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 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.