Industry Overview - The cybersecurity sector is increasingly vital as the risk of data breaches and cybercrimes rises, driven by the AI revolution [3][4] - IBM's 2025 report indicates the global average cost of data breaches is $4.44 million, with U.S. incidents averaging $10.22 million, particularly high in the healthcare sector at $7.42 million [1][2] Market Growth - The cybersecurity market is projected to grow to $270 billion, with a 12% annual growth rate as companies increase spending on cybersecurity products by 50% [4][5] - Increased spending on security software is expected to capture a larger share of IT budgets due to the rising volume of cyberattacks [5] Investment Opportunities - Focus is shifting towards cybersecurity companies that can demonstrate consistent revenue growth and profitability [6] - A list of the best cybersecurity stocks under $50 has been compiled, highlighting those favored by elite hedge funds [8][9] Company Highlights - **Allot Ltd. (NASDAQ: ALLT)**: Current stock price is $9.25 with a 42.71% upside potential. The company reported a 14% year-over-year revenue growth, totaling $26.4 million, and a significant increase in net income [11][12][13] - **Radware Ltd. (NASDAQ: RDWR)**: Current stock price is $23.60 with a 54.39% upside potential. The company recently launched the LLM Firewall to protect against AI-targeted attacks and signed a partnership with Hitachi Solutions for its Cloud Application Protection Service [16][17][19]

Core Insights - Radware has secured its largest cloud security services agreement to date with a Fortune 500 financial services company, which is a multi-year, multimillion dollar deal aimed at enhancing security operations amidst growing cyber threats [1][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 [5] - The company's cybersecurity suite includes advanced application and network security solutions powered by EPIC-AI, designed to adapt to evolving threats and improve attack detection and mitigation [3][5] Agreement Details - The agreement includes Radware's full suite of Cloud DDoS Protection and Application Protection Services, which encompasses Cloud Web Application Firewall Service, bot manager, and Web DDoS Protection [2] - The customer selected Radware for its ability to provide a fully integrated, high-capacity solution that scales usage while minimizing operational overhead [2] Market Position - Radware has received multiple awards and recognition from industry analysts such as Forrester, Gartner, and IDC, affirming its status as a market leader in cybersecurity [4]