Core Insights - The report by Radware highlights a significant shift in credential stuffing attacks, moving from volume-based methods to sophisticated, multi-stage infiltration techniques [1][2] Attack Methodologies - 94% of analyzed configurations implement four or more business logic attack elements, with 54% demonstrating advanced orchestration using over 13 distinct techniques [6] - 83% of configurations contain explicit API-targeting techniques [6] - 24% of attack scripts alternate between two device types during execution, with 71% employing cross-platform transitions, primarily between iOS and Windows [6] Target Industries - The primary target sector for these attacks is Technology/SaaS at 27%, followed by financial services/government at 16%, and travel/airline at 13% [6] - High-value AI tools are targeted in 44% of all technology-related attacks, indicating a shift towards exploiting these tools for phishing content [6] - Corporate tools, including Microsoft 365, OneDrive, and Outlook, are also significant targets for ransomware groups seeking initial access to organizational systems [6] Threat Actor Concentration - 51% of the analyzed configurations were created by just three advanced threat actors, indicating a concentration of expertise in the field [6] - Each of these threat actors has over two years of operational experience in specialized areas such as AI platform authentication bypass and mobile API exploitation [6]

Financial Data and Key Metrics Changes - Revenue increased by 10% year over year to $74 million, marking the fourth consecutive quarter of double-digit revenue growth [5][15] - Non-GAAP earnings per share rose by 39% year over year to $0.28, reflecting the scalability and efficiency of the business model [5][20] - Cash flow from operations was $14.5 million, down from $23 million in the same quarter last year [20] - Net income increased by 43% year over year to $12.6 million compared to $8.8 million in Q2 2024 [20] Business Line Data and Key Metrics Changes - Cloud ARR growth accelerated from 19% to 21% year over year, reaching $85 million [6][16] - Total ARR increased by 8% year over year to $235 million, with recurring revenue now representing 84% of total revenue, up from 82% in Q2 2024 [16] - Operating income grew more than 50% year over year to $9.5 million [18] Market Data and Key Metrics Changes - Americas revenue remained stable year over year at $30.1 million, accounting for 41% of total revenue [16] - EMEA revenue increased by 22% year over year to $27.8 million, representing 37% of total revenue [16] - APAC revenue grew by 30% year over year to $16.3 million, contributing 22% of total revenue [17] Company Strategy and Development Direction - The company focuses on three strategic pillars: gaining market share in cloud security, leading with AI-driven innovation, and expanding market presence [6][14] - The cloud security business is identified as the primary growth engine, with significant wins in API protection solutions and partnerships with major organizations [7][13] - Continued investment in sales, marketing, and R&D is planned to capitalize on robust demand for security offerings [18][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the current momentum and strategic focus, anticipating long-term growth opportunities [14][21] - The operating environment is characterized by budget constraints and long sales cycles, particularly in the enterprise market [40] - The company expects total revenue for 2025 to be in the range of $74.5 million to $75.5 million [21] Other Important Information - The company has been recognized as a leader in application and API security by GigaOM, highlighting its competitive position [8] - The effective tax rate for the quarter was 15.4%, consistent with the previous year [20] Q&A Session Summary Question: Early returns from sales and marketing investments - Management noted that investments in North America are paying off, with stronger pipeline and better customer engagement [26][28] Question: Progress on DefensePro X - All on-premise DDoS mitigation sales are now from DefensePro X, which is expected to drive subscription revenue [33] Question: Dynamics in the carrier segment - Management observed opportunities in the carrier segment, particularly in MSSP business partnerships [39] Question: Changes in MSSP business models - There is a shift in MSSP portfolios to meet increasing customer compliance demands [46] Question: Competitive environment - Management reported an increase in win ratios and confidence in their competitive position, with no significant new entrants noted [48][50]

Investor Presentation July 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 similar ex ...

Radware shares have added about 25.7% since the beginning of the year versus the S&P 500's gain of 8.3%. Radware (RDWR) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.2 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of +7.69%. A quarter ago, it was expected that this network management software maker would post earnings of $0.23 per ...

Core Insights - Radware reported strong financial performance for Q2 2025, with a revenue of $74.2 million, reflecting a 10% year-over-year increase. The company emphasized the growth in cloud Annual Recurring Revenue (ARR), which accelerated to 21% [2][9]. Financial Highlights - Revenue for Q2 2025 was $74.2 million, up from $67.3 million in Q2 2024 [9][20]. - GAAP net income for Q2 2025 was $4.2 million ($0.09 per diluted share), compared to $1.7 million ($0.04 per diluted share) in Q2 2024 [3][20]. - Non-GAAP net income for Q2 2025 was $12.6 million ($0.28 per diluted share), an increase from $8.8 million ($0.20 per diluted share) in Q2 2024 [3][20]. - Cash flow from operations was $14.5 million in Q2 2025 [4][23]. Regional Performance - Revenue in the Americas was $30.1 million, unchanged from Q2 2024 [10]. - Revenue in the EMEA region increased by 22% to $27.8 million from $22.8 million in Q2 2024 [10]. - Revenue in the Asia-Pacific region rose by 13% to $16.3 million from $14.4 million in Q2 2024 [10]. Cash and Assets - As of June 30, 2025, the company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities totaling $459.1 million [4][18]. - The total assets of the company increased to $658.5 million as of June 30, 2025, compared to $618.7 million at the end of 2024 [18]. Operational Metrics - The company’s cloud ARR reached $85 million, marking a 21% increase year-over-year [9]. - Total operating expenses for Q2 2025 were $57.1 million, compared to $55.4 million in Q2 2024 [20]. Management Commentary - The CEO highlighted the focus on cloud security as the primary growth engine and the importance of AI innovation in maintaining competitive leadership [2].

