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

RADWARE LTD.

(RDWR)
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Radware Makes Its Bot Manager Service Available for Salesforce Commerce Cloud

10/22/2020 | 06:00am EST

MAHWAH, N.J., Oct. 22, 2020 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that the Radware Bot Manager service is available for Salesforce Commerce Cloud. Radware’s Bot Manager service helps to safeguard users against revenue-impacting malicious bot attacks on their Web, mobile and API interfaces.

Offering Radware’s Bot Manager solution for Salesforce Commerce Cloud expands Radware’s exposure to a wide range of eCommerce companies so that they may protect their web properties from bot driven attacks.

Radware’s Annual Bad Bot report shows threat actors targeted the eCommerce industry the most with bad bots (27.7%). Radware’s Bot Manager solution protects against prevalent attacks against the eCommerce industry, such as payment fraud, account takeover, price scraping and inventory holdups. Radware’s Bot Manager service uses proprietary Intent-based Deep Behavioral Analysis (IDBA) to understand the intent of visitors to an organization’s website, app, and APIs, and blocks bots with malicious intent in real-time—including such that can mimic human behavior.

“2020 has proven to be a transformative year for eCommerce. In fact, According to Digitalcommerce360.com, U.S. online sales reached $73.2 billion in June year over year, up 76.2% compared with $41.5 billion a year earlier. The COVID-19 pandemic has retailers vying for market share while consumers shop online from home,” said Pavan Thatha, head of bot management solutions for Radware. “As many retailers, of all sizes, struggle to keep the business alive, they turn to eCommerce - a website, mobile app, or transactional advertising - as an effective means of reaching consumers. However, it also attracts malicious bots. While good bots can boost an eCommerce business, malicious bots can do a lot of damage, including denial of service, webs scraping, inventory holding, payment fraud, account takeovers, IP theft, and much more.”

To learn more about Radware Bot Manager for Salesforce Commerce Cloud, please visit https://www.salesforce.com/products/commerce-cloud/partner-marketplace/partners/radware-bot-manager/

Salesforce, Commerce Cloud, and others are among the trademarks of salesforce.com, inc.

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 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 “Radware’s Bot Manager service uses proprietary Intent-based Deep Behavioral Analysis (IDBA) to understand the intent of visitors to an organization’s website, app, and APIs, and blocks bots with malicious intent in real-time”, 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: 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 98,1x
Yield 2020 -
Capitalization 1 178 M 1 178 M -
EV / Sales 2020 2,96x
EV / Sales 2021 2,54x
Nbr of Employees 1 037
Free-Float 82,8%
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Number of Analysts 7
Average target price 31,00 $
Last Close Price 25,51 $
Spread / Highest target 37,2%
Spread / Average Target 21,5%
Spread / Lowest Target 5,84%
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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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