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    RDWR   IL0010834765


Delayed Quote. Delayed Nasdaq - 05/11 04:00:00 pm
27.48 USD   +0.22%
05/05RADWARE  : Reports Higher Q1 Earnings, Revenue
05/05RADWARE : Q1 Earnings Snapshot
05/05RADWARE  : Earnings Flash (RDWR) RADWARE Posts Q1 Revenue $66.8M
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Radware : Guangqi Honda Chooses Radware for Cloud Native Protector Service

04/20/2021 | 06:00am EDT

MAHWAH, N.J., April 20, 2021 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, announced today that Guangqi Honda, a renowned automobile enterprise, has chosen Radware’s Cloud Native Protector service to provide strong cloud security support for its network construction and business development.

Guangqi Honda has multiple factories and development & sales companies, and branded vehicle lines. Guangqi Honda produces an average of 800,000 vehicles a year. In 2019, Guangqi Honda deployed a big data analysis system in AWS; however, with the increase of AWS usage, Guangqi Honda was confronted with prominent cloud security problems, such as permissive access to cloud assets and services, compliance breaches and misconfigurations.

Guangqi Honda evaluated several AWS cloud native asset management solutions and comprehensively contrasted cloud security items, and ultimately selected Radware’s Cloud Native Protector service. Without any proxy plug-in, this pure AWS cloud native solution can quickly conduct situation analyses based on acquired cloud native logs and recognize excessive permissions of cloud asset through a read-only access to Guangqi Honda’s cloud environment. Additionally, Radware’s Cloud Native Protector service can detect attacks in real-time and provide the full attack storyline by assembling together individual attack steps into one coherent attack kill chain.

“The customer’s DMP system relies heavily on the object storage services in S3, so they are extremely cautious about the operations in S3,” said Raffi Kesten, Chief Business Officer for Radware. “Radware Cloud Native Protector service provides advanced threat detection capabilities designed to detect data stealing from S3 buckets to help security teams better protect object storage resources.”

“Radware Cloud Native Protector service provides us with several security and business benefits,” said Zeng Jian, Guangqi Honda’s Cloud Security Director. “First, operations and security teams have an automated breach detection tool that continuously monitors their cloud accounts for malicious activity while avoiding alert fatigue, and helps us comply with current grade protection. In addition, the solution automates monitoring account updates and configuration changes for misconfigurations and excessive permissions. This aligns account management across teams, requiring fewer resources, so security and DevOps teams can focus on other priorities.”

Radware’s Cloud Native Protector service provides protection for public cloud hosted applications, internal public cloud workload and cloud data security (workload protection), protecting cloud assets against data breach, service disruption and resource exploitation.

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 Cloud Native Protector service is “an automated breach detection tool that continuously monitors cloud accounts for malicious activity”, 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; 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 in government regulation; 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; 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:
Maureen Shaw

Investor Relations:
Yisca Erez

Primary Logo

Source: Radware Ltd.

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 273 M - -
Net income 2021 15,3 M - -
Net cash 2021 432 M - -
P/E ratio 2021 84,6x
Yield 2021 -
Capitalization 1 251 M 1 251 M -
EV / Sales 2021 3,00x
EV / Sales 2022 2,63x
Nbr of Employees 1 067
Free-Float 83,9%
Duration : Period :
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Technical analysis trends RADWARE LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 32,50 $
Last Close Price 27,48 $
Spread / Highest target 27,4%
Spread / Average Target 18,3%
Spread / Lowest Target 5,53%
EPS Revisions
Managers and Directors
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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