TEL AVIV, Israel, April 09, 2025 (GLOBE NEWSWIRE) -- Skyhawk Security, the originator of cloud threat detection and response (CDR), proudly announces the appointment of its new Channel Director, Jennifer Duman. She brings more than 20 years of experience to the role, with a proven track record of accelerating revenue growth for startups and building successful channel programs from the ground up. Duman will spearhead Skyhawk's channel-first strategy, which empowers MSSPs and value-added resellers (VARs) to ...

Core Viewpoint - Radware, a leader in application security and delivery solutions, is set to announce its first quarter results on May 7, 2025, and will provide an outlook for the second 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 designed to help enterprises and carriers address evolving cybersecurity challenges while reducing operational costs [3]. Conference Call Details - The management will host a conference call on May 7, 2025, at 8:30 a.m. EDT to discuss the first quarter results and the outlook for the second quarter [2]. - Participants are encouraged to join the call approximately 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 specific telephone numbers [3].

Financial Performance - As of December 31, 2024, the company's cash, cash equivalents, short- and long-term bank deposits, and marketable securities totaled $419.7 million, an increase from $363.7 million as of December 31, 2023[118]. - The company reported net financial income of $16.6 million for the year ended December 31, 2024, compared to $13.9 million for the year ended December 31, 2023, primarily driven by changes in foreign currency exchange rates and interest income[119]. - The amount of goodwill and intangible assets on the consolidated balance sheets was approximately $79.8 million as of December 31, 2024, down from $83.7 million as of December 31, 2023[111]. - The amount of intangible assets and goodwill may lead to significant impairment charges in the future[111]. Regulatory and Compliance Risks - The company is subject to evolving laws and regulations, particularly in data privacy and cybersecurity, which could lead to substantial compliance costs[105]. - The General Data Protection Regulation (GDPR) and UK Data Protection Laws impose strict compliance requirements that could result in fines and increased costs if not adhered to[106]. - The company may need to invest significant resources in compliance with evolving data privacy and cybersecurity regulations globally[106]. - Changes in tax laws have resulted in increased tax liabilities, particularly for international corporations, which may adversely affect financial results[113]. - The OECD's BEPS initiative may lead to significant changes in international tax systems, affecting the company's tax obligations and operations[114]. - The company has reported that significant changes in U.S. taxation of international business activities could materially affect its financial condition and results of operations[117]. Market and Economic Conditions - The company is subject to market fluctuations that may impact the fair value of its investments, particularly in light of rising inflation and interest rates[118]. - The company's investment portfolio includes a significant amount of interest rate-sensitive instruments, which may be adversely affected by changes in interest rates, particularly with current benchmark interest rates being relatively high[120]. - Political, economic, and military instability in the Middle East, including the ongoing conflict since October 2023, poses risks to the company's operations and financial results[150]. - The company faces potential adverse impacts from sanctions and export controls related to the ongoing conflict in Ukraine, which could affect its ability to perform existing contracts and pursue new business opportunities[129]. - Moody's downgraded the Government of Israel's foreign-currency and local-currency issuer ratings to BAA1 from A2 in September 2024, and S&P Global downgraded Israel's long-term ratings to A from A+, which may adversely affect macroeconomic conditions[153]. Operational Risks - The company faces risks related to third-party intellectual property claims, which could result in costly litigation and impact operations[104]. - The company is in the process of implementing a new cloud-based ERP system, which commenced in January 2025, requiring significant personnel and financial resources[123]. - Approximately 3% of the total workforce was called to perform immediate military service during the October 2023 war, which could disrupt operations due to the absence of key employees[152]. - The company faces potential adverse impacts on business operations due to ongoing boycotts against Israeli firms, intensified since the October 2023 war[154]. Shareholder and Ownership Structure - The estate of the late Yehuda Zisapel beneficially owned approximately 2.47% of the outstanding ordinary shares, while Nava Zisapel and Roy Zisapel owned approximately 6.79% and 5.06% respectively, indicating a significant concentration of ownership that could influence shareholder decisions[140]. - Shareholder rights and responsibilities are governed by Israeli law, which may impose additional obligations compared to U.S. corporations[162]. Environmental, Social, and Governance (ESG) Risks - The company faces risks related to ESG matters, including potential increased costs and reputational harm if it fails to meet stakeholder expectations[136]. - The emphasis on ESG matters may lead to new laws and regulations, and failure to comply could adversely impact the company's reputation and business[135]. - Climate change poses long-term operational risks, including potential impacts on supply chains and regulatory compliance costs[134]. Legal and Jurisdictional Challenges - The company may be subject to litigation that could negatively affect its business operations and financial condition, including securities class actions and shareholder derivative actions[138]. - Enforcement of U.S. judgments against the company may be difficult due to its incorporation in Israel and the location of its assets and directors[159]. - Israeli courts may refuse to hear U.S. securities law claims, complicating legal proceedings for shareholders[160]. - Conditions for enforcing U.S. judgments in Israel include the judgment being final, non-appealable, and not obtained by fraud[161]. Government Support and Taxation - The company benefits from government programs and tax benefits in Israel, but failure to meet conditions could lead to increased taxes and decreased net profit[157]. - The company has received grants from the Israeli Innovation Authority, which impose restrictions on manufacturing and technology transfer outside of Israel[158].

