Radware Ltd. - RDWR STOCK NEWS

Radware (NASDAQ: RDWR) announced an expansion of its security solutions for Liberty Group Limited, enhancing their cyber defenses with additional DefensePro DDoS Protection and 24x7 Emergency Response Team services. This partnership aims to detect and mitigate millions of cyber-attacks monthly, significantly reducing malicious traffic and improving network performance. Liberty's head of cyber security noted a direct correlation between reduced network load and enhanced customer experience. Radware's solutions secure organizations against various cyber threats, demonstrating its commitment to delivering robust digital security.

Radware (NASDAQ: RDWR) has entered into a partnership with Azion, a leading edge computing firm in Brazil, aimed at enhancing cybersecurity for clients in retail, finance, media, and education sectors. This collaboration will make Radware's Bot Manager, which effectively blocks sophisticated bot attacks, available to Azion customers, alongside offering a 30-day free trial. The partnership is part of a strategy to address the escalating threats from malicious bots, with Radware’s solutions promising substantial improvements in traffic security and operational efficiency.

Radware (NASDAQ: RDWR) has been engaged by a major equipment provider facing a sophisticated DNS flood and ransomware attack. The company deployed its Emergency Response Team to mitigate threats, quickly restoring protection for the customer's global data centers. This incident highlights the growing trend of Ransom DDoS attacks, prompting Radware to actively onboard new clients throughout 2021. Furthermore, Radware's Cloud DDoS Protection Services are designed to offer real-time protection against evolving DDoS threats, ensuring business continuity and minimizing reputational damage.

Radware (NASDAQ: RDWR) has secured a multimillion-dollar deal with a Fortune 100 manufacturing company to bolster its hybrid cloud security. The agreement focuses on Radware's cloud application security solutions to protect numerous web applications hosted across Amazon Web Services and Microsoft Azure, ensuring consistent application safety and control. Radware's superior technology and consultative approach were key factors in the selection process. The company is noted for its ability to adapt security strategies across various cloud platforms.

Radware (NASDAQ: RDWR) has expanded its partnership with INAP, to offer advanced cybersecurity solutions including Cloud WAF and DDoS Protection Services globally. This expansion aims to enhance INAP's product line amid increasing cyber threats. Radware's latest Q2 DDoS Attack Report indicates a 40% rise in blocked attack volumes. Industries like technology, healthcare, and finance are among the most targeted. The partnership signifies a robust response to the growing demand for safe cloud environments as businesses accelerate their digital transformations.

Radware reported a significant rise in DDoS attack volumes in Q2 2021, with blocked attacks up over 40% year-over-year. Companies faced an average of nearly 5,000 malicious events monthly, totaling 2.3TB of attack traffic. The technology sector was the most targeted, with healthcare and finance also heavily affected. New trends included a resurgence of DDoS extortion and aggressive burst attacks aimed at finance and technology firms. The Americas and EMEA regions accounted for approximately 80% of the attack volume.

Radware (NASDAQ: RDWR) reported strong financial results for Q2 2021, achieving record revenue of $70 million, a 19% year-over-year increase. Annual Recurring Revenue (ARR) reached $177 million, up 8%. Non-GAAP operating income rose by 106% to $8.8 million, with a Non-GAAP EPS of $0.19. For the first six months, total revenue was $136 million, up 15%. CEO Roy Zisapel highlighted strong growth driven by application security and cloud solutions, with a robust pipeline as businesses undergo digital transformation amid increasing cyber threats.

Radware (NASDAQ: RDWR) will announce its Q2 2021 financial results on July 28, 2021. The company specializes in cyber security and application delivery solutions for data centers. A conference call will take place at 8:30 AM EDT to discuss the results and provide insights into the third quarter outlook. Participants are encouraged to join 15 minutes early. A replay will be available for two days post-call. For further information, visit their website.

Radware (NASDAQ: RDWR) has expanded its partnership with Acantho, a telecommunications subsidiary of Italy's Hera Group, to enhance cloud web application security for enterprise customers in Italy. Acantho upgraded its infrastructure to include Radware's hybrid DDoS attack protection and will offer the Cloud WAF service along with Bot Manager to improve application security and service quality. This decision comes in response to increased demand for robust security solutions amidst rising cloud migration and attack incidences.