Core Viewpoint - Radware held its Annual General Meeting of Shareholders on October 10, 2024, where three proposals were presented, with one proposal regarding equity-based awards for the CEO not being adopted [1]. Company Overview - Radware is a global leader in application security and delivery solutions for multi-cloud environments, utilizing AI-driven algorithms for real-time protection against sophisticated cyber threats [2]. - The company's solutions are designed to help enterprises and carriers address evolving cybersecurity challenges while reducing operational costs [2]. Shareholder Meeting Outcomes - Out of the three proposals presented at the Annual General Meeting, two were adopted by the requisite shareholder vote, while the proposal for equity-based awards to the President and CEO was not approved [1].

MAHWAH, N.J., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today introduced a new Threat Intelligence Service designed to help security operation center (SOC) teams, threat researchers, and incident responders enhance threat detection, identify compromised systems, and ultimately lower MTTR. The service, which is an expansion of Radware's cloud security platform, offers them unique, real-time intellige ...

TEL AVIV, Israel, Oct. 02, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, will announce its third quarter 2024 financial results on Thursday, October 31, 2024. Conference Call Details Radware management will host a call on Thursday, October 31, 2024, at 8:30 a.m. EDT to discuss its third quarter 2024 results and outlook for the fourth quarter of 2024. Participants are advised to join the call approximately 15 min ...

MAHWAH, N.J., Sept. 18, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it closed a multimillion-dollar expansion deal with a leading European stock exchange. The multinational leader upgraded its Radware DDoS Protection Services to include Radware's recently released DefensePro® X and Cyber Controller as well as its Emergency Response Team (ERT) managed services. The international financial exchan ...

MAHWAH, N.J., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, has been named a major player in the IDC MarketScape: Worldwide Web Application and API Protection (WAAP) Enterprise Platforms 2024 Vendor Assessment (doc #US51795524, September 2024). The report noted, "Behavior-based detections and multiple machine learning models are powering threat detection for better detection accuracy, especially with z ...

TEL AVIV, Israel, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), is a global leader in application security and delivery solutions for multi-cloud environments, today announced that its 2024 Annual General Meeting of Shareholders will be held on Thursday, October 10, 2024, at 3:00 p.m. (Israel time), at the offices of the Company, 22 Raoul Wallenberg Street, Tel Aviv, Israel. The record date for the Annual General Meeting is September 6, 2024. The agenda of the Annual General Meeting is as foll ...

Worldwide geopolitical tensions drive attacks with emphasis on the application infrastructure News Highlights In the first half of 2024: Application-Layer DNS DDoS attack activity quadruples compared to the first half of 2023 North American online applications and APIs shoulder 66% of web attacks EMEA organizations face more than 90% of web DDoS attacks Finance organizations experience 44% of network-layer DDoS attacks The average number of Pro-Russian attacks targeting Ukraine doubles compared to the avera ...

Radware (RDWR) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.65%. A quarter ago, it was expected that this network management software maker would post earnings of $0.14 per share when it actually produced earnings of $0.16, delivering a surprise of 14.29%. Over the last four qua ...

Financial Performance - Revenue for the second quarter of 2024 totaled $67 million, representing a 3% increase year-over-year [1] - Cloud Annual Recurring Revenue (ARR) reached $70 million, marking a 19% year-over-year increase [1] - Non-GAAP operating expenses decreased by 6% year-over-year to $49 million [1] - Non-GAAP diluted EPS was $0.20, compared to $0.10 in the second quarter of 2023 [18] - GAAP net income for the second quarter of 2024 was $1.7 million, or $0.04 per diluted share, a significant improvement from a net loss of $5.8 million, or $(0.13) per diluted share, in the same quarter of 2023 [2][18] Regional Revenue Breakdown - Revenue in the Americas region was $30.1 million for the second quarter of 2024, an increase of 12% from $26.8 million in the second quarter of 2023 [17] - Revenue in the Europe, Middle East, and Africa (EMEA) region was $22.8 million, a slight increase of 1% from $22.6 million in the second quarter of 2023 [17] - Revenue in the Asia-Pacific (APAC) region was $14.4 million, a decrease of 11% from $16.2 million in the second quarter of 2023 [17] Cash Flow and Financial Position - Cash flow from operations was $23 million in the second quarter of 2024 [3] - As of June 30, 2024, the company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities totaling $396.6 million [3] Management Commentary - The CEO expressed satisfaction with the second quarter results, highlighting the successful launch of Radware EPIC-AI™ and its potential impact on future growth [1]

MAHWAH, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced the launch of its proprietary Radware EPIC-AI™, which adds multiple layers of AI-powered intelligence and capabilities across its application and network security solutions and services. EPIC-AI infuses state-of-the-art AI and generative AI algorithms across Radware's security solutions to deliver precise, hands-free, consistent protections across ...