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 has expanded its relationship with a major U.S.-based CPaaS provider in a multimillion-dollar deal for hybrid Cloud DDoS Protection Services, Cloud Firewall as a Service, and Network Analytics. The services complement existing on-premise DDoS defenses for the customer's data centers. The CPaaS provider's infrastructure spans over 10 data centers, 500 protected networks, and operates in more than 60 countries. Radware replaced the previous vendor by offering more granular DDoS detection and mitigation, reducing MTTR and manual countermeasures while maintaining legitimate traffic flow. The solution includes 15Tbps of mitigation capacity through a worldwide network of cloud security service centers.
Radware (RDWR) reported strong Q3 2024 results with revenue reaching $69.5 million, up 13% year-over-year. The company's Cloud ARR grew 15% to $71.6 million. Notable improvements include Non-GAAP diluted EPS of $0.23 compared to $0.07 in Q3 2023, and GAAP diluted EPS of $0.07 versus $(0.16) in Q3 2023. Regional performance showed revenue growth of 11% in Americas ($27.7M) and 30% in EMEA ($25.2M), while APAC decreased 5% ($16.6M). The company generated strong cash flow from operations of $14.7 million in Q3 and maintains a solid cash position of $411.7 million.
Radware (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, held its Annual General Meeting of Shareholders on October 10, 2024. The company presented three proposals for shareholders to vote on. Two proposals were adopted by the requisite shareholder vote. However, one proposal, which sought to approve grants of equity-based awards to the President and Chief Executive Officer of the Company, was not adopted by the requisite shareholder vote.
Radware (NASDAQ: RDWR) has introduced a new Threat Intelligence Service to enhance its cloud security platform. This service aims to help security teams improve threat detection, identify compromised systems, and reduce mean time to response (MTTR). Key features include:
1. Near real-time intelligence from active Layer 3 to Layer 7 cyber-attacks in production environments.
2. Cross-correlation with third-party sources for more accurate data.
3. Enrichment of SOC and SIEM systems for deeper analysis.
4. Reputation Alerts to identify potential cyber-attacks originating within customer networks.
5. Preemptive warnings to prevent system downtime and service disruption.
The service is part of Radware's AI-powered cloud security platform, which includes web application, bot management, API, client-side, and DDoS protections, as well as various delivery services.
Radware (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, has announced its upcoming third quarter 2024 financial results conference call. The call is scheduled for Thursday, October 31, 2024, at 8:30 a.m. EDT.
Participants can join the call using the following details:
- US (toll-free): 1-888-510-2008
- International: 1-646-960-0306
- Conference ID: 1864701
Radware (NASDAQ: RDWR) has secured a multimillion-dollar expansion deal with a top 5 European stock exchange to enhance its always-on hybrid DDoS protection. The upgrade includes Radware's new DefensePro X, Cyber Controller, and Emergency Response Team (ERT) managed services. This expansion addresses the global surge in high-intensity, volumetric attacks, particularly Web DDoS attacks, which have increased by 265% in the first half of 2024 compared to the second half of 2023.
The deal highlights the growing threat of sophisticated DDoS attacks fueled by geopolitical tensions. Radware's AI-powered solutions provide automated, adaptive protection against various cyber threats, including IoT-based, Burst, DNS, and TLS/SSL attacks. The company's solutions aim to protect legitimate user experiences while minimizing false positives and human intervention.
Radware (NASDAQ: RDWR), a leader in application security and delivery solutions for multi-cloud environments, has been recognized as a major player in the 2024 IDC MarketScape for Web Application and API Protection (WAAP) Enterprise Platforms. The report highlighted Radware's use of behavior-based detections and multiple machine learning models for improved threat detection accuracy, especially for zero-day threats.
The IDC MarketScape also noted Radware's proactive threat intelligence, sourced both in-house and through crowdsourcing, which enhances detection of advanced threats. Sharon Trachtman, Radware's CMO, emphasized that this recognition validates their market position and acknowledges their continuous innovation in AI-powered solutions designed to protect organizations against evolving threats.
Radware's solutions are known for adapting policies in real-time to mitigate automated attacks while maintaining high security with low false positives. The company has received numerous awards and recognitions from various industry analysts for its application and network security solutions.
Radware (NASDAQ: RDWR) has signed a managed security service provider (MSSP) agreement with Cirion Technologies, expanding their existing channel relationship. Cirion, a leading digital infrastructure provider in Latin America, plans to invest in Radware's Cloud DDoS Protection Service and offer it to customers across the region.
Cirion, present in 20 countries with over 5,500 clients, aims to enhance its security offering with Radware's solution. The partnership allows Cirion to provide automatic protection, faster mitigation, and better accuracy to a wide range of customers, from small businesses to internet service providers.
Radware's multi-tenant portal simplifies attack management and monitoring for MSSPs. Cirion already offers Radware's Cloud Application Protection Services, including web application firewall and bot management. The expanded relationship is expected to open new revenue streams for Cirion while delivering advanced cloud DDoS protection across Latin America.
Radware (NASDAQ: RDWR), a global leader in application security and delivery solutions, has announced its 2024 Annual General Meeting of Shareholders to be held on October 10, 2024, at 3:00 p.m. (Israel time) at the company's offices in Tel Aviv. The meeting's agenda includes:
- Election of directors
- Approval of equity-based awards for the CEO
- Reappointment of auditors
The company will also present and discuss financial statements for the year ended December 31, 2023. All proposals require approval by a simple majority of shares voted, with special conditions for the CEO's equity-based awards approval. The record date for the meeting is September 6, 2024.
Radware's H1 2024 Global Threat Analysis Report reveals a significant surge in cyber attacks, with web DDoS attacks climbing 265% compared to H2 2023. Key findings include:
- Application-Layer DNS DDoS attacks quadrupled vs H1 2023
- North American online applications faced 66% of web attacks
- EMEA organizations bore over 90% of web DDoS attacks
- Finance sector experienced 44% of network-layer DDoS attacks
- Pro-Russian attacks on Ukraine doubled compared to 2023 average
The report highlights increased attack volumes, with EMEA seeing a 293% growth in average DDoS volume blocked per organization. Hacktivist activities remained high, with 1,000-1,200 claimed attacks monthly. The finance industry was the primary target for both network-layer DDoS (44%) and DNS DDoS attacks (52%).