Radware Ltd. - RDWR STOCK NEWS

Radware (NASDAQ: RDWR) has expanded its partnership with a top 10 Indian airport through a new agreement for Cloud DDoS Protection and Cloud Application Protection Services. The airport, serving over 10 million travelers annually with connections to 30+ countries and 20 airlines, previously utilized Radware's Alteon application delivery controller.

The decision was influenced by Radware's capability to automatically detect and mitigate Web DDoS attacks, which have surged 265% globally between H2 2023 and H1 2024. Radware's cloud protection services operate through a global network of 50+ security centers with 15Tbps mitigation capacity, offering AI-powered protection against DDoS attacks while maintaining legitimate traffic flow.

Radware (NASDAQ: RDWR) has been selected to provide Hybrid Cloud DDoS Protection Services for a top 10 Midwestern U.S. higher education institution. The institution, serving approximately 50,000 students across multiple campuses, chose Radware's solution after experiencing DDoS attacks.

The solution features AI-powered protection that automatically identifies and blocks harmful traffic while maintaining legitimate requests. According to Radware's Global Threat Analysis Report, average DDoS volume blocked per organization in the Americas increased by 116% in H1 2024 compared to H1 2023.

The service adapts DDoS defenses based on specific attackers and can be deployed in on-demand, always-on, or hybrid models, helping educational institutions combat the growing threat of hacktivist attacks amid expanding digital learning environments.

Radware (NASDAQ: RDWR) has launched AI SOC Xpert, a new cloud security service that revolutionizes how security operation centers manage DDoS and application security incidents. The service reduces mean time to resolution by up to 95% through AI-based technology, offering automated attack detection, immediate forensics data, and one-click remediation plans.

As part of Radware EPIC-AI™, which incorporates Agentic-AI architecture and generative AI algorithms, the service features automatic attack detection, rapid incident resolution, streamlined forensic data access, and guided policy tuning. The solution aims to reduce operational costs and expedite onboarding while enhancing security policy accuracy without manual intervention.

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.