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 ...

Company Performance - Radware reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.13 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $73.03 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.07%, compared to year-ago revenues of $65.03 million [2] - Over the last four quarters, Radware has consistently surpassed consensus EPS estimates and revenue estimates [2] Future Outlook - The sustainability of Radware's stock price movement will depend on management's commentary during the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.21 on revenues of $69.4 million, and for the current fiscal year, it is $0.94 on revenues of $291.1 million [7] - The estimate revisions trend for Radware is currently favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Internet - Software industry, to which Radware belongs, is currently ranked in the top 29% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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 ...

Company Overview - Radware is a global leader in application security and delivery solutions for multi-cloud environments, offering AI-driven protection against sophisticated web, application, and DDoS attacks [6] - The company provides cloud application, infrastructure, and API security solutions, helping enterprises and carriers address evolving cybersecurity challenges [6] - Radware has received numerous awards for its DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions [5] Partnership Expansion - Radware expanded its relationship with TelemaxX Telekommunikation GmbH, leveraging its AI-powered DefensePro® X DDoS Protection to enhance network and application security services [1] - TelemaxX, a leading regional provider of integrated IT solutions, operates five high-security data centers in Germany's Karlsruhe Technology Region [2] - The partnership aims to scale services and help customers stay ahead of emerging threats, including protection against Web DDoS Tsunami attacks [3] Market Trends and Threats - Web DDoS attacks surged globally by 265% during the first six months of 2024 compared to the second half of 2023, according to Radware's H1 2024 Global Threat Analysis Report [3] - The demand for state-of-the-art AI-driven protection is increasing as the number and sophistication of DDoS attacks grow exponentially [4] - DefensePro X provides automated, adaptive DDoS protection against fast-moving, high-volume, encrypted, or zero-day threats, including IoT-based, Burst, DNS, and TLS/SSL attacks [4] Industry Recognition - Radware is recognized as a market leader in cybersecurity by industry analysts such as Aite-Novarica Group, Gartner, GigaOm, IDC, KuppingerCole, and QKS Group [5]

Core Insights - Radware has expanded its partnership with TelemaxX to enhance network and application security services using AI-powered DefensePro X DDoS Protection [1][3] - TelemaxX operates five high-security data centers in Germany and specializes in integrated IT solutions, including telecommunications and cloud services [2] - Web DDoS attacks have surged globally by 265% in the first half of 2024 compared to the second half of 2023, highlighting the increasing threat landscape [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 [6] - The company has received multiple awards for its DDoS mitigation and application protection solutions, recognized by industry analysts as a market leader in cybersecurity [5] Industry Context - The demand for advanced AI-driven DDoS protection is rising due to the exponential increase in the number and sophistication of DDoS attacks [4] - DefensePro X offers automated, adaptive protection against various cyber threats, including IoT-based attacks and ransom DDoS campaigns [4]

TEL AVIV, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, will announce its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025. Conference Call DetailsRadware management will host a call on Wednesday, February 12, 2025, at 8:30 a.m. EST to discuss its fourth quarter and full year 2024 results and outlook for the first quarter of 2025. Participants are advised to jo ...

Radware (NASDAQ: RDWR ) is a leading player in the cybersecurity space, adopting AI to tackle the growing threats in the industry. The company has limited analyst coverage and no investor events beyond its quarterly earningsAn individual investor primarily focused on undercovered companies, with more than 50 companies on my watchlist. My areas include technology, software, electronics and the energy transition. I have been investing my personal capital for over 7 years in a broad range of companies globally ...

MAHWAH, N.J., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ:RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it expanded its agreement with one of Italy's top 5 banks. Based on the agreement, the financial institution will use Radware's end-to-end suite of network and application security and application delivery solutions. This includes Radware's Cloud Application Protection and Cloud DDoS Protection Services as well as its Alteon® applicati ...