Radware
Streamlining Network Flows for Defense

Radware Signs Multi-Million Dollar Deal for Hybrid Cloud DDoS Protection With Global Leading SaaS Provider

Tuesday, December 10, 2019

MAHWAH, N.J.: Radware^® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced that it signed a three-year, multi-million dollar hybrid cloud DDoS protection deal with a global enterprise SaaS provider. The customer relies on Radware’s DefensePro^®, Alteon^®, Cloud DDoS Protection Service and SSL protection across more than 30 of its data centers worldwide with a fully managed solution by Radware’s highly trained Emergency Response Team, including rapid-response solutions during major attacks.

Anna Convery- Pelletier, Chief Marketing Officer for Radware said, “This SaaS provider helps companies of all sizes and industries perform at optimal efficiency with critical cloud-based tools that support business planning, sales, human resources, finance and accounting functions. It processes massive data volumes, and its business is rapidly growing. The customer turned to Radware to help scale its operations, lower operating expenses, and provide a wide breadth of coverage and protection based on a history of trust, and Radware’s proven track record in comprehensive hybrid-cloud attack mitigation.”

“Radware maintains direct relationships with many of the world’s top SaaS providers, which have come to increase their reliance on our solutions,” said Roy Zisapel, CEO of Radware. “Our industry leading data center security capabilities, ability to detect and respond automatically, flexible deployment options and customer centric approach allow us to become strategic to their operations. Our hybrid DDoS solution enabled this customer to scale its attack mitigation protection along with its business growth.”

Radware’s family of DDoS security solutions provides integrated application and network security for a best of breed, multi-layered security architecture and DDoS attack prevention. The solutions provide the highest protection accuracy with patent-protected behavioral based detection to protect legitimate traffic and real-time signature creation for zero-day attack protection. Radware’s hybrid DDoS protection integrates always-on detection and mitigation (on-premises or in the cloud) with cloud-based volumetric DDoS attack prevention, scrubbing, and 24x7 Emergency Response Team (ERT) support. Radware’s Defense SSL protection supports all types of encrypted attacks, inkling TCP SYN Floods, SSL Negotiation Floods, HTTPS Floods, and Encrypted Web Attacks.

Copa Airlines Partners With Radware to Prevent Cybersecurity Attacks

Tuesday, December 10, 2019

Two years ago, Copa Airlines’ frequent flyer program website was a victim of persistent distributed denial of service (DDoS) attacks. Once bitten, twice shy, Copa knew it needed more robust and advanced cybersecurity capabilities, so the airline turned to Radware, which provided a fully managed cloud web application firewall (WAF) and Cloud DDoS solution that was customized to incorporate policies specific to Copa Airline’s security needs. The solution protects the airline’s main website and frequent flyer loyalty program sites, as well as its network infrastructure.

“Whether that takes the form of our passenger’s physical safety or the protection of their personal information, we treat security as a core value.” – Alex Tarte, Copa Airlines

While DDoS attacks often make headlines, modern hackers’ preferred attack vectors trend towards cross-site scripting (XSS) and SQL injection, according to a December 2018 study conducted by HackerOne. A WAF defends against both of these types of attack by using rules around “conversations” with the site as a sort of defensive weapon.

“Security is part of our DNA at Copa Airlines. Whether that takes the form of our passenger’s physical safety or the protection of their personal information, we treat security as a core value,” said Alex Tarte, Copa Airlines’ information security and risk manager and CISO, in a press release. “This certainly extends to our IT infrastructure. Maintaining a balance between customer experience and security can be tricky, but we have a strong cybersecurity program.”

Tobias Santoyo Cardoso, regional manager at Radware, addressed the unique challenges in building a cloud security solution for an airline client, from the multiple layers of testing to various integrations that must be considered: “Each stakeholder had to be certain that the solution could meet their needs. Further, airlines tend to work with a lot of third party providers, so we had to ensure that our solution was compatible with many external vendors in addition to the airline’s web and IT teams.”

