TEL AVIV, Israel, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), is a global leader in application security and delivery solutions for multi-cloud environments, today announced that its 2024 Annual General Meeting of Shareholders will be held on Thursday, October 10, 2024, at 3:00 p.m. (Israel time), at the offices of the Company, 22 Raoul Wallenberg Street, Tel Aviv, Israel. The record date for the Annual General Meeting is September 6, 2024. The agenda of the Annual General Meeting is as foll ...

Worldwide geopolitical tensions drive attacks with emphasis on the application infrastructure News Highlights In the first half of 2024: Application-Layer DNS DDoS attack activity quadruples compared to the first half of 2023 North American online applications and APIs shoulder 66% of web attacks EMEA organizations face more than 90% of web DDoS attacks Finance organizations experience 44% of network-layer DDoS attacks The average number of Pro-Russian attacks targeting Ukraine doubles compared to the avera ...

Radware (RDWR) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.65%. A quarter ago, it was expected that this network management software maker would post earnings of $0.14 per share when it actually produced earnings of $0.16, delivering a surprise of 14.29%. Over the last four qua ...

Financial Performance - Revenue for the second quarter of 2024 totaled $67 million, representing a 3% increase year-over-year [1] - Cloud Annual Recurring Revenue (ARR) reached $70 million, marking a 19% year-over-year increase [1] - Non-GAAP operating expenses decreased by 6% year-over-year to $49 million [1] - Non-GAAP diluted EPS was $0.20, compared to $0.10 in the second quarter of 2023 [18] - GAAP net income for the second quarter of 2024 was $1.7 million, or $0.04 per diluted share, a significant improvement from a net loss of $5.8 million, or $(0.13) per diluted share, in the same quarter of 2023 [2][18] Regional Revenue Breakdown - Revenue in the Americas region was $30.1 million for the second quarter of 2024, an increase of 12% from $26.8 million in the second quarter of 2023 [17] - Revenue in the Europe, Middle East, and Africa (EMEA) region was $22.8 million, a slight increase of 1% from $22.6 million in the second quarter of 2023 [17] - Revenue in the Asia-Pacific (APAC) region was $14.4 million, a decrease of 11% from $16.2 million in the second quarter of 2023 [17] Cash Flow and Financial Position - Cash flow from operations was $23 million in the second quarter of 2024 [3] - As of June 30, 2024, the company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities totaling $396.6 million [3] Management Commentary - The CEO expressed satisfaction with the second quarter results, highlighting the successful launch of Radware EPIC-AI™ and its potential impact on future growth [1]

MAHWAH, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced the launch of its proprietary Radware EPIC-AI™, which adds multiple layers of AI-powered intelligence and capabilities across its application and network security solutions and services. EPIC-AI infuses state-of-the-art AI and generative AI algorithms across Radware's security solutions to deliver precise, hands-free, consistent protections across ...

Company Overview - Radware is a global leader in application security and delivery solutions for multi-cloud environments, offering AI-driven algorithms for real-time protection against sophisticated cyber threats [6] - The company's solutions are recognized by industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions as market-leading in cybersecurity [1] - Radware's products and solutions are protected by trademarks, patents, and pending patent applications in the U.S. and other countries [2] Industry Recognition - GigaOm's 2024 Radar for Application and API Security (AAS) Report awarded Radware the top score for AI-enhanced vulnerability detection, highlighting its use of IP and application layer information to detect and protect against attacks [9] - Radware is the only vendor in the GigaOm analysis to achieve this top score, demonstrating its advanced AI capabilities in cybersecurity [9] Product Innovation - Radware launched EPIC-AI, a proprietary AI-powered platform that integrates multiple layers of AI and generative AI algorithms across its security solutions [14] - EPIC-AI provides real-time, precise, and hands-free protection across cloud, on-prem, and hybrid environments, significantly improving attack detection and mitigation while reducing mean time to resolution (MTTR) [14] - The platform features cross-platform AI reasoning, real-time cloud protection engines, and AI-driven SOC capabilities, enabling 24x7 managed services and automated security management [12] Customer Impact - Radware's AI-based solutions have helped customers like Puerto de Barranquilla and Fiji National University better understand their threat landscapes and protect against new types of AI-driven attacks [10][16] - Customers have praised Radware for its robust, real-time threat protection and cost-effective global solutions [16] Market Trends - The growing use of automated and AI-enabled cyber attack tools, combined with stricter regulatory requirements and a shortage of cybersecurity experts, is increasing exposure and risk for organizations worldwide [7] - Radware's AI-with-AI approach, exemplified by EPIC-AI, addresses these challenges by providing modern tools to stay ahead of evolving cyber threats [7]

