MAHWAH, N.J., June 20, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced the launch of a new cloud security service center in Paris, France. The launch of the new facility extends Radware's DDoS attack mitigation capacity to 15Tbps across a network of more than 50 cloud security service centers worldwide. According to Radware's recent Global Threat Analysis Report, the number of malicious DDoS attacks rose 94% worldwide betwe ...

MAHWAH, N.J., June 04, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, has been named as a Strong Performer in the 2024 Gartner Peer Insights Voice of the Customer for Cloud Web Application and API Protection (WAAP) Report. According to the report, 99% of customers are "willing to recommend" Radware. Gartner defines cloud WAAP as a category of security solutions "that provide protection from a broad range of runtime attacks. It offer ...

MAHWAH, N.J., June 04, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, has been named as a Strong Performer in the 2024 Gartner Peer Insights Voice of the Customer for Cloud Web Application and API Protection (WAAP) Report. According to the report, 99% of customers are "willing to recommend" Radware. Gartner defines cloud WAAP as a category of security solutions "that provide protection from a broad range of runtime attacks. It offer ...

Core Viewpoint - Radware (RDWR) is showing solid improvement in earnings estimates, which may lead to continued stock price momentum [1][2] Earnings Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Radware's earnings prospects, which is expected to positively impact its stock price [2] - Current-quarter earnings estimate is $0.17 per share, representing a +70% change from the previous year, with a 100% increase in the Zacks Consensus Estimate over the last 30 days [5] - For the full year, the earnings estimate is $0.73 per share, indicating a +69.77% change from the year-ago figure, with a 260% increase in the consensus estimate over the past month [6] Zacks Rank - Radware has earned a Zacks Rank 2 (Buy), indicating a favorable outlook based on the positive estimate revisions [8] - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8] Stock Performance - Radware's stock has increased by 21.4% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [9]

Core Viewpoint - Radware (RDWR) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][2]. Earnings Estimates and Stock Price Movement - The Zacks rating system is effective for individual investors as it focuses on earnings estimate revisions, which are strongly correlated with near-term stock price movements [2][3]. - Institutional investors rely on earnings estimates to determine a company's fair value, leading to stock price movements based on their buying or selling activities [3]. Business Improvement Indicators - The upgrade in Radware's rating suggests an improvement in the company's underlying business, which should encourage investors to drive the stock price higher [4]. - For the fiscal year ending December 2024, Radware is expected to earn $0.73 per share, reflecting a 69.8% increase from the previous year, with a 260% increase in the Zacks Consensus Estimate over the past three months [7]. Zacks Rank System Overview - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [6]. - Only the top 20% of Zacks-covered stocks receive a 'Strong Buy' or 'Buy' rating, indicating superior earnings estimate revisions and potential for market-beating returns [8][10].

Radware Ltd. (NASDAQ:RDWR) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Yisca Erez - Director, IR Roy Zisapel - President and CEO Guy Avidan - CFO Conference Call Participants Alex Henderson - Needham & Company Chris Reimer - Barclays George Nader - Jefferies Timothy Horan - Oppenheimer Operator Welcome to the Radware Conference Call discussing First Quarter 2024 Results and thank you all for holding. At this time, all lines have been placed on mute to prevent any background ...

Financial Performance - Revenue for Q1 2024 totaled $65.1 million, a decrease of 6% year-over-year[5] - GAAP net loss for Q1 2024 was $1.2 million, or $(0.03) per diluted share, compared to a net loss of $3.1 million, or $(0.07) per diluted share in Q1 2023[4] - Non-GAAP net income for Q1 2024 was $6.8 million, or $0.16 per diluted share, up from $6.1 million, or $0.14 per diluted share in Q1 2023[4] - GAAP gross profit for Q1 2024 was $52.273 million, down from $55.735 million in Q1 2023, representing a decrease of approximately 8.8%[25] - Non-GAAP operating income for Q1 2024 was $4.296 million, slightly down from $4.421 million in Q1 2023, indicating a decrease of about 2.8%[25] - Adjusted EBITDA for Q1 2024 was $6.247 million, down from $6.507 million in Q1 2023, a decline of approximately 4%[27] - The company reported a GAAP net loss of $1.222 million in Q1 2024, an improvement from a net loss of $3.081 million in Q1 2023[27] Revenue Breakdown - Revenue in the Americas region was $27.1 million, unchanged from Q1 2023[6] - EMEA region revenue decreased by 24% to $22.7 million from $29.7 million in Q1 2023[6] - APAC region revenue increased by 25% to $15.3 million from $12.2 million in Q1 2023[6] Cash Flow and Liquidity - Cash flow from operations was $21.1 million in Q1 2024[5] - Cash flow from operating activities improved significantly to $21.122 million in Q1 2024 compared to a cash outflow of $1.236 million in Q1 2023[29] - As of March 31, 2024, the company had cash, cash equivalents, and marketable securities totaling $382.8 million[7] - Cash and cash equivalents at the end of Q1 2024 were $74.626 million, up from $41.882 million at the end of Q1 2023, an increase of approximately 78.2%[29] Deferred Revenues - The company experienced an increase in deferred revenues to $8.894 million in Q1 2024, compared to $746,000 in Q1 2023, indicating strong future revenue recognition[29] Strategic Focus - The company aims to leverage growth in its cloud security business and partner channels to improve profitability in 2024[3] Operating Expenses - Total operating expenses decreased to $55.936 million in Q1 2024 from $61.316 million in Q1 2023, a reduction of approximately 8.7%[25] Cloud Performance - Cloud ARR reached $67.0 million, reflecting a 22% year-over-year growth[5]

FORM 20-F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 ...

Radware Ltd. (NASDAQ:RDWR) Q4 2023 Earnings Conference Call February 7, 2024 8:30 AM ET Company Participants Yisca Erez - Director, IR Roy Zisapel - President and CEO Guy Avidan - CFO Conference Call Participants Alex Henderson - Needham & Company Chris Reimer - Barclays Operator Welcome to the Radware Conference Call discussing Fourth Quarter and Full Year 2023 Results, and thank you all for holding. As a reminder, this conference is being recorded February 7, 2024. I would now like to turn this call over ...

$19M $23M $34M $44M $53M $65M Q4 2018 Q4 2019 Q4 2020 Q4 2021 Q4 2022 Q4 2023 +27% $145M $155M $174M $190M $202M $211M Q4 2018 Q4 2019 Q4 2020 Q4 2021 Q4 2022 Q4 2023 +8% $138M $148M $169M $185M $197M $211M Q4 2018 Q4 2019 Q4 2020 Q4 2021 Q4 2022 Q4 2023 +9% Total ARR ($M) Total ARR Excluding Customer ($M) Q4 2023 Financial Data Technology Excellence Reduce TCO With Fully Managed Services Take the Burden Off Your Shoulders Market Leaders in Customer Recognition WORLD'S ECOMMERCE COMPANIES ``: radware * Tota ...