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

RADWARE LTD.

(RDWR)
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Radware Announces Expanded Elastic Scalability and Resiliency for its Virtual DDoS Protection in AWS

11/11/2020 | 06:00am EST

MAHWAH, N.J., Nov. 11, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced expanded elastic scaling capabilities for its DefensePro® Virtual Appliance (DefensePro VA) for Amazon Web Services (AWS). With support for the new AWS Gateway Load Balancer (GWLB), this new DefensePro VA capability allows its users to automatically scale DDoS attack mitigation regardless of the attack size and without manual configuration.

Complementing AWS’s existing protection, Radware’s DefensePro VA adds advanced Layer 7 DDoS protection and Intrusion Preventions Systems (IPS) with enhanced monitoring and analytics capabilities. Radware DefensePro VA for AWS offers advanced Layer 3 to Layer 7, behavioral-based, real-time DDoS protection for AWS workloads with the added capability of automatically scaling in or out based on the traffic load. Elastic scaling helps provide better cost management by using the needed compute resources and preventing over licensing of DefensePro VA appliances.

“We are pleased to support Radware as they integrate their DefensePro Virtual Appliance for AWS with AWS Gateway Load Balancer,” said Dave Ward, General Manager of Elastic Load Balancing, Amazon Web Services, Inc. “Together, this offers customers a solution for DDoS protection with built-in advanced elastic scaling capabilities.”

Radware’s DefensePro VA is a part of the suite of products Radware offers for AWS workload protection. In addition to DefensePro VA, Radware also offers Cloud Workload Protection (CWP), Cloud Web Application Firewalls (WAF), and Alteon VA load balancers.

“With Radware’s new elastic scaling capability, AWS users can protect their workloads against additional attacks of various sizes,” said Gabi Malka, Radware’s Chief Operating Officer. “This new functionality minimizes the guesswork related to licensing and reserving compute resources. Customers benefit from better cost management, maximum mitigation capabilities against attacks of various sizes and resiliency without needing to know in advance their future application usage or DDoS protection requirements.”

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 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.” When we say that “AWS users can protect their workloads against additional attacks of various sizes” 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; 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 protect our proprietary technology; intellectual property infringement claims made by third parties; 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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Financials (USD)
Sales 2020 249 M - -
Net income 2020 12,5 M - -
Net cash 2020 441 M - -
P/E ratio 2020 109x
Yield 2020 -
Capitalization 1 304 M 1 304 M -
EV / Sales 2020 3,47x
EV / Sales 2021 3,00x
Nbr of Employees 1 037
Free-Float 67,0%
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Number of Analysts 7
Average target price 27,80 $
Last Close Price 28,24 $
Spread / Highest target 6,23%
Spread / Average Target -1,56%
Spread / Lowest Target -7,93%
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Managers and Directors
NameTitle
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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