Core Insights - Radware has been recognized as a Strong Performer in The Forrester Wave: Web Application Firewall Solutions, Q1 2025, highlighting its position among the top 10 web application firewall vendors [1][2] Company Performance - Radware achieved the highest scores across six criteria in the Forrester report, including detection models, roadmap, and pricing flexibility and transparency [2] - The company has made significant investments in AI and automation, exemplified by the AI SOC Xpert tool that summarizes incidents and recommends mitigations [2] Product Offerings - Radware's Web Application Firewall (WAF) is part of its Cloud Application Protection Service, which includes bot detection, API protection, client-side protection, and application-layer DDoS protection [2] - The comprehensive solution defends against over 150 known attack vectors, including the OWASP's Top 10 Web Application Security Risks and Top 10 API Security Vulnerabilities [2] Industry Recognition - Radware has received recognition from various industry analysts, including Aite-Novarica Group, Gartner, KuppingerCole, and QKS Group, for its application and network security solutions [3]

Core Viewpoint - Radware has launched a new data center in Lima, Peru, as part of its ongoing investment in its global data center network and to enhance its services in Latin America [1][3]. Company Expansion - The new facility in Peru is part of Radware's network of over 50 data centers, which collectively offer a mitigation capacity of 15 Tbps [1]. - The expansion aims to provide local customers with enhanced cyber protection and support from local experts [3]. Cybersecurity Landscape - According to Radware's 2025 Global Threat Analysis Report, web DDoS attacks increased by 550%, while web application and API attacks rose by 41% from 2023 to 2024 [3]. - The company's services include comprehensive protection against various cyber threats, including DDoS attacks, web application attacks, and bot traffic [5]. Service Offerings - Radware provides a range of cloud protection services, including web application and API protection, bot protection, and mobile application protection [5]. - The company is recognized as a market leader in cybersecurity by industry analysts such as Gartner and Aite-Novarica Group [5]. Operational Efficiency - The global network of data centers allows Radware to mitigate attacks close to their origin, improving application response times and reducing mitigation response times for various cyber threats [4]. - Keeping data local helps organizations comply with strict data privacy regulations [4].

