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) 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.