A cloud-native deployment means that no hardware was required to put Radware’s solution into action. “Adding Radware’s WAF and DDoS services as the foundation of our operations was frictionless,” Tarte said. “We can handle large traffic volumes without any negative impact on our customer experience. It’s hassle-free.”

Radware Introduces a Next-Gen Cloud Application Security Center in Israel

Friday, March 17, 2023

Continues to deliver on global cloud security service expansion strategy

MAHWAH - Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, introduced a next-generation cloud application security center in Tel Aviv, Israel, which is home to the company’s headquarters. The opening of the security center is part of the company’s cloud security service growth initiative, which is focused on innovation and scalability. The company also has an existing cloud DDoS scrubbing center in Israel.

The addition of the new Israeli center follows the recent rollout of facilities in Australia, Canada, Chile, Italy, New Zealand, Taiwan, and the United Arab Emirates. The facilities are part of Radware’s worldwide cloud security service network, which includes more than 50 security centers and delivers an attack mitigation capacity of 12Tbps.

The centers are designed to reduce traffic latency as well as increase service redundancy and mitigation capacity to help customers defend against denial-of-service attacks, web application attacks, malicious bot traffic, and attacks on APIs. They also help increase resiliency and comply with offshore data routing requirements.

“Radware’s security centers deliver a global footprint, network and application security, true multi-tenant service, as well as high resiliency,” said Zion Zvi, CEO at Trustnet, a leading integration and consulting company in the field of information and cyber security. “Radware’s latest cloud expansion offers a great service to Israeli organizations in need of rapid response times and scalable protection.”

The Israeli cloud application security center supports Radware’s 360-degree Cloud Application Protection Service, which spans from the browser side to the server side. The best-of-suite offering includes the company’s cloud-based web application firewall, bot manager, API protection, application-layer DDoS protection, and its recently released client-side protection. To deliver a higher level of application security with lower false positives, the security is based on automated, machine-learning based algorithms that learn legitimate user behavior and then separate malicious and legitimate traffic. Dozens of Israeli customers rely on Radware’s cloud security services.

According to Radware’s 2022 Global Threat Analysis Report, the number of DDoS attacks rose by 150% compared to 2021. Web application and API attacks increased 128% year over year, significantly out pacing the 88% increase in attacks between 2020 and 2021.

“Fueled by the increasing frequency and sophistication of cyberattacks and strong business demand, we continue to expand our global cloud security footprint across major geographies,” said Haim Zelikovsky, vice president of cloud security services for Radware. “The cloud security centers combine state-of-the-art protection and ultra-high bandwidth performance to defend against the most harmful network and application attacks.”

Industry analysts such as Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security. The company has received numerous awards for its application and API protection, web application firewall, bot management, and DDoS mitigation solutions.

Radware Defends World Leading Data Center Provider and Operator from Volumetric DDoS Attacks

Saturday, September 30, 2023

MAHWAH, N.J.-- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced it is providing DDoS protection for one of the top 20 leading data center providers and operators in the world. As part of a million-dollar agreement, the industry leader selected Radware’s Cloud DDoS Protection Service to mitigate and prevent volumetric assaults.

In the face of an escalating threat landscape, the data center provider was looking for a DDoS protection solution that could meet its shifting network requirements. The company chose Radware for its capacity to divert large volumes of web traffic and reduce time to protection.

“The increasing scale and sophistication of DDoS attacks have raised the bar needed for detection,” said Yoav Gazelle, Radware’s chief business officer. “Radware’s solutions are built to deliver automated, accurate DDoS detection and mitigation at the scale needed to combat high-scale, emerging attacks without blocking legitimate traffic. For more than two decades, we have been protecting the world’s most demanding networks—whether they belong to the top data center providers and carriers or most regulated industries.”

