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    RDWR   IL0010834765

RADWARE LTD.

(RDWR)
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Delayed Nasdaq  -  04:00 2022-06-24 pm EDT
22.59 USD   +2.82%
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Radware's New Integrated Application Delivery & Protection Offers Comprehensive Advanced Application Security and Availability

03/10/2021 | 06:00am EDT

MAHWAH, N.J., March 10, 2021 (GLOBE NEWSWIRE) -- Radware®, (NASDAQ: RDWR) a leading provider of cyber security and application delivery solutions, today announced that it has integrated additional application security into its Alteon® line of Application Delivery Controllers (ADCs) to provide comprehensive protection in one platform across all environments. Alteon’s new Integrated Application Protection includes a Web Application Firewall (WAF) to protect from web-based attacks, Bot Manager to block malicious automated threats, and Application Programming Interface (API) protection to secure APIs and provide full visibility on API targeted threats.

Alteon’s Integrated Application Protection allows enterprises to simply and securely scale deployment of applications across multiple environments, supporting legacy data centers, private and public clouds, enabled by one centralized controller and a global elastic license. Alteon is one of the only ADCs in the market to provide this comprehensive protection for all applications on a single platform based on an organization’s specific traffic needs.

Radware Alteon works with Radware’s Global Elastic License (GEL), allowing customers to buy a single application delivery and security license and deploy across all environments. By relying on one GEL for the entire organization, application delivery and protection services can be scaled up and down depending upon where and when they are needed.

According to Shira Sagiv, Vice President of Product Portfolio, Radware, “As enterprises continue their transition to the cloud, they are creating new applications that reside across multiple environments, each with its own interfaces and tools to facilitate secure application delivery. Consequently, the application attack surface is more expansive than it has ever been exposing organizations to greater and more complex threats. Our latest version of Alteon addresses this challenge with an integrated application protection offering applicable for all environments, unifying application delivery and protection across our customers’ private, public, and hybrid cloud infrastructures.”

Alteon’s centralized service management and control capability provides an easy-to-use interface to simplify provisioning and monitoring of application delivery and security services. Its highly automated platform considerably reduces the need for human intervention, allowing enterprisers to more easily manage and maintain their applications while minimizing dependency on app security experts. Alteon’s auto learning algorithm provides protection that is constantly optimized, thereby reducing the need for ongoing maintenance.

For more details about Radware’s latest version of Alteon Integrated Application Protection offering, please check out the Alteon resource page.

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 Alteon GEL allows scaling up and down application delivery and protection services depending upon where and when they are needed, 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; 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 protect our proprietary technology; 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:
Elyse Familant
For Radware
elysef@resultspr.net

Joel Arabia
Radware
joel.arabia@radware.com


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Financials (USD)
Sales 2022 313 M - -
Net income 2022 - - -
Net cash 2022 465 M - -
P/E ratio 2022 94,1x
Yield 2022 -
Capitalization 1 013 M 1 013 M -
EV / Sales 2022 1,75x
EV / Sales 2023 1,49x
Nbr of Employees 1 075
Free-Float 80,8%
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Last Close Price 22,59 $
Average target price 37,75 $
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Roy Zisapel Director
Guy Avidan Chief Financial Officer
Yehuda Zisapel Chairman
David Aviv Chief Technology Officer
Gabi Malka Chief Operating Officer
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