MAHWAH, N.J., July 29, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it signed managed security service provider (MSSP) agreements with Epcom World Industries, Inc., GLESEC, North Atlantic Networks and Tech Pro. The four U.S. based companies are adding Radware's Cloud Application Protection Services to their managed services portfolios to scale their businesses and expand their security offerings ...

Core Viewpoint - Radware, a leader in application security and delivery solutions, is set to announce its second quarter results on July 30, 2025, and will provide an outlook for the third quarter of 2025 [1][2]. Company Overview - Radware specializes in application security and delivery solutions for multi-cloud environments, utilizing AI-driven algorithms for real-time protection against sophisticated cyber threats [3]. - The company's solutions are relied upon by enterprises and carriers globally to address evolving cybersecurity challenges while reducing operational costs [3]. Conference Call Details - The management will host a conference call on July 30, 2025, at 8:30 AM EDT to discuss the second quarter results and future outlook [2]. - Participants are encouraged to join the call 15 minutes early, with toll-free numbers provided for both US and international participants [2]. Replay Information - A replay of the conference call will be available for seven days after the call, accessible via specified telephone numbers [3].

Company Performance - Radware's shares have increased by 11.8% over the past month, reaching a new 52-week high of $27.11 [1] - Year-to-date, Radware has gained 18.1%, outperforming the Zacks Computer and Technology sector's 1.1% and the Zacks Internet - Software industry's 11.2% [1] Earnings and Revenue Expectations - Radware has consistently exceeded earnings estimates, reporting EPS of $0.27 against a consensus estimate of $0.23 in its last earnings report [2] - For the current fiscal year, Radware is projected to achieve earnings of $1.05 per share on revenues of $295.2 million, reflecting a 20.69% increase in EPS and a 7.39% increase in revenues [3] - The next fiscal year is expected to see earnings of $1.13 per share on $314 million in revenues, indicating year-over-year changes of 7.62% and 6.37%, respectively [3] Valuation Metrics - Radware's current trading metrics show a P/E ratio of 25.3X for the current fiscal year, below the peer industry average of 27.4X [7] - On a trailing cash flow basis, Radware trades at 47.5X compared to the peer group's average of 25.5X, suggesting it is not among the top value stocks [7] Zacks Rank and Style Scores - Radware holds a Zacks Rank of 2 (Buy) due to rising earnings estimates, aligning with investment recommendations for stocks with Zacks Rank of 1 or 2 and Style Scores of A or B [8] - The company has a Value Score of D, while its Growth and Momentum Scores are A and B, respectively, resulting in a combined VGM Score of B [6] Industry Context - The Internet - Software industry ranks in the top 22% of all industries, indicating favorable conditions for both Radware and its peers [11] - Creative Realities, Inc. (CREX), a peer company, has a Zacks Rank of 1 (Strong Buy) and has shown strong earnings performance, gaining 62.6% over the past month [9][10]

Core Insights - Skyhawk Security has launched a partner program aimed at enhancing its channel-first strategy, allowing value-added resellers (VARs), managed security service providers (MSSPs), and consultants to meet the growing demand for cloud security solutions [1][2] Partner Program Structure - The partner program is designed to be flexible, accommodating partners of various sizes and business models, enabling them to engage at a level that suits their operations [3] - The program includes different partner types: Referral Partners, Reseller Partners (VARs), and MSSPs, each with tailored benefits and support structures [7] Program Benefits - Partners will benefit from protected deal registration, immediate access to a partner portal with marketing and sales resources, and consultative support from Skyhawk's teams [4] - By Q3 2025, partners will have access to an on-demand training curriculum to enhance sales and technical capabilities [4] Security Solution Features - Skyhawk's platform consolidates visibility into a single view, providing continuous threat detection without disrupting production systems [5] - The platform utilizes a real-time digital twin of each customer's cloud environment to enhance threat detection and reduce alert noise [5] Advanced Capabilities - The recent expansion of AI-driven Autonomous Purple Team capabilities allows for proactive validation of exposure by simulating real-world attacker behavior [6] - This positions partners to offer differentiated security services, increasing customer trust and retention [6] Company Background - Skyhawk Security is recognized as the originator of Cloud Threat Detection and Response (CDR), employing a multi-layer AI approach to preemptively identify and mitigate cloud threats [8]

Core Insights - The report highlights a significant gap in cybersecurity defenses, particularly against AI threats and API vulnerabilities, with only 8% of organizations currently utilizing AI-based protection solutions [3][17] - There is a growing concern regarding business logic attacks, with many organizations lacking adequate training and documentation to effectively mitigate these risks [6][17] Group 1: Cybersecurity Landscape - The weaponization of AI by malicious actors is intensifying cybersecurity threats, leading to increased vulnerabilities in web applications and APIs [4][17] - Organizations are experiencing a surge in API usage, with a 42% increase in 2025 compared to 2023, yet they remain poorly protected against associated risks [17] - Only 29% of security staff are fully trained to handle API business logic attacks, indicating a significant skills gap in the industry [6][17] Group 2: Organizational Preparedness - A lack of confidence in defensive measures is prevalent, with many organizations admitting to major concerns about their cybersecurity readiness [8][17] - On average, only 6% of organizations have full documentation for all their APIs, which complicates risk management [3][17] - Half of the respondents are unaware of the third-party code being used in their applications, raising concerns about data security [6][17] Group 3: Financial Implications - Downtime caused by application DDoS attacks can be costly, averaging $6,100 per minute or $366,000 per hour [17] - Organizations face high compliance pressures, with 54% expressing significant concern regarding various regulations [17]