Radware’s multi-layered Cloud DDoS Protection Service defends organizations against network- and application-layer attacks, volumetric assaults, zero-day threats, encrypted attacks, and more. The service is backed by Radware’s worldwide cloud security service network, which includes more than 40 security centers and delivers an attack mitigation capacity of 12Tbps.

Radware has received numerous awards for its DDoS mitigation, application and API protection, web application firewall, and bot detection and management solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.

Radware Powers Lightpath’s New AI-Driven DDoS Protection Service

Tuesday, May 28, 2024

Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced it signed a managed security service provider (MSSP) agreement with Lightpath, an all-fiber, infrastructure-based connectivity provider. Based on the agreement, Lightpath is leveraging Radware’s AI-powered DefensePro® DDoS Protection to offer customers a DDoS scrubbing service designed to combat today’s increasingly complex threats.

“Radware takes a proactive approach to security. This applies not only to the patented algorithms they use to automatically detect and mitigate threats, but also to the way they’ve partnered with us in launching an innovative new network security service,” said Bill Cheslock, director of emerging products at Lightpath. “Together with Radware, we are committed to providing our customers with a DDoS scrubbing service that delivers secure, reliable, and future-ready connectivity.”

Radware’s DefensePro® DDoS Protection automatically identifies and surgically blocks harmful traffic without disrupting legitimate traffic. Using advanced behavioral algorithms, the solution is designed to instantly adapt DDoS defenses based on the specific attacker. It not only neutralizes DDoS attacks but also safeguards the network, optimizes application performance, and ensures uninterrupted availability during attacks.

“Infrastructure transformation, new technologies, and the race for better customer experiences are placing growing cybersecurity demands on service providers at a time when the world is becoming increasingly insecure,” said John Eisenbarger, vice president for U.S. carriers and service providers at Radware. “Our focus is on helping providers streamline the go-to-market process by extending an industry-leading portfolio of managed network and application security services to their customers. We look forward to joining forces with Lightpath as the demand for high speed, low latency DDoS defenses rises.”

Radware’s network and application security solutions are built on AI-powered algorithms to protect legitimate user experiences while minimizing false positives and the need for human intervention. The company has received numerous awards for its security solutions. Industry analysts such as Aite-Novarica Group, Forrester Research, Gartner, GigaOm, KuppingerCole, and Quadrant Knowledge Solutions continue to recognize Radware as a market leader in cyber security.

Radware is the Leader in the 2024 SPARK Matrix™ for DDoS Mitigation by Quadrant Knowledge Solutions

Friday, June 07, 2024

• The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis and ranking of the leading DDoS mitigation vendors.

• Radware, with its comprehensive technology for DDoS mitigation, has received strong ratings across the parameters of technology excellence and customer impact.

TEL AVIV, Israel, -- Quadrant Knowledge Solutions announced that it has named Radware the leader in the SPARK Matrix™: DDoS Mitigation, 2024, for the fourth consecutive year.

Sujitsinh Dubal, Analyst at Quadrant Knowledge Solutions, states, "Radware's cloud-based and hardware DDoS mitigation solutions offer high mitigation capacity and real-time attack coverage to protect against a wide variety of threats, including advanced, encrypted and zero-day attacks. Radware protects organizations against network- and application-layer DDoS attacks using behavioral-based protection, which also enables accurate, real-time attack detection. Radware provides DDoS protection for all types of environments, including on-prem data centers, and private and public clouds. Radware also offers integrated WAF, bot and API protection for all the environments, multi-faceted protection for public cloud environments, and advanced multi-cloud ADC. With overall strong performance across the parameters of technology excellence and customer impact, Radware has been positioned as the leader in the SPARK MatrixTM: DDoS Mitigation, 2024."

The Quadrant Knowledge Solutions SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, the vendor landscape, and competitive positioning. The study also provides a competitive analysis and ranking of the leading DDoS mitigation providers in the form of the SPARK Matrix™. In addition, it includes strategic information for users to evaluate different vendor capabilities, competitive differentiation, and market positions.