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]

Core Viewpoint - Radware is hosting its Hackers Challenge on March 13, 2025, in Lima, Peru, aimed at addressing pressing cybersecurity issues through collaboration and innovation among global security and technology experts [1][2]. Group 1: Event Details - The Hackers Challenge will feature live demonstrations where hackers attempt to breach protected web applications, allowing the audience to learn about effective defense strategies [2]. - Participants will gain insights into using artificial intelligence to manage security vulnerabilities across corporate networks [3]. Group 2: Company Commitment and Regional Presence - Radware emphasizes its commitment to cybersecurity innovation in Latin America, where it has operated for nearly 20 years, and plans to strengthen cybersecurity capabilities in the region [4]. - The company has a significant presence in Latin America, with operations in multiple countries and cloud security service centers in Chile and Brazil, contributing to a global network of over 50 centers with a combined mitigation capacity of 15 Tbps [4]. Group 3: Company Overview - Radware is recognized as 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 [6].

Core Insights - Radware released its 2025 Global Threat Analysis Report, highlighting significant changes in the threat landscape driven by geopolitical conflicts, complex threat surfaces, and the impact of AI on cyberattacks [1][3] Threat Landscape Overview - The report indicates that multiple factors contributed to the escalation of cyber threats in 2024, including geopolitical tensions and the accessibility of sophisticated attack tools [3] - AI has lowered barriers to entry for cybercriminals, increasing the number of adversaries and enabling novice actors to launch successful attacks [3] DDoS Attack Trends - Layer 7 (L7) Web DDoS attacks surged, primarily linked to hacktivist groups motivated by geopolitical issues [4] - The volume, frequency, and duration of network DDoS attacks more than doubled since 2022, indicating a significant escalation in threat levels [4] - Total Web DDoS attacks increased by 550% compared to 2023, with EMEA accounting for 78% of global incidents [6] Industry-Specific Impacts - The financial sector experienced a nearly 400% year-over-year growth in DDoS attack volume, with telecommunications and transportation also facing significant increases [5][6] - North America faced 66% of web application and API attacks, highlighting a concentrated threat in this region [5][7] Attack Characteristics - The average duration of network DDoS attacks increased by 37% over 2023, with the average mitigated attack volume rising by 120% [6] - Hacktivist claims rose by 20% globally, with government institutions being the top targets [5][14] Vulnerability Exploitation - Attackers are increasingly exploiting known vulnerabilities in web applications and APIs, with vulnerability exploitation comprising over one-third of all malicious requests [8][14] - The financial sector accounted for 44% of total L7 DNS attack activity, indicating a targeted approach by cybercriminals [7][14]

Core Insights - Radware released its 2025 Global Threat Analysis Report, highlighting significant changes in the cybersecurity landscape driven by geopolitical conflicts, complex threat surfaces, and the impact of AI on cyber threats [1][3]. Threat Landscape - The report indicates that multiple factors contributed to a "threat revolution" in 2024, including geopolitical tensions and the accessibility of sophisticated tools for cybercriminals [3]. - AI has lowered barriers to entry for malicious actors, increasing the number of adversaries and enabling novice actors to launch successful attacks [3]. DDoS Attack Trends - Layer 7 (L7) Web DDoS attacks surged, primarily linked to hacktivist groups motivated by geopolitical issues [4]. - Total Web DDoS attacks increased by 550% compared to 2023, with the average mitigated attack volume rising by 120% [6]. - The average duration of network DDoS attacks increased by 37% over 2023 [5][6]. Geographic and Industry Targets - EMEA accounted for 78% of global DDoS incidents, with North America facing 66% of web application and API attacks [6][7]. - The telecommunications sector experienced 43% of global network DDoS attack volume, followed by finance at 30% [6][14]. - Ukraine was the most targeted nation with 2,052 claimed attacks, followed by Israel and the United States [7][14]. Hacktivism and Attack Dynamics - Hacktivist campaigns intensified, with a 20% increase in claims globally, targeting government institutions primarily [5][14]. - The financial sector accounted for 44% of total L7 DNS attack activity, with healthcare and telecom following [7][14]. - Vulnerability exploitation remained the most prominent attack type, comprising over one-third of all malicious requests [14].

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]