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

RADWARE LTD.

(RDWR)
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Radware Levels Up DDOS Protection to Eliminate Costly Downtime and Disruptions for Online Gaming Industry

10/08/2020 | 06:00am EST

MAHWAH, N.J., Oct. 08, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, is launching multi-dimensional DDoS detection and protection to meet the unique and complex demands of the online gaming industry. Radware developed a set of new algorithms to protect sophisticated attacks against online gaming.

“Online games are a massive, multi-billion-dollar industry, but they frequently fall victim to powerful and targeted DDoS attacks. Any disruption in service could drive users away to competing titles, damage brand reputation, and cost businesses substantial income for every second of downtime,” said Gabi Malka, Chief Operating Officer at Radware. “Threats like denial of service attacks cannot be ignored. Online game companies need to cover any gaps in security that might be left open from the service providers they work with to deliver these online experiences for their players.”

Online games and specifically the Massive Multi-Player (MMO) games, experience multiple attacks coming from hackers and platform competition that try to block players’ access to the gaming platforms, from cheating players that can attack other players slowing their connection, while gaining a competitive advantage, and attacks that can take the entire game offline.

With Radware’s DDoS protection solutions, online game companies and platforms have access to a multi-dimensional, enhanced DDoS protection solution to protect against sophisticated attacks. This includes enhanced, behavioral-based protection for UDP (User Datagram Protocol) based attacks. Online games typically rely on UDP to send and receive data as it does not require time-consuming and frequent “handshakes” used in other protocols, like TCP. Yet, many of the other solutions available to protect against attacks focus on rate-based volumetric protection and, especially within the public cloud, lack in their protection against UDP attacks. In addition, DDoS attacks on the application level or non-volumetric attacks that do not directly impact the public cloud network often can go undetected. These types of rate-based protections also result in a high rate of false-positives, which can cause suspensions of service to loyal, innocent users. Radware’s advanced behavioral technology blocks DDoS attacks, including non-volumetric attacks, burst attacks and unknown zero-day attacks, with the greatest accuracy ensuring a low false positive rate and the best user experience.

“These online game companies rely on public cloud providers to deliver online experiences at massive scale, but many of these companies don't truly understand the level of protection they can expect from their cloud partners,” said Anna Convery-Pelletier, Chief Marketing Officer for Radware. “We’re working with these cloud providers and video game companies to protect the entire gaming ecosystem so that every player can enjoy their online gaming experience, regardless of whether they reside in the public cloud or hybrid environments.”

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.” When we say that Radwareis launching multi-dimensional DDoS detection and protection to meet the unique and complex demands of the online gaming industry”, 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: 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; 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; intense competition in the market for cyber security and application delivery solutions and in our industry in general and changes in the competitive landscape; 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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© 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 1 173 M 1 173 M -
EV / Sales 2020 2,94x
EV / Sales 2021 2,52x
Nbr of Employees 1 037
Free-Float 67,0%
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 27,80 $
Last Close Price 25,41 $
Spread / Highest target 18,1%
Spread / Average Target 9,41%
Spread / Lowest Target 2,32%
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Managers
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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