"Radware offers innovative DDoS mitigation capabilities that continue to earn us recognition as an industry leader," said Sharon Trachtman, chief marketing officer at Radware. "Our AI-powered solutions use machine-learning based algorithms and automated signature creation to surgically block attacks and help our customers navigate a threat landscape that is constantly evolving. Customers choose Radware for our advanced technology and stay with us because of our proven ability to deliver more accurate and adaptive protection as well as shorter mean time to resolution."

Radware stock hits 52-week high at $21.04 amid market rally

Wednesday, August 07, 2024

In a robust trading session, Radware Ltd. (NASDAQ:RDWR) stock soared to a 52-week high, reaching a price level of $21.04. This peak comes as a significant milestone for the cybersecurity solutions provider, reflecting a notable 1-year change with an increase of 10.86% in its stock value. Investors have shown increased confidence in Radware's growth prospects, propelling the stock to this new high, which marks a substantial recovery and optimism in the company's market position and future performance.



"In other recent news, Radware reported a robust first quarter for 2024, with revenues reaching $65 million and non-GAAP earnings per share of $0.16. The company also saw an 8% year-over-year increase in adjusted Annual Recurring Revenue (ARR) and a 22% growth in cloud ARR. Additionally, Radware expanded its cloud services with the introduction of Domain Name System as a Service (DNSaaS) and NoKey, tools aimed at enhancing digital security and user experience. In the realm of mergers and acquisitions, Radware has unveiled plans for a new DDoS scrubbing center in Paris, further expanding its global presence. Analysts have noted these developments, with firms like Aite-Novarica Group, Forrester Research (NASDAQ:FORR), Gartner (NYSE:IT), GigaOm, KuppingerCole, and Quadrant Knowledge Solutions recognizing Radware's market leadership in cybersecurity. Looking ahead, the company anticipates Q2 2024 revenues to be between $65-67 million and non-GAAP diluted net earnings per share of $0.15 to $0.17. It is also noteworthy that Radware has scheduled its second-quarter 2024 earnings call, an event that investors and analysts will be watching closely."



In light of Radware Ltd.'s (RDWR) recent surge to a 52-week high, a closer examination of the company's financial health and market performance through InvestingPro Insights reveals several key factors that investors may find valuable. With an impressive gross profit margin of 80.1% in the last twelve months as of Q1 2024, Radware demonstrates a strong ability to control its costs and maintain profitability on its products and services. Despite a decrease in revenue growth during the same period, the company's management has shown confidence by aggressively buying back shares, which is often a signal of belief in the company's value and future prospects.



Additionally, Radware holds more cash than debt on its balance sheet, providing a solid financial foundation and flexibility for future investments or to weather economic downturns. This financial stability is further bolstered by the fact that Radware's liquid assets exceed its short-term obligations, ensuring the company can meet its immediate financial liabilities.



Investors should note that while Radware has not been profitable over the last twelve months, analysts predict the company will turn profitable this year. This outlook is supported by two analysts who have revised their earnings upwards for the upcoming period, indicating potential for growth and a positive shift in the company's trajectory.



For those interested in a deeper dive into Radware's financials and strategic positioning, there are additional InvestingPro Tips available, which can be accessed through the InvestingPro platform. As of now, there are 9 more tips on Radware that could further inform investment decisions.



It's worth mentioning that Radware's market capitalization currently stands at $878.78 million, and while the P/E ratio is negative at -45.06, reflecting the company's past lack of profitability, the PEG ratio of 0.2 suggests that the market may expect future earnings growth to come at a good value.



In summary, the InvestingPro Insights indicate that while Radware has faced challenges, its strong gross profit margins, aggressive share buybacks, and liquidity position it to potentially capitalize on future growth opportunities as forecasted by market analysts.



This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



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