| Over a week ago | ||||
Virtual Analyst &… Virtual Analyst & Investor Day to be held on February 22 at 9:00 am. Webcast Link | ||||
Virtual Analyst &… Virtual Analyst & Investor Day to be held on February 22 at 9:00 am. Webcast Link | ||||
Virtual Analyst &… Virtual Analyst & Investor Day to be held on February 22 at 9:00 am. Webcast Link | ||||
| Over a month ago | ||||
Barclays analyst Tavy… Barclays analyst Tavy Rosner lowered the firm's price target on Radware to $25 from $28 and keeps an Overweight rating on the shares. The company reported results which were in line with guidance and while management expects macro headwinds to continue to impact results in the near term, there are reasons to be optimistic, the analyst tells investors in a research note. | ||||
Reports Q4 revenue… Reports Q4 revenue $74.1M, consensus $73.42M. "For the Q4 and FY22, I'm pleased to report solid results, which were in-line with our guidance. The results were driven mainly by cloud and subscription revenue, which delivered double-digit growth during 2022, as well as a record number of new cloud wins in the Q4," said Roy Zisapel, Radware's president and CEO. "While headwinds in the macro environment may continue to impact our results in the coming year, we remain optimistic about our long-term growth potential given the market adoption of our products. In 2023, the cloud will continue to play a pivotal role in our strategy as we increase our focus on our cloud security solutions, grow our presence in the mid-sized enterprise market, and expand our channel partnerships. Coupled with disciplined expense management, we remain committed to driving profitable growth." | ||||
Skyhawk Security, a… Skyhawk Security, a business in cloud threat detection recently spun off from Radware, formally announces the appointment of Chen Burshan as CEO. Before taking the helm at Skyhawk Security, Burshan played an integral role in the creation of the Cloud Security Posture Management category during his time at Dome9, leading to its eventual acquisition by Check Point. | ||||
Skyhawk Security, a… Skyhawk Security, a business in cloud threat detection recently spun off of Radware, announced the release of its Synthesis Security Platform. The platform provides unique Cloud Threat Detection and Response capabilities, across multi-cloud environments. | ||||
Radware launched new… Radware launched new cloud security centers in Melbourne, Australia, Toronto, Canada, and Auckland, New Zealand. The facilities will 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. It will also help them comply with offshore data routing requirements. In addition to Australia, Canada, and New Zealand, the company recently launched security centers in Chile, Italy, Taiwan, and the United Arab Emirates. The launch of the new facilities extends the company's mitigation capacity to 12Tbps across a network that is made up of more than 50 security centers worldwide. | ||||
| Over a quarter ago | ||||
Radware signed a deal… Radware signed a deal with a large multinational pharmaceutical company to increase the cyber defenses around its global hybrid environment using Radware's end-to-end network and application security as well as application delivery solutions. The pharmaceutical company delivers medicine across more than 100 countries. The stack of services includes Radware's Cloud Web Application Firewall Service, Cloud DDoS Protection Service, DefensePro DDoS Protection, and Alteon application delivery and security solution. | ||||
As previously reported,… As previously reported, Jefferies analyst George Notter downgraded Radware to Hold from Buy with a price target of $22, down from $31. The company reported "softer" Q3 results and little or no sequential ARR growth was "the most disappointing part," said Notter, who adds that Radware "clearly doesn't have enough pipeline to back-fill for slipped customers and "their sales execution issues are back." His 2023 sales and EPS projections have been reduced and "it's hard for us to envision the company generating interesting levels of EPS power any time soon," Notter tells investors. | ||||