Core Insights - Skyhawk Security has introduced the first proactive Cloud Threat Detection Platform utilizing AI-based Cloud Autonomous Purple Team technology, which focuses on continuous attack simulations and defenses to identify security gaps before they escalate into threats [1][3][12] - The company has launched a free Purple Team Assessment to evaluate organizational vulnerabilities and weaponized threats, enhancing cloud security for clients [3][4][11] - Skyhawk's platform employs a multi-layer AI approach and a zero-touch process for analysis, allowing minimal disruption to client operations [5][8][9] Company Developments - Skyhawk is expanding its channel program, enabling partners to offer Purple Team Assessments, thus providing a valuable sales tool for better client protection [4] - The Purple Team Assessment report includes detailed insights on risk exposure, critical vulnerabilities, and potential attack vectors [11] - The company will showcase its Continuous Proactive Protection technology at the Black Hat USA 2024 conference, highlighting its innovative cloud security solutions [7]

Core Viewpoint - Radware has launched a new PCI DSS 4.0 Compliance Solution aimed at simplifying the compliance process for organizations, which will become mandatory starting March 31, 2025 [5]. Group 1: Product Features - The new solution integrates AI-powered, behavioral-based application protection tools within a single platform, enhancing compliance with PCI DSS 4.0 requirements [2]. - It offers dedicated controls, extensive visibility, easy-to-access reports, and streamlined auditing to assist organizations in meeting the new application protection requirements [5]. - Advanced client-side protection measures help organizations maintain visibility and integrity of payment page scripts by mapping third-party scripts running on the browser side [6]. - The solution includes a cloud-based Web Application Firewall (WAF) that combines negative and AI-powered, behavioral-based positive security models for real-time adaptive protection against threats [12]. Group 2: Market Position and Recognition - Radware is recognized as a market leader in cybersecurity by industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions [2]. - The company emphasizes that PCI compliance is now essential for all businesses processing financial transactions, not just traditional retail payment chains [9]. Group 3: Strategic Importance - The introduction of this solution is positioned as a way to mitigate security risks and avoid potential fines and reputational damage from failed compliance [9]. - The solution is designed to help Chief Information Security Officers (CISOs) and compliance officers simplify reporting and streamline auditing processes [9].

Core Insights - Radware has launched a new PCI DSS 4.0 Compliance Solution aimed at helping organizations meet the updated application protection requirements efficiently [7] - The solution integrates AI-powered, behavioral-based application protection tools to simplify compliance processes and mitigate security risks [1][8] - The PCI DSS 4.0 regulation will become mandatory starting March 31, 2025, following a grace period that ends on March 31, 2024 [7] Product Features - The solution includes advanced client-side protection measures to maintain visibility and integrity of payment page scripts [2] - Real-time API protection is provided to prevent business logic attacks by analyzing API requests for deviations from normal behavior [8] - Alerts are generated for unauthorized changes to payment pages, ensuring organizations are informed of any manipulations [9] - An industry-leading Web Application Firewall (WAF) is included to offer adaptive protection against new threats [12] Market Position - Radware is recognized as a market leader in cyber security by various industry analysts, including Forrester Research and Gartner [3] - The company provides a comprehensive portfolio of cyber security and application delivery solutions for various data center environments [10]

Core Insights - Radware has expanded its cloud services to include Domain Name System as a Service (DNSaaS) and NoKey, enhancing security and application delivery for organizations [7] - The new services aim to provide organizations with more flexibility and control over their application security and performance [7] Group 1: DNSaaS Features - Radware's DNSaaS offers a centralized management console for managing DNS hosts, records, and health check configurations [9] - It includes customizable health checks to monitor application sources continuously [9] - The service provides flexible record routing options for high availability and control over traffic distribution to improve user experience [9] - Real-time analytics are available to monitor the number of queries per hosted zones [9] Group 2: NoKey Solution - The NoKey solution integrates with third-party hardware security modules (HSMs) to route encrypted traffic without exposing SSL keys [10] - It allows customers to manage their private key storage according to their technology requirements and privacy needs [10] - The solution benefits from the scale and comprehensive protection of Radware's offerings [10] Group 3: Market Position and Recognition - Radware is recognized as a market leader in cybersecurity by various industry analysts, including Forrester Research and Gartner [3] - The company has received numerous awards for its application and network security solutions [3] - Radware's solutions are designed to help enterprises adapt to market challenges and maintain business continuity [4]