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 (NASDAQ: RDWR) provides cybersecurity and application delivery solutions for enterprises operating in multi-cloud environments. This news hub offers investors and industry professionals centralized access to official updates about the company's strategic initiatives, technological advancements, and market positioning.
Stay informed about Radware's latest developments through verified press releases and financial announcements. Key updates include earnings reports, product innovation milestones, partnership agreements, and recognition in cybersecurity industry rankings. Our curated collection ensures you never miss critical information affecting Radware's market performance.
All content undergoes strict verification to maintain accuracy and compliance with financial disclosure standards. Bookmark this page for real-time updates on Radware's AI-driven security solutions, cloud protection services, and global expansion efforts. Regularly refreshed content helps stakeholders make data-driven decisions in the dynamic cybersecurity sector.
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%).
Radware (NASDAQ: RDWR) announced its Q2 2024 financial results. The company reported revenue of $67.3 million, a 3% increase year-over-year. The Cloud ARR reached $70 million, growing by 19% year-over-year. Non-GAAP operating expenses decreased by 6% to $49 million, while non-GAAP diluted EPS was $0.20. GAAP diluted EPS was $0.04. Cash flow from operations stood at $23 million.
By region, the Americas showed strong growth with a 12% increase in revenue, totaling $30.1 million. EMEA revenue was $22.8 million, a slight increase of 1%. However, APAC revenue declined by 11% to $14.4 million.
The company emphasized its launch of Radware EPIC-AI and its potential impact on H2 2024. Radware also reported having $396.6 million in cash and equivalents as of June 30, 2024.
Radware (NASDAQ: RDWR) has launched EPIC-AI, a proprietary AI-powered intelligence system that enhances its security solutions and services. EPIC-AI aims to improve real-time attack detection, reduce mean time to resolution, and provide consistent protection across cloud, on-premises, and hybrid environments. The system incorporates AI and generative AI algorithms to combat evolving cyberthreats and address the challenges of automated attacks, stricter regulations, and cybersecurity expert shortages.
Key features of EPIC-AI include:
- Integration across multiple enforcement points
- Real-time cloud protection engines with AI-powered defenses
- Cross-platform AI reasoning for preemptive blocking
- AI-Driven SOC capabilities for managed services
Radware (NASDAQ: RDWR) has introduced a new PCI DSS 4.0 Compliance Solution to help organizations meet the regulation's updated application protection requirements. The solution, built on Radware's Cloud Application Protection Service, offers dedicated controls, extensive visibility, easy-to-access reports, and streamlined auditing.
Key features include:
- An AI-powered WAF for website protection
- Real-time API protection against business logic attacks
- Advanced client-side protection measures
Radware (NASDAQ: RDWR) has expanded its cloud services with two new offerings: Domain Name System as a Service (DNSaaS) and NoKey, a solution for private key protection, storage, and management. These additions aim to provide organizations with enhanced flexibility and control over application delivery, security, and performance.
The DNSaaS offers a centralized management console, customizable health checks, flexible record routing options, traffic distribution control, and real-time analytics. NoKey integrates with third-party hardware security modules, allowing customers to route encrypted traffic through Radware's Cloud Application Protection Service without exposing their SSL keys.
These new services reinforce Radware's integrated platform approach to application and network security, creating more conveniences for customers and addressing the growing complexity of managing application security and delivery across diverse technology stacks and environments.
Radware (NASDAQ: RDWR), a key player in cyber security and application delivery solutions, has scheduled a conference call for its second quarter 2024 financial results. The results will be disclosed on Wednesday, July 31, 2024.
The call, slated for 8:30 a.m. EDT, will discuss the company's Q2 results and provide an outlook for Q3 2024. US participants can join the call at 1-888-510-2008, while international callers can dial 1-646-960-0306. The Conference ID is 1864701. A live webcast will be available on Radware's website, and a replay will be accessible for two days post-call at 1-609-800-9909 (US toll-free: 1-800-770-2030), Passcode: 1864701#.
