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    RDWR   IL0010834765

RADWARE LTD.

(RDWR)
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Radware Chosen by Atman for DDoS Protection

02/16/2021 | 06:00am EDT

MAHWAH, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Radware® (Nasdaq: RDWR), a leading provider of cyber security and application delivery solutions, today announced that ATM S.A., a Polish data center operator that provides colocation, dedicated hosting and cloud computing services under the Atman brand, has chosen Radware’s DefensePro® attack mitigation solution to provide DDoS protection and mitigation for its own infrastructure as well as offer managed anti-DDoS-as-a-Service solutions to its customers as a new revenue opportunity.

Atman offers broadband services, internet access and data transmission services to telecommunications operators, media, financial and commerce industries. The company turned to Radware because it was looking to replace its current DDoS protection with a more robust and reliable solution. After a detailed technical evaluation demonstrating superior technology, technical expertise and customer responsiveness, Radware won the contract.

“We were looking for a more reliable and robust DDoS protection solution and found that Radware’s solution met all of our needs,” said Jaroslaw Luczkiewicz, Atman’s CMO. “Radware protects our infrastructure from many types of DDoS attacks. Not only does it provide us with a solid defense for our own network and data centers, but it gives us a competitive advantage by providing us the opportunity to resell DDoS protection as a service to our customers.”

Radware’s latest DefensePro devices analyze traffic patterns, such as sudden and massive spikes, to provide automated, behavior-based protection from fast moving, high volume, encrypted or very short duration DDoS attacks, including: zero-day DDoS attacks, randomized and reflective DDoS attacks, IoT-based attacks like Mirai, pulse and burst DDoS attacks, recursive DDoS attacks on DNS infrastructure, TLS/SSL attacks, and those attacks associated with Permanent Denial of Service (PDoS) and Ransom Denial of Service (RDoS) techniques.

According to Shira Sagiv, Vice President of Product Portfolio for Radware, “We’re pleased that Atman relies on Radware to ensure that its infrastructure is protected, in addition to reselling cyber security mitigation capabilities to their customers as a managed service.”

Radware's DefensePro attack mitigation solutions are built to overcome both the complexity and scale of today's sophisticated IoT-based botnets and other threats to data centers. It relies on first-in-class behavioral-based algorithms to protect from known DNS attacks in the most cost-effective way and provides in-the-box, patented SSL attack mitigation that provides the lowest latency, most efficient SSL attack protection with the widest coverage from SSL-based DDoS attacks, including DNS and SSL attacks.

Radware backs up these technological advancements with excellence in service and dedication, including its Emergency Response Team.

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, and Radware Mobile for iOS and Android.

©2021 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/. All other trademarks and names are property of their respective owners.

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.” For example, when we say that our “DefensePro attack mitigation solutions are built to overcome both the complexity and scale of today's sophisticated IoT-based botnets and other threats to data centers” 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; timely availability and customer acceptance of our new and existing solutions; intense competition in the market for cyber security and application delivery solutions and in our industry in general and changes in the competitive landscape; changes outages, interruptions or delays in hosting services or our internal network system; 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; 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


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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 1 312 M 1 312 M -
EV / Sales 2020 3,50x
EV / Sales 2021 3,04x
Nbr of Employees 1 037
Free-Float 82,8%
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Average target price 31,00 $
Last Close Price 28,43 $
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Managers and Directors
NameTitle
Roy Zisapel President, Chief Executive Officer & Director
Doron Abramovitch Chief Financial Officer
Yehuda Zisapel Chairman
David Aviv Chief Technology Officer
Gabi Malka Chief Operations Officer
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