Core Viewpoint - Radware has signed a managed security service provider (MSSP) agreement with CHT Security to enhance application security solutions in response to increasing cyber threats in Taiwan [1][3][6] 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 [7] - CHT Security is a leading MSSP in Taiwan and a subsidiary of Chunghwa Telecom, providing cybersecurity services to over 300 large enterprises and more than 40,000 small and medium-sized enterprises [5] Industry Context - The frequency and intensity of cyber attacks are rising, with recent DDoS attacks targeting over 50 entities in Taiwan, including government and financial institutions [3] - The rapid advancement of network technology is creating security vulnerabilities for enterprise applications, increasing the risk of zero-day attacks and data breaches [3] Product Offerings - Radware's Cloud Application Protection Service includes a web application firewall (WAF), bot detection, API protection, and application-layer DDoS protection, defending against over 150 known attack vectors [4] - The service combines automation, AI algorithms, and 24/7 managed services to address various security risks, including OWASP's Top 10 Web Application Security Risks [4] Strategic Partnership - The partnership aims to leverage CHT Security's expertise and Radware's technology to provide enhanced multi-layered defense services against sophisticated cyber threats [5][6] - Both companies are focused on addressing the challenges faced by security teams in an evolving threat landscape [6]

MAHWAH, N.J., March 04, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it is holding its Hackers Challenge on March 13, 2025, in Lima, Peru at the Westin Lima Hotel and Convention Center. The flagship event, which brings together global security and technology experts from the private and public sector, will combine learning, collaboration and innovation to help companies solve their most pressing cybers ...

MAHWAH, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, released its 2025 Global Threat Analysis Report. Radware’s new report leverages intelligence provided by 2024 network and application attack activity sourced from the company’s cloud and managed services and threat intelligence research team. In addition, it draws from information found on Telegram, a public messaging platform often used by cy ...

MAHWAH, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a global leader in application security and delivery solutions for multi-cloud environments, released its 2025 Global Threat Analysis Report. Radware's new report leverages intelligence provided by 2024 network and application attack activity sourced from the company's cloud and managed services and threat intelligence research team. In addition, it draws from information found on Telegram, a public messaging platform often used by cyb ...

Core Viewpoint - Investors are encouraged to consider Radware (RDWR) due to solid improvements in earnings estimates and positive short-term price momentum [1][2] Earnings Estimate Revisions - Analysts are increasingly optimistic about Radware's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2] - The current quarter's earnings estimate is projected at $0.23 per share, reflecting a year-over-year increase of +43.75% and a 112.5% rise in consensus estimates over the last 30 days [4] - For the full year, earnings are expected to be $0.95 per share, indicating a year-over-year change of +9.2%, with a 46.94% increase in consensus estimates over the past month [5] Zacks Rank and Performance - Radware has achieved a Zacks Rank 2 (Buy), indicating promising estimate revisions that suggest potential outperformance compared to the S&P 500 [6] - Historically, Zacks 1 (Strong Buy) and 2 (Buy) stocks have significantly outperformed the S&P 500, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][6] Stock Performance - Radware shares have increased by 7.2% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [7]

Financial Data and Key Metrics Changes - Revenue for Q4 2024 grew 12% year-over-year to $73 million, while full year 2024 revenue increased by 5% to $275 million [25] - Total ARR grew 8% year-over-year to $227 million, with cloud ARR rising 19% to $77.3 million, accelerating from 15% growth in Q3 2024 [26] - Net income in Q4 more than doubled to $11.9 million compared to $5.5 million in the same period last year, and for the full year, net income for 2024 doubled to $37.7 million compared to $18.9 million in 2023 [32] Business Line Data and Key Metrics Changes - The cloud security business was a key driver of growth, with cloud ARR growth accelerating to 19% [8] - Cloud and subscription revenue accounted for 48% of total revenue in Q4 and 47% for the full year compared to 44% in both periods last year [26] - DefensePro X, the DDoS protection solution, saw continuous adoption and significant growth opportunities, including notable deals with service providers [14][16] Market Data and Key Metrics Changes - Revenue in the Americas increased 33% year-over-year to $32.8 million, accounting for 45% of total revenue [26] - EMEA revenue in Q4 was $23.3 million, a 6% year-over-year decline, while APAC revenue increased 8% year-over-year to $16.9 million [27] Company Strategy and Development Direction - The company plans to increase investment in cloud security, including opening new cloud security centers and enhancing R&D [9][22] - The focus remains on accelerating growth, particularly in cloud security and AI-driven solutions, with a target of close to $100 million ARR by the end of 2025 [10][22] Management's Comments on Operating Environment and Future Outlook - Management noted cautious spending by large enterprise customers due to rising cyber threats, driving demand for cloud security solutions [40] - The company is optimistic about growth opportunities in North America and plans to leverage OEM partnerships for revenue growth [42] Other Important Information - The company achieved a gross margin of 82.4% in Q4 2024, an expansion of 40 basis points compared to Q4 2023 [28] - Cash flow from operations in Q4 2024 reached $12.7 million compared to $2.7 million in the same period last year [33] Q&A Session Summary Question: Can you describe the environment in the different regions? - Management indicated cautious spending by large enterprises due to rising cyber threats, leading to increased cloud security purchases [40] Question: Should we expect increased R&D investment? - Management confirmed plans for increased investment in R&D and cloud security centers, reallocating resources internally [46] Question: Is the cloud ARR reacceleration related to changes in the go-to-market strategy? - Management stated that the growth was broad-based, with strong activity from both North America and international markets [52] Question: What is the competitive environment like now compared to a year ago? - Management highlighted a strong competitive position in cloud security, emphasizing advancements in security algorithms and AI capabilities [56] Question: Are there any integrations helping with partners or northbound interfaces? - Management confirmed ongoing enhancements in integrations with existing partners, including Cisco and Check Point, to improve customer offerings [60] Question: What is the trend regarding platformization in the market? - Management acknowledged the trend towards integrated solutions in the security market, with a focus on application and data center protection [68]

Investor Presentation February 2025 Safe Harbor This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware's plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as "believes," "expects," "anticipates," "intends," "estimates," "plans," and simila ...

Radware (RDWR) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this network management software maker would post earnings of $0.20 per share when it actually produced earnings of $0.23, delivering a surprise of 15%.Over the last four quarter ...

Exhibit 99.1 Radware Reports Fourth Quarter and Full Year 2024 Financial Results Financial Highlights for the Fourth Quarter and Full Year 2024 Revenue for the fourth quarter and full year of 2024 totaled $73.0 million and $274.9 million, respectively: • Revenue of $73 million, an increase of 12% year-over-year • Non-GAAP diluted EPS of $0.27 vs. $0.13 in Q4 2023; GAAP diluted EPS of $0.06 vs. $(0.14) in Q4 2023 • Revenue of $275 million, an increase of 5% year-over-year • Cloud ARR of $77.3 million, an inc ...

Fourth Quarter 2024 Financial Results and Highlights Revenue of $73 million, an increase of 12% year-over-yearNon-GAAP diluted EPS of $0.27 vs. $0.13 in Q4 2023; GAAP diluted EPS of $0.06 vs. $(0.14) in Q4 2023 Full Year 2024 Financial Results and Highlights Revenue of $275 million, an increase of 5% year-over-yearCloud ARR of $77.3 million, an increase of 19% year-over-yearNon-GAAP diluted EPS of $0.87 vs. $0.43 in 2023; GAAP diluted EPS of $0.14 vs. $(0.50) in 2023Cash flow from operations of $71.6 millio ...