Radware Ltd. - RDWR STOCK NEWS

Radware (NASDAQ: RDWR) has announced a major deal with a global pharmaceutical company to enhance its cyber defenses. The customer, which operates in over 100 countries, has adopted Radware's comprehensive security suite, including DDoS protection and application delivery solutions. This partnership aims to combat increasing cyber threats while simplifying management through an integrated platform. Radware’s solutions, recognized for industry excellence, address the growing need for effective security in today's complex threat landscape, particularly amidst rising cyberattack incidents.

Radware (NASDAQ: RDWR) announced a multimillion-dollar deal to provide DDoS protection for a major SaaS communication provider. This solution enhances security against phantom flood attacks in a high-bandwidth hybrid environment. The company chose Radware's DefensePro after a proof-of-concept showing its advanced mitigation capabilities. With micro floods increasing 79% from 2020 to 2021, this deal underscores the growing need for sophisticated cybersecurity solutions.

Radware (NASDAQ: RDWR) announced its Q3 2022 results, reporting revenue of $70.5 million, a 4% decline year-over-year. Total Annual Recurring Revenue (ARR) increased by 6% to $195 million. Non-GAAP gross margin was 82.9% compared to 82.6% last year, with a non-GAAP EPS of $0.15, while GAAP net loss stood at $3.0 million or $0.07 per diluted share. CEO Roy Zisapel indicated that macro-economic pressures affected revenue, which fell below guidance.

Radware (NASDAQ: RDWR) announced that Bilfinger SE, a German industrial services provider with over 30,000 employees, has selected Radware's DefensePro® DDoS Protection and Cloud DDoS Protection Service to enhance its cyber defenses. This decision comes amid a 203% rise in global DDoS attacks during the first half of 2022. Radware's solutions facilitate low latency and robust protection against various cyber threats, ensuring network security. The company has been recognized as a leader in DDoS mitigation by Forrester and Quadrant Knowledge Solutions.

Radware (NASDAQ: RDWR) will announce its third quarter 2022 financial results on November 2, 2022. The company will host a conference call at 8:30 a.m. EDT to discuss these results and its outlook for the fourth quarter. Participants should join the call 15 minutes early to ensure their connection. The call will be available via telephone and web streaming, with a replay accessible for two days post-call. Radware is a leader in cyber security and application delivery solutions, catering to global enterprises and ensuring business continuity.

Radware (NASDAQ: RDWR), a leader in cyber security and application delivery solutions, has expanded its relationship with a Fortune 500 financial services provider in a multimillion-dollar deal. The provider extended its investment to include Radware’s Application Protection-as-a-Service, enhancing its defenses against cyberattacks. This cloud-based service utilizes machine learning for improved security. Radware's solutions have also received industry recognition, being named a leader in several security reports.

Radware (NASDAQ: RDWR) has launched a new cloud security center in Milan, Italy, aimed at enhancing its attack mitigation capacity and expanding its global footprint. This center will protect against the OWASP Top 10 Web Application Security Risks and various DDoS attacks. With a staggering 203% increase in DDoS attacks noted in the first half of 2022, Radware emphasizes its commitment to combat rising cyber threats. The company maintains over 10Tbps of mitigation capacity across 50+ global security centers, with additional facilities opened in Chile, Taiwan, and the UAE.

Radware (NASDAQ: RDWR) has released a report indicating critical challenges in achieving consistent application security across multi-cloud environments. Key findings reveal that 70% of organizations lack confidence in their ability to maintain robust security across platforms. Moreover, 69% acknowledged prior breaches due to discrepancies in security configurations. The report highlights a growing reliance on hybrid infrastructures, with 98% of respondents utilizing multiple types of data centers. Trust in public cloud security has significantly declined, impacting organizations' overall security postures.

Radware (NASDAQ: RDWR) announced the opening of a new cloud security center in Dubai, UAE, responding to regional demands for enhanced security services and low latency performance. This facility will provide faster mitigation against various cyber threats, including denial-of-service attacks and malicious bot traffic, while ensuring compliance with offshore data routing regulations. With over 10Tbps of mitigation capacity across its global network, Radware aims to enhance its cloud infrastructure and customer service in the face of rising cyber threats, which saw a 203% increase in DDoS attacks in the first half of 2022.