Radware Ltd.
NASDAQ•RDWR
CEO: Mr. Roy Zisapel
Sector: Technology
Industry: Software - Infrastructure
Listing Date: 1999-09-30
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers worldwide. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers DefensePro provides automated DDoS protection; Radware Kubernetes, a web application firewall solution; and Cyber Controller, a unified solution for management, configuration, and attack lifecycle. The company also provides Alteon, an application delivery and security solution that manages application traffic across cloud and data center locations for optimizing availability and performance; and LinkProof NG, a multi-homing and enterprise gateway solution. In addition, it offers ERT Security Updates Subscription that provides protection from network elements, hosts, and applications; ERT Active Attackers Feed, a threat intelligence feed to protect against DDoS threats; ERT Protection Packages; Alteon Global Elastic License, a purchasing and deployment subscription; MSSP Portal, a DDoS detection and mitigation service portal; Location-based Mitigation that enables network traffic based on the geolocation mapping of IP subnets; and Cloud DDoS Protection Service, which offers a range of enterprise-grade DDoS protection services in the cloud. Further, the company provides Cloud Web DDoS Protection, Cloud WAF Service, Bot Manager, Cloud-Native Protector, and Cloud Application Protection Services, as well as technical support, professional, managed, and training and certification services. It sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. The company was founded in 1996 and is headquartered in Tel Aviv, Israel.
Contact Information
Market Cap
$1.18B
P/E (TTM)
60.1
37.5
Dividend Yield
--
52W High
$31.57
52W Low
$21.68
52W Range
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$79.81M+0.00%
4-Quarter Trend
EPS
$0.08+0.00%
4-Quarter Trend
FCF
$14.99M+0.00%
4-Quarter Trend
2024 Annual Earnings Highlights
Key Highlights
Revenue Growth 5% Total revenues reached $274.88M USD in 2024, marking a 5% increase from $261.29M USD in 2023.
Return to Net Profitability Achieved net income of $6.04M USD in 2024, a significant turnaround from the $21.59M USD net loss reported in 2023.
Strong Operating Cash Flow Generated $71.61M USD in net cash from operating activities during 2024, reversing the $3.50M USD used in 2023.
Product Revenue Up 7% Product revenues increased to $155.44M USD in 2024, driven by cloud DDoS subscriptions and successful DefensePro X refresh.
Risk Factors
Global Instability Risks Political, economic, and military instability in the Middle East, including the Israel war, may harm business operations and financial results.
Reliance on Few Vendors Heavy reliance on two ODMs for hardware platforms, accounting for 82% of direct product costs in 2024, poses supply chain risk.
Intense Market Competition Competition in cybersecurity and application delivery solutions is intense; failure to compete effectively risks market share loss and profitability impairment.
AI Technology Regulatory Risks Use of AI Technologies presents material regulatory, litigation, and reputational risks affecting financial condition and operations.
Outlook
Focus Cloud Security Innovation Strategy centers on offering superior cloud services and advanced security capabilities to address emerging cyber threats and compliance needs.
Expand Mid-Market Footprint Intends to expand market presence in the medium-sized enterprise segment using fully managed cloud security services offerings.
Pursue Strategic Investments Will evaluate and pursue acquisitions or significant investments to enhance technological capabilities and expand product offerings.
2025 Capital Expenditure Plans Anticipates capital expenditures in 2025 primarily for additional infrastructure supporting cloud solutions and ongoing Research & Development testing.
Peer Comparison
Revenue (TTM)
$2.73B
$1.38B
$1.35B
Gross Margin (Latest Quarter)
113.1%
81.1%
80.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PENG | $2.29B | 41.7 | 9.2% | 32.2% |
| ATEN | $2.02B | 45.0 | 21.2% | 34.5% |
| GCT | $1.47B | 9.7 | 31.5% | 38.6% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.5%
Moderate Growth
4Q Net Income CAGR
-5.7%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Aug 5, 2026
EPS:$0.28
|Revenue:$81.33M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data