues (ARR) reached $176 million, up 10% year-over-year. Non-GAAP operating income surged 55% to $7.5 million, with a non-GAAP EPS of $0.17. GAAP EPS was $0.08. Cash flow from operations totaled $59 million over the last twelve months. The company is well-positioned amid increasing demand for cybersecurity solutions.
Radware (NASDAQ: RDWR) and Netsync announced a collaboration to offer Radware's Cloud DDoS Protection Service to U.S. State, Local, and Education (SLED) agencies. This service, sold under the Netsync brand, provides enterprise-grade DDoS protection with fast detection and response to evolving threats. Netsync has trained staff to act as trusted advisors, enhancing security for educational and government institutions struggling with network security challenges. This partnership aims to ensure 24/7 access to online services while keeping data safe.