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 upgraded its application security solutions to shield mission-critical APIs from sophisticated bot attacks. The Bot Manager now offers comprehensive protection, responding to a substantial rise in API vulnerabilities, with bot attacks increasing by 50% in the first half of 2020 compared to 2019. Research indicates 81% of organizations faced API attacks last year. As organizations increasingly rely on APIs, Radware’s solution harnesses machine learning to effectively counteract these automated threats, enhance data protection, and minimize financial impacts.
Radware (NASDAQ: RDWR) has enhanced its Cloud Workload Protection Service (CWP), providing enterprises with advanced visibility, compliance, and reporting features for multi-cloud environments. The upgraded service includes a new security posture dashboard and improvements to its attack detection engine, which now addresses cloud-native attack vectors. A new attack simulation tool enables organizations to test their cloud security proactively. Radware's CWP aims to help companies identify security risks, manage compliance, and enhance overall security against potential breaches effectively.
Radware (NASDAQ: RDWR) has been selected by HT Media for its Attack Mitigation Solution to enhance data center security. The solution integrates on-premise and cloud DDoS protection, addressing a rise in attack frequency and volume. Radware's hybrid solution provides always-on detection, mitigation, and 24/7 emergency support. The implementation showed immediate results in blocking attacks effectively. HT Media's Group CIO praised the fast and easy deployment of the system, emphasizing its capability to combat zero-day attacks.
Radware (NASDAQ: RDWR) has appointed Gabi Seligsohn as an independent director on its Board of Directors, effective immediately. His term will run until the next annual shareholder meeting, where his appointment will be subject to a vote. Seligsohn, who has extensive leadership experience in the tech sector, previously served as CEO of Kornit Digital and Nova Measuring Instruments. His track record includes significant business growth and strategic insight, which Radware believes will enhance its focus on value delivery to stakeholders.
Radware (NASDAQ: RDWR) has successfully supported Garanti BBVA, a major Turkish bank, during critical incidents, including a significant DDoS attack and the challenges posed by the COVID-19 pandemic. The bank experienced a 700-900 Mpps attack that lasted 36 hours in October 2019. Radware’s solutions ensured that legitimate users remained unaffected amidst increased remote working traffic. With a nearly two-decade partnership, Radware has consistently innovated to meet Garanti's evolving cybersecurity needs.
Radware (NASDAQ: RDWR) reported its Q1 2020 financial results, revealing revenues of $60.0 million, a 2% decline year-over-year. The company achieved a GAAP EPS of $0.05, down from $0.09 in Q1 2019, while non-GAAP EPS was $0.14, compared to $0.18 the previous year. Operating cash flow for Q1 was $21 million, and total deferred revenue grew 14% to $181 million. Radware also initiated a share repurchase plan, allowing for up to $40 million in stock buybacks.