Radware Announces New $80 Million Share Repurchase Plan
Rhea-AI Summary
Radware (NASDAQ: RDWR) announced a new $80 million share repurchase plan (the 2026 Plan) authorized by its board on Feb 13, 2026. The 2026 Plan allows repurchases in open-market, privately negotiated or other legally permissible transactions through March 15, 2027.
Repurchases will comply with applicable U.S. securities laws, including Rule 10b-18, and may be executed under a Rule 10b5-1 plan. The plan does not obligate any specific repurchases and may be suspended or terminated at management’s discretion.
Positive
- $80 million repurchase authorization
- Plan expires March 15, 2027
- Allows open-market and privately negotiated repurchases
- Compliance with Rule 10b-18 and possible 10b5-1 plan
Negative
- No obligation to repurchase any specific number of shares
- Repurchases subject to market conditions, price, and management discretion
- Plan may be suspended or terminated at any time
Key Figures
Market Reality Check
Peers on Argus
Several software infrastructure peers were also down (e.g., RPD -4.45%, ATEN -3.29%, YEXT -3.26%), while VRNT and TIXT were flat to slightly positive. The momentum scanner did not flag a sector-wide move, pointing to a mainly stock-specific context.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 11 | Earnings results | Positive | +5.4% | Record Q4 and FY2025 revenue, ARR growth, and higher EPS. |
| Feb 10 | Investor day announcement | Neutral | +3.3% | Announcement of 2026 Investor Day with management presentations. |
| Feb 03 | Product launch | Positive | -1.6% | Launch of Agentic AI Protection for autonomous AI security. |
| Feb 02 | Channel recognition | Positive | +1.6% | Channel chief recognition tied to partner ecosystem growth. |
| Jan 26 | Acquisition | Positive | +1.8% | Acquisition of Pynt to expand full-lifecycle API security offerings. |
Across recent news, RDWR has mostly traded in alignment with event tone, with one notable divergence on a product launch.
Over the past few weeks, Radware has reported record Q4 and FY2025 results, with revenue of $80.2M in Q4 and $301.9M for 2025, and strong ARR growth. The company announced an Investor Day on Feb 17, 2026, launched an Agentic AI Protection solution, and completed the acquisition of Pynt to extend full‑lifecycle API security. Earlier, a channel leadership recognition highlighted partner‑driven growth. The new $80M repurchase plan follows this series of operational and strategic updates.
Market Pulse Summary
This announcement details a new $80 million share repurchase plan running through March 15, 2027, allowing Radware to buy shares via open market or private transactions under Rules 10b-18 and 10b5-1. It follows record 2025 results and recent strategic moves such as the Pynt acquisition and AI security product launch. Investors may track actual repurchase activity, capital allocation alongside $460.6M in cash, and updates at the upcoming 2026 Investor Day.
Key Terms
rule 10b-18 regulatory
rule 10b5-1 regulatory
AI-generated analysis. Not financial advice.
TEL AVIV, Israel, Feb. 13, 2026 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced that its board of directors has authorized a new plan to repurchase up to
The 2026 Plan authorizes management to repurchase ordinary shares, from time to time, in open market transactions, in privately negotiated transactions or in other legally permissible ways depending on market conditions, share price, trading volume and other factors. Such repurchases will be made in accordance with applicable U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), and applicable Israeli law. The Company may repurchase all or a portion of the authorized repurchase amount pursuant to a plan that is compliant with Rule 10b5-1 of the Exchange Act that is designed to facilitate these purchases. The share repurchase plan does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time at management’s discretion.
About Radware
Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.
Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.
©2026 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.
The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.
Contacts
Investor Relations:
Yisca Erez, +972-72-3917211, ir@radware.com
Media Contacts:
Gina Sorice GinaSo@radware.com
Safe Harbor Statement
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.
FAQ
How much did Radware (RDWR) authorize for the 2026 share repurchase plan?
When does the Radware (RDWR) $80 million repurchase plan expire?
How will Radware (RDWR) execute share repurchases under the 2026 Plan?
Does the Radware (RDWR) repurchase plan obligate the company to buy shares?
Will Radware (RDWR) follow SEC rules for the 2026 buyback?
What factors will influence Radware's (RDWR) decision to repurchase shares under the 2026 Plan?
