Radware Ltd - RDWR STOCK NEWS

Radware (NASDAQ: RDWR), a leader in cybersecurity and application delivery, has launched a new cloud security service center in Paris, France. This expansion boosts their DDoS attack mitigation capacity to 15Tbps across a network of over 50 centers worldwide. The new facility aims to enhance customer resilience, reduce latency, increase service redundancy, and support compliance with local data privacy laws. According to Radware’s Global Threat Analysis Report, DDoS attacks rose 94% globally between 2022 and 2023, with a significant surge in France due to hacktivist activities. The new center is part of Radware's strategy to strengthen its global defense infrastructure, especially in light of expected cybersecurity challenges during the 2024 Paris Olympics. David Aviv, Radware’s CTO, emphasizes the necessity for advanced security mechanisms in preparation for potential cyber-attacks during the event.

Radware (NASDAQ: RDWR) has been recognized as a Strong Performer in the 2024 Gartner Peer Insights Voice of the Customer for Cloud Web Application and API Protection (WAAP). The report highlights that 99% of Radware’s customers are willing to recommend its products. Gartner defines Cloud WAAP as security solutions offering protection from various runtime attacks, including web application firewall (WAF), bot management, distributed denial of service (DDoS) mitigation, and API protection.

Customer reviews praised Radware’s Cloud WAF for its ease of use, scalability, and effectiveness in protecting web applications. Radware was also named a Leader and Fast Mover in GigaOm’s 2024 Radar for Application and API Security Report and received top scores in AI-enhanced vulnerability detection. Additionally, it was ranked as a Product, Innovation, Market, and Overall Leader in the 2024 KuppingerCole Leadership Compass Report for Web Application Firewalls (WAF).

Radware has been recognized as the leader in the 2024 SPARK Matrix™ for DDoS Mitigation by Quadrant Knowledge Solutions, marking the fourth consecutive year of this achievement. This accolade highlights Radware's comprehensive DDoS mitigation technology, which includes high mitigation capacity, real-time attack coverage, and protection against advanced threats. Radware's solutions span across on-prem data centers and private and public clouds, offering integrated WAF, bot, and API protection. Notably, their AI-powered, machine-learning based algorithms enhance attack detection and resolution efficiency, solidifying their competitive edge in the market.

Radware (NASDAQ: RDWR) has announced a new managed security service provider (MSSP) agreement with Lightpath, a connectivity provider. This partnership allows Lightpath to utilize Radware's AI-powered DefensePro® DDoS Protection to offer a comprehensive DDoS scrubbing service. The service aims to combat complex cyber threats, ensuring secure and uninterrupted network performance.

The DefensePro® solution uses advanced behavioral algorithms to distinguish between harmful and legitimate traffic, thus maintaining network integrity. This collaboration comes amid increasing cybersecurity demands and aims to enhance customer experiences with reliable and future-ready connectivity solutions.

Radware's security solutions, recognized by several industry analysts, leverage AI to minimize false positives and reduce the need for human intervention, ensuring optimal network security and performance.

Radware, a leading provider of cyber security and application delivery solutions, has been named an Overall Leader in the 2024 KuppingerCole Leadership Compass Report for Web Application Firewalls. The company excels in product, innovation, market, and overall leadership categories, particularly in web application security, DDoS protection, API protection, and bot management. Radware's suite of services offers a wide range of capabilities to protect against various cyber threats, earning positive ratings across security, functionality, deployment, and more.

Radware reported its First Quarter 2024 Financial Results with Revenue of $65.1 million, representing a 6% year-over-year decrease. Cloud ARR was $67.0 million, up by 22% year-over-year. Non-GAAP EPS was $0.16, while GAAP net loss per diluted share was $0.03. Cash flow from operations reached $21.1 million. The company plans to focus on cloud security and partner channels for growth in 2024.

Radware, a leading cyber security and application delivery solutions provider, has been recognized as a Leader and Fast Mover in GigaOm's 2024 Radar for Application and API Security Report. Radware is the only vendor to receive a top score for AI-enhanced vulnerability detection and bot management in the report. The company's AI protection capabilities have been praised for their effectiveness in combating advanced and adaptive attacks. Radware's comprehensive solution offers a range of tools for tailored protection, making it a strong choice for organizations seeking top-notch application and API security.

Lightpath has launched LP DDoS Shield, a next-generation network safeguard against DDoS attacks, utilizing advanced technology from Radware. The solution offers enhanced protection, automated defense, complete visibility, and real-time attack identification to provide secure, reliable connectivity for customers.

Radware introduces a new AI-powered, rule-free edition of its DNS DDoS Protection solution to accurately detect and block attack traffic without human intervention. The enhanced version significantly reduces time to resolution and total cost of ownership for DNS service providers and companies hosting their own DNS services. The solution offers automated AI-powered protection, shortest mean time-to-resolve, and a rule-free approach to drive lower total cost of ownership.