Core Insights - Radware is implementing an aggressive growth strategy in the U.S. market, focusing on expanding its cloud services and enhancing its application security solutions [1][2] - The company has reported strong first-quarter financial results, which supports its expansion efforts [1] Leadership and Team Expansion - Radware has appointed new U.S. executives, including Constance Stack as chief growth officer, Randy Wood as senior vice president of North American sales, and Joshua Bafalis as director of acquisition sales [3][4] - The new leadership team is tasked with driving revenue growth and increasing market share in the U.S. [2][8] - The company has filled over 30 new positions across various departments to support its growth initiatives [5] Strategic Partnerships and Technology - Radware has formed a new partnership with SUSE to enhance its Kubernetes Web Application and API Protection (KWAAP) solutions [6] - The collaboration aims to provide a comprehensive security solution for modern application developers [6] AI Innovation - The company has launched AI SOC Xpert, a next-generation cloud service designed to combat AI-driven threats, which significantly reduces the mean time to resolution by up to 95% [7] - This service is part of Radware's EPIC-AI™ platform, enhancing its capabilities in threat detection and response [7] Market Positioning - Radware's leadership emphasizes the company's unique ability to provide both on-premises and cloud solutions, addressing the needs of enterprises transitioning to the cloud [8] - The executives express confidence in Radware's technology and its potential to outperform competitors in the application security market [8]

Core Insights - Radware reported a strong start to 2025 with first quarter revenue increasing by 11% year-over-year, marking the third consecutive quarter of double-digit growth [2][3] - The company achieved a GAAP net income of $4.3 million, or $0.10 per diluted share, compared to a net loss of $1.2 million, or $(0.03) per diluted share, in the same quarter of 2024 [3][21] - Non-GAAP net income for the first quarter of 2025 was $11.8 million, or $0.27 per diluted share, up from $6.8 million, or $0.16 per diluted share, in Q1 2024 [3][9] Financial Performance - Total revenue for Q1 2025 was $72.1 million, reflecting an 11% increase from $65.1 million in Q1 2024 [3][21] - Cash flow from operations was reported at $22.4 million for the first quarter of 2025, with a trailing twelve-month cash flow of $72.9 million [4][9] - The company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities totaling $447.9 million as of March 31, 2025 [4] Regional Revenue Breakdown - Revenue in the Americas for Q1 2025 was $27.4 million, a slight increase of 1% from $27.1 million in Q1 2024 [10] - Revenue in the EMEA region reached $28.4 million, representing a significant increase of 25% from $22.7 million in Q1 2024 [10] - The Asia-Pacific region generated $16.3 million in revenue, up 7% from $15.3 million in the same quarter of 2024 [10] Key Performance Indicators - The company's Cloud Annual Recurring Revenue (ARR) was reported at $80 million, reflecting a 19% increase year-over-year [9] - Non-GAAP diluted EPS increased to $0.27 from $0.16 in Q1 2024, while GAAP diluted EPS improved from $(0.03) to $0.10 [9][21]

Core Insights - Radware has launched new cloud security service centers in Chennai and Mumbai, India, and Nairobi, Kenya, expanding its global network to over 50 centers with a mitigation capacity of up to 15 Tbps [1][2] Group 1: Company Developments - The new service centers will enhance Radware's ability to mitigate attacks close to their origin, improving application response times and reducing mitigation response times against various attacks [2] - Radware's ongoing investments in its security network are crucial for its cloud security growth strategy, emphasizing the importance of cloud innovation in providing industry-leading cyber protection [4] - The company has received multiple awards for its DDoS mitigation and application protection solutions, being recognized as a market leader by various industry analysts [4] Group 2: Industry Trends - According to Radware's 2025 Global Threat Analysis Report, web DDoS attacks surged by 550% globally, while web application and API attacks increased by 41% from 2023 to 2024, indicating a significant rise in cyber threats [3] - The increasing frequency, magnitude, and sophistication of cyber threats highlight the growing need for advanced security solutions in the industry [4] Group 3: 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 [5] - Enterprises and carriers worldwide rely on Radware's solutions to address evolving cybersecurity challenges while reducing costs [5]

Expands relationship with U.S. Fortune 500 fintech across full cloud DDoS and application security suiteMAHWAH, N.J., May 01, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it recorded a major customer win, securing its largest cloud security services agreement to date. The multi-year, multimillion dollar agreement is part of a renewal and expanded relationship with a global, Fortune 500 financial ...

Group 1: Radware Overview - Radware (RDWR) shares increased by 5.5% to $22.24, following a strong market recovery amid easing US-China trade tensions [1] - The stock had previously experienced an 8.4% decline over the past four weeks [1] - The upcoming quarterly earnings are expected to be $0.23 per share, reflecting a year-over-year increase of 43.8%, with revenues projected at $70.5 million, up 8.3% from the previous year [2] Group 2: Earnings Estimates and Market Position - The consensus EPS estimate for Radware has remained unchanged over the last 30 days, indicating a lack of upward revisions which typically correlate with stock price movements [3] - Radware holds a Zacks Rank of 3 (Hold), suggesting a neutral outlook [3] - The company is part of the Zacks Internet - Software industry, which includes other players like Fastly (FSLY) [3] Group 3: Fastly Overview - Fastly's consensus EPS estimate for the upcoming report is -$0.06, representing a year-over-year decline of 20% [4] - Fastly currently has a Zacks Rank of 4 (Sell), indicating a negative outlook [4]

Core Points - Radware will hold an Extraordinary General Meeting of Shareholders on May 29, 2025, to discuss equity-based awards and modifications to the CEO's annual bonus structure [1][2] - The proposal requires a simple majority approval, with specific conditions regarding disinterested shareholders [3] - In case of insufficient quorum, the meeting will be adjourned to the same time and place the following week [4] Company Information - Radware is a global leader in application security and delivery solutions for multi-cloud environments, utilizing AI-driven algorithms for real-time protection against various cyber threats [6] - The company provides solutions that help enterprises and carriers address evolving cybersecurity challenges while reducing costs [6]

MAHWAH, N.J., April 23, 2025 (GLOBE NEWSWIRE) --  Radware® (NASDAQ:RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today released its "2025 E-commerce Bot Threat Report." The report found that automated bots—good and bad bots—accounted for 57% of e-commerce website traffic during the 2024 holiday season. It marks the first time that automated, non-DDoS generating bots drove more traffic than human shoppers, signaling a critical shift in the cybersecurity l ...

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].