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 ...

LAS VEGAS, Dec. 02, 2024 (GLOBE NEWSWIRE) -- AWS re:Invent 2024 - Skyhawk Security, the originator of cloud threat detection and response (CDR), is adding an Interactive Cloud Threat Detection and Response capability to its groundbreaking platform. The new capability adds real-time user interaction to verify suspicious activity of both human and non-human identities (NHIs) that are the root cause of an alert. This closes context gaps between SOCs, cloud teams and identity owners, which reduces the load on t ...

Investors might want to bet on Radware (RDWR) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.Analysts' growing optimism on the earnings prospects of this network management software maker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in e ...

MAHWAH, N.J., Nov. 26, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced it signed an agreement with a top 10 airport in India. The airport plans to leverage Radware’s Cloud DDoS Protection and Cloud Application Protection Services and work with Radware’s Emergency Response Team in response to a rise in cyber attacks. The cyber investment marks an expansion in the airport’s existing relationship with ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

MAHWAH, N.J., Nov. 20, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, announced it will be providing Hybrid Cloud DDoS Protection Services for one of the top 10 colleges and universities in the Midwestern United States. Today, Radware provides cybersecurity services for hundreds of education institutions worldwide. For its approximately 50,000 students, the Midwest institution supports hundreds of undergraduate, ...

MAHWAH, N.J., Nov. 19, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today launched its AI SOC Xpert. The new cloud security service redefines how modern security operation centers (SOCs) manage DDoS and application security incidents, leveraging AI-based technology to drastically cut mean time to resolution (MTTR) by up to 95%. Designed to instantly resolve incidents, the innovative technology provides SOC team ...

Financial Data and Key Metrics Changes - Revenue for Q3 2024 reached $69.5 million, up from $61.6 million in the same period last year, representing a 13% year-over-year growth [18] - Non-GAAP EPS for Q3 2024 was $0.23, more than triple the EPS recorded in Q3 2023 [5][22] - Total ARR increased by 9% year-over-year to $223.6 million, with cloud ARR rising 15% to $71.6 million [18] - Gross margin in Q3 2024 was 82.3%, an expansion of 120 basis points from Q3 2023 [20] - Net income in Q3 2024 more than tripled to $10.2 million compared to $2.9 million in the same period last year [22] Business Line Data and Key Metrics Changes - Cloud security business grew with a record number of new cloud customers, contributing to 15% year-over-year growth in cloud ARR [6] - Total subscription revenue grew double-digits and now accounts for 47% of total revenue [8] - Significant strength in security product subscriptions driven by the DefensePro X refresh [8] Market Data and Key Metrics Changes - Revenue in the Americas grew 11% year-over-year to $27.7 million, accounting for 40% of total revenue [19] - EMEA revenue increased 30% year-over-year to $25.2 million, accounting for 36% of total revenue [19] - APAC revenue was $16.6 million, representing a decrease of 5% year-over-year [19] Company Strategy and Development Direction - The company is focused on accelerating growth in cloud security by expanding its channel and global cloud security network [6] - Strategic initiatives include broadening the cloud security platform and launching new services like Threat Intelligence Service and AI SOC expert for DDoS services [13][14] - The company aims to strengthen sales and marketing capabilities to capture market share in high-growth areas [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future despite a challenging economic environment and cautious spending behavior from customers [5] - The company expects total revenue for Q4 2024 to be in the range of $71 million to $72 million [24] - Management highlighted the potential for growth in North America, particularly in the security MSSP and 5G deployment sectors [34] Other Important Information - The company ended Q3 2024 with approximately $412 million in cash, cash equivalents, bank deposits, and marketable securities [23] - Adjusted EBITDA for Q3 increased to $9.2 million compared to $1.6 million in the same period last year [22] Q&A Session Summary Question: Inquiry about DefensePro X upgrade and current shipments - Management indicated that the migration to DefensePro X is a process, especially with large customers, and noted significant advantages in security with the new platform [26] Question: Clarification on subscription revenue percentage - Management confirmed that 47% of total revenues in Q3 were from subscriptions, with 46% year-to-date [31] Question: Discussion on EMEA market performance - Management expressed satisfaction with EMEA performance, highlighting strong cloud deals and cooperation with partners like Cisco and Check Point [32] Question: Concerns about softer performance in the Americas - Management acknowledged weaker service provider spending in North America but maintained high expectations for future growth [34]

Group 1 - Radware reported quarterly earnings of $0.23 per share, exceeding the Zacks Consensus Estimate of $0.20 per share, and showing a significant increase from $0.07 per share a year ago, representing an earnings surprise of 15% [1] - The company achieved revenues of $69.49 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.59%, and up from $61.61 million in the same quarter last year [2] - Radware has outperformed the S&P 500, with shares increasing about 33% since the beginning of the year compared to the S&P 500's gain of 21.9% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of $70.35 million, and for the current fiscal year, it is $0.78 on revenues of $271.05 million [7] - The Internet - Software industry, to which Radware belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]