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 secured a significant contract with one of the world’s largest online trading platforms, enhancing its cybersecurity offerings. The agreement sees Radware providing Always-On Cloud DDoS and Cloud WAF services, effectively replacing two previous vendors. This comprehensive solution covers four major data centers and 51 applications, ensuring robust protection against sophisticated attacks. The Chief Business Officer, Raffi Kesten, emphasized the critical need for security in the financial sector due to increasing threats targeting online trading platforms.
Radware (NASDAQ: RDWR) announced a successful deployment of its Bot Manager for Alza, a leading e-commerce platform in Central Europe, which processes over 12 million transactions annually. Amid peak holiday traffic, Radware's solution eliminated brute force attacks and reduced CPU usage by 10%, enhancing the user experience significantly. This partnership highlights Radware’s capability in mitigating bot threats during crucial sales periods, aligning with increasing global bot attack trends, as noted in Radware's own research which revealed bad bot traffic constituted nearly 25% of total internet activity in 2019.
Radware (NASDAQ: RDWR) has introduced multi-dimensional DDoS detection and protection tailored for the online gaming industry, a sector that is increasingly targeted by cyber attacks. New algorithms specifically protect against sophisticated DDoS attacks, particularly relevant for Massive Multi-Player Online (MMO) games that often rely on UDP protocol. The enhanced solution addresses non-volumetric attacks and minimizes false positives, ensuring continuous service. This offering positions Radware as a key player in protecting the gaming ecosystem, vital for maintaining user experience and brand reputation.
Radware (NASDAQ: RDWR) has announced its 2020 Annual General Meeting of Shareholders on November 10, 2020, at 3:00 p.m. (Israel time). Shareholders eligible as of October 7, 2020, will be able to participate. The agenda includes the election of directors, amendments to Articles of Association, and equity-based grants to executives. The meeting may shift to a virtual format due to COVID-19. All proposals require a simple majority for approval. Detailed position statements must be submitted by October 30, 2020, and shareholders can access related documents via the SEC or company website.
Radware (NASDAQ: RDWR) has announced its earnings call scheduled for November 4, 2020, at 8:30 am ET to discuss Q3 2020 financial results and provide an outlook for Q4 2020. Participants can join via a US toll-free number or an international dialing option. A replay will be available for two days post-call. Radware is known for its cyber security and application delivery solutions, serving over 12,500 customers globally. The company emphasizes its commitment to maintaining business continuity and productivity amidst market challenges.
Summary not available.
Radware (NASDAQ: RDWR) announced the appointment of Mr. Stanley B. Stern and Ms. Naama Zeldis as independent directors, effective until the 2020 annual meeting. Mr. Stern, with over 30 years in finance and technology, and Ms. Zeldis, with extensive operational experience, aim to enhance Radware's strategic growth. Meanwhile, Mr. Avraham Asheri is stepping down for health reasons after 11 years, and Mr. Joel Maryles resigns after 6.5 years to focus on other interests. The company appreciates their contributions and looks forward to the new board members' insights.
Radware (NASDAQ: RDWR) announced the launch of three new scrubbing centers in India, Brazil, and Israel to bolster its global Cloud DDoS Protection Service. These additions increase the company's scrubbing capacity by approximately 30%, supporting customer demands in emerging markets, especially concerning data residency due to rising data privacy laws. COO Gabi Malka emphasized that the expansion enhances localized customer support and attack mitigation capabilities, allowing organizations to manage DDoS threats effectively, which are becoming increasingly sophisticated.
Radware (NASDAQ: RDWR) reported its second quarter 2020 results, showing revenues of $58.4 million, a 3% decline from the prior year. The company achieved a GAAP EPS of $0.01 and a non-GAAP EPS of $0.13. For the first six months, revenues totaled $118.5 million, down 3% year-over-year. Regional performance varied: Americas increased 8%, EMEA grew 2%, while APAC declined by 25%. Cash and equivalents stood at $442.8 million, with $18 million cash provided by operations in Q2. Management remains optimistic about ongoing business fundamentals.
Radware (NASDAQ: RDWR) announced an earnings call set for July 29, 2020, at 8:30 am ET, to discuss its second quarter 2020 financial results and offer insights into its third quarter outlook. Interested participants can join via a toll-free number or an international line, with a replay available shortly after the call. As a leader in cybersecurity and application delivery solutions, Radware serves over 12,500 enterprise clients worldwide, addressing market challenges while maintaining operational continuity.