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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Radware Ltd.    RDWR   IL0010834765

RADWARE LTD.

(RDWR)
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Leading Online Trading Platform Selects Radware to Maintain Protection and Availability

10/21/2020 | 06:00am EST

MAHWAH, N.J., Oct. 21, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced today that one of the world’s largest online trading platforms has selected Radware’s Always-On Cloud DDoS and Cloud WAF services to protect its assets. Radware increased its footprint with this long-standing customer to include both Cloud DDoS and Cloud WAF protection, displacing two incumbent vendors.

The deal includes Radware’s Always-On Cloud DDoS Protection Service covering four extremely high-volume data centers, as well as premium Cloud WAF Service, which covers 51 major applications. Together, these two services provide comprehensive protection of both the trading platform’s infrastructure as well as its applications. The combined cloud DDoS and WAF solution provides comprehensive coverage, more accurate detection, and considerably shorter time to protection than could be possible by using different vendors for each service individually.

“We've seen outages this year among online trading platforms and the impact on investors and markets can be significant,” said Raffi Kesten, Chief Business Officer for Radware. “Financial services companies have big targets on their backs because a successful attack can be extremely lucrative for the hacker, or other motivations may drive bad actors to disrupt trading. Security and availability are absolutely paramount in the financial sector, and companies in this industry rely on us to maintain a high level of resiliency and protection.”

Radware’s Cloud DDoS Protection Service protects customers from large and sophisticated DDoS attacks, such as randomized and reflective DDoS attacks, burst DDoS attacks, SSL floods, IoT botnet DDoS attacks, and other advanced attacks, helping organizations to guarantee service availability and ongoing service to customers. Radware’s Cloud WAF Service offers an enterprise-grade WAF service protecting from web-based attacks including full coverage of OWASP Top-10 threats.

About Radware

Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower more than 12,500 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, Radware Mobile for iOS and Android, and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

©2020 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/.

Safe Harbor Statement

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; our ability to expand our operations effectively; outages, interruptions or delays in hosting services or our internal network system; compliance with open source and third-party licenses; our dependence on independent distributors to sell our products; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to attract, train and retain highly qualified personnel; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

Media Contacts:
Deborah Szajngarten
Radware
201-785-3206
deborah.szajngarten@radware.com

Investor Relations:
Anat Earon-Heilborn
+972 723917548
ir@radware.com


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© GlobeNewswire 2020
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Financials (USD)
Sales 2020 249 M - -
Net income 2020 12,1 M - -
Net cash 2020 441 M - -
P/E ratio 2020 102x
Yield 2020 -
Capitalization 1 175 M 1 175 M -
EV / Sales 2020 2,95x
EV / Sales 2021 2,52x
Nbr of Employees 1 037
Free-Float 67,0%
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Number of Analysts 6
Average target price 27,80 $
Last Close Price 25,45 $
Spread / Highest target 17,9%
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Roy Zisapel President, Chief Executive Officer & Director
Yehuda Zisapel Chairman
Gabi Malka Chief Operations Officer
Doron Abramovitch Chief Financial Officer
David Aviv Chief Technology Officer
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