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Radware Ltd. (symbol: RDWR) is a global leader in cyber security and application delivery solutions for virtual, cloud, and software-defined data centers. Headquartered in Mahwah, New Jersey with international offices in Tel Aviv, Radware provides critical infrastructure, application, and network protection services to enterprises worldwide.
Radware’s award-winning solutions include advanced DDoS protection, web application firewalls, and load balancing as a service. These solutions ensure service level assurance for business-critical applications while maximizing IT efficiency. Radware empowers over 10,000 customers globally, including enterprise and carrier customers, enabling them to adapt quickly to market challenges, maintain business continuity, and achieve maximum productivity while minimizing costs.
Recent achievements highlight Radware’s ongoing commitment to innovation and excellence. The company released its 2024 Global Threat Analysis Report, shedding light on emerging threats and the increasing sophistication of cyber-attacks. Furthermore, the introduction of Load Balancer as a Service and enhancements in cloud network analytics streamlines resource management and enhances application availability.
Radware's solutions are recognized for their efficacy and innovation by industry analysts such as Gartner, Forrester Research, and GigaOm. The company’s financial condition remains solid, with a notable 22% year-over-year growth in cloud ARR reported for Q1 2024. Radware continues to form strategic partnerships, such as their collaboration with Lightpath for next-generation DDoS protection services.
Notable products include the AI-powered DefensePro® DDoS Protection, which automatically identifies and blocks harmful traffic, and the Cloud Application Protection Service, offering comprehensive visibility and protection against cyber threats. Radware’s global reach extends across the Americas, Europe, Middle East, Africa, and Asia-Pacific regions, ensuring widespread support and service availability.
For more detailed information and updates, you can visit Radware’s website and follow their official channels on Facebook, LinkedIn, X, and YouTube.
Radware (NASDAQ: RDWR) has launched Series II of its 2021 Hacker’s Almanac, a guide for cybersecurity and IT professionals. This series details tactics used in real cyberattacks, including DDoS attacks, ransomware, and more. It incorporates the MITRE ATT&CK framework to help organizations understand their vulnerabilities. Pascal Geenens, director of threat intelligence, warns of increasing sophistication in cyberattacks in 2022, emphasizing the need for heightened vigilance and robust security measures to protect supply chains and critical infrastructures.
Radware (NASDAQ: RDWR) has expanded its cybersecurity solutions for Minnesota IT Services (MNIT) to enhance protection for over 5.7 million residents. This upgrade includes the implementation of Radware's Cloud DDoS Protection, Cloud Web Application Firewall, and Bot Management services, aimed at reinforcing the state's cyber defenses against increasingly sophisticated threats. MNIT supports more than 2800 applications that ensure public safety and well-being. Radware's solutions contribute to effective digital transformation and business continuity in Minnesota.
Radware (NASDAQ: RDWR) announced its 2021 Annual General Meeting of Shareholders scheduled for December 9, 2021, at 3:00 p.m. in Tel Aviv, Israel. Shareholders of record by November 5, 2021, can participate. The agenda includes the election of Class I directors, approval of grants to executives, and reappointment of auditors. The company may opt for a virtual meeting due to COVID-19. All proposals require simple majority approval. Position statements are due 10 days before the meeting, and detailed proxy statements will be provided to shareholders.
Radware reported a record revenue of $73 million for Q3 2021, marking a 17% increase year-over-year, surpassing guidance.
Annual Recurring Revenue (ARR) reached $185 million, a 9% year-over-year rise, supported by a 26% increase in cloud and subscription services.
Non-GAAP operating income improved 69% to $11.6 million, with non-GAAP EPS at $0.23. Cash flow from operations was $18 million.
In the first nine months of 2021, Radware (NASDAQ: RDWR) reported a significant increase in DDoS attack mitigation, with a 75% rise in blocked events compared to 2020. The total volume blocked was 44% higher year-over-year. Web application attacks also surged, doubling each quarter, with the most attacks targeting technology and healthcare sectors. The report highlights a need for improved defenses against complex DDoS attacks, as well as a rise in unsolicited network scanning activity, peaking at 27 million events daily in Q3 2021.
Radware (NASDAQ: RDWR) and Netsync have joined forces to offer enhanced security for AWS workloads, focusing on enterprise and public sector clients. Netsync will implement Radware’s Cloud Native Protector, which provides a comprehensive security solution, addressing compliance violations, misconfigurations, and malicious activity. This partnership aims to ensure 24/7 security coverage and business efficiency.
Radware's solution enhances visibility and control over cloud-hosted assets, marking a significant step in protecting against evolving cyber threats.
Radware (NASDAQ: RDWR) announces advanced encrypted protection capabilities in its DDoS solution, enhancing defense against SSL DDoS attacks. This upgrade allows enterprises and service providers to ensure better visibility and control over their cyber defenses. The solution includes Keyless SSL Protection and Selective Full SSL Protection, minimizing latency and securing communication without needing full decryption. This adaptability meets evolving security needs driven by increased encryption in user communications and a rise in cyber threats.
Radware® (NASDAQ: RDWR) has been recognized as the 2021 technology leader in DDoS mitigation by Quadrant Knowledge Solutions. The company achieved the highest rankings in technology excellence and customer impact among 14 vendors evaluated. The SPARK Matrix report analyzes DDoS mitigation market dynamics and competitive positioning, highlighting Radware's innovative solutions like DefensePro® and Cloud DDoS Protection Services, which utilize AI and machine learning for robust threat mitigation. Radware’s recognition underscores its commitment to delivering strong value and security to customers in an increasingly threat-prone landscape.
Radware has launched its Quantiles DoS Protection, a market-first feature within its DefensePro solution designed to detect and block phantom flood attacks in high bandwidth networks. This innovative capability utilizes advanced algorithms to segment incoming traffic, allowing for automated detection of threats that were previously undetectable. The solution promises zero-minute mitigation and reduced operational costs by eliminating the need for manual configuration. This development is crucial as the demand for secure, scalable networks continues to rise amid the expansion of 5G and cloud services.
Radware (NASDAQ: RDWR) will announce its third quarter 2021 financial results on November 3, 2021. A conference call will be held at 8:30 a.m. EDT to discuss the results and provide a fourth-quarter outlook. Interested parties can join the call or listen via webcast on Radware's website. A replay will be available for two days post-call. Radware specializes in cyber security and application delivery solutions, focusing on maintaining business continuity and productivity while controlling costs.
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