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

RADWARE LTD.

(RDWR)
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Radware Expands the Global Footprint of Its Cloud Security Services

08/25/2020 | 06:00am EST

MAHWAH, N.J., Aug. 25, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced the addition of three new scrubbing centers in India, Brazil and Israel.  These new facilities support customer growth in emerging markets where there is a need for data residency.  These new facilities complement the existing network of scrubbing centers already serving Radware’s Cloud DDoS Protection Service and increase global scrubbing capacity by about 30%.  

“Data residency is becoming an increasingly important issue,” said Gabi Malka, Chief Operating Officer for Radware.  “As more countries implement data privacy laws, organizations are looking for secure solutions that keep their customers’ data within their geographical borders. By expanding our geographic footprint, we can provide our customers in key emerging markets with secure, low latency solutions that keep their data within their country of origin, as well as terminating attacks close to their origin.”

“We rely on Radware’s Cloud Security to keep our network and applications secure and available at all times,” said Ms. Babitha B P, CISO, CSB Bank. “Radware’s powerful machine learning capabilities and exceptional Managed Service keeps up with emerging threats.”

Malka added, “The addition of new scrubbing centers furthers the momentum of our cloud strategy by providing localized support to growth regions for Radware.  Local scrubbing enables us to increase both our customer coverage and customer experience.”

“In the ‘new normal’ way of working, both public & private enterprises are embracing ‘Digital First,’ and with the growing sophistication of attackers, there needs to be critical solutions / capabilities around Application Security.” said Dr. Pavan Duggal, Cyber Law Expert.  “Infrastructure security becomes paramount and industry leaders bringing leading technology Services Running and Delivered in India with Expertise to keep one step ahead of the emerging threat/threat actors will play critical role in protecting all public and private enterprises.”

DDoS attacks are constantly becoming more sophisticated, as hackers are looking beyond basic volumetric network-layer attacks, and deploying new, more advanced attack vectors, threatening organizations’ service and application availability. Radware’s Cloud DDoS Protection Service protects customers from even the largest and most 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. 

The cloud scrubbing network serving Radware’s Cloud DDoS Protection Service is based on Radware’s own DefensePro® DDoS mitigation appliance, giving Radware unparalleled ability to integrate into a single offering based on a single technology stack. This not only enables Radware customers to be the first to enjoy new features and protections, but also enables Radware to future-proof its offering against the latest attacks and trends.

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.

Radware backs up these technological advancements with excellence in service and dedication, including its Emergency Response Team, which successfully helps organizations mitigate thousands of large-scale DDoS attacks annually, and an industry-leading service level agreement with six separate, measurable service KPIs, including time-to-detect, time-to-mitigate, consistency of mitigation, service availability and other key metrics.

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, LinkedInRadware Blog, TwitterYouTube, Radware Connect app for iPhone® 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/. 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.” When we say that “by expanding our geographic footprint, we can provide our customers in key emerging markets with secure, low latency solutions that keep their data within their country of origin, as well as terminating attacks close to their origin”, that is a forward-looking statement. 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: 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; risks and uncertainties relating to acquisitions or other investments; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; outages, interruptions or delays in hosting services or our internal network system; compliance with open source and third-party licenses; 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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Financials (USD)
Sales 2020 249 M - -
Net income 2020 12,5 M - -
Net cash 2020 441 M - -
P/E ratio 2020 108x
Yield 2020 -
Capitalization 1 295 M 1 295 M -
EV / Sales 2020 3,44x
EV / Sales 2021 2,97x
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 28,06 $
Spread / Highest target 6,91%
Spread / Average Target -0,93%
Spread / Lowest Target -7,34%
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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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