RDWR · NASDAQ · Software - Infrastructure

Radware

Securing and delivering applications across multi-cloud environments.

$28.60
After-hours close−0.03 (−0.10%)
At close$28.63(−3.18%)
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Profile

Radware Ltd.RDWRInformation Technology

Cloud-security subscriptions, on-premises products and services support application security and delivery for multi-cloud customers. Its portfolio spans infrastructure, application and network protection for enterprises, carriers and cloud service providers.

Application-security and delivery offerings serve enterprises, carriers and cloud service providers in multi-cloud environments. Offerings include cloud-security subscriptions, on-premises hardware and software, product subscriptions, and managed, professional, support, training and certification services.

Protection spans infrastructure, application and network layers, extending an original application-availability platform through product development and acquisitions. Cloud-delivered application security, DDoS protection, bot security and API security sit alongside application-delivery capabilities.

The Pynt acquisition adds pre-production testing to the API-security portfolio while continuous production protection remains part of that portfolio. Its business model combines subscriptions, products and services for its customer groups.

Company facts

CEORoy Zisapel
ListedSep 30, 1999
ExchangeNASDAQ
HeadquartersTel Aviv, Israel
CountryIsrael
Employees1,296
CIK0001094366
ISINIL0010834765

Key statistics

Market cap$1.23B
EPS (ttm)$0.3796
P/E (ttm)75.34
ROE5.1%
P/B3.76
P/S3.88
Dividend yield
Beta1.22vs XLK 0.62

Year to date +20.4% · Average volume (30d) 224.8K

Analysts

Price target, next 12 months$30.00+4.9%Median of 14 analysts · vs the Aug 28 close
ConsensusHold6 of 14 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionTarget
Dec 16, 2025JefferiesTarget$25

Earnings

EPS

Estimate$0.29
ReportedDue Nov 4, 2026

Revenue

Estimate$83.0M
ReportedDue Nov 4, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext session
Jul 29, 2026Q2 FY26$0.28$0.30+5.9%$81.5M$82.3M+1.0%−17.23%
May 7, 2026Q1 FY26$0.27$0.30+9.1%$78.7M$79.8M+1.4%−3.10%
Feb 11, 2026Q4 FY25$0.30$0.32+5.2%$78.6M$80.2M+2.0%−4.76%
Oct 29, 2025Q3 FY25$0.30$0.28−7.0%$78.6M$75.3M−4.2%−2.27%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$72.1M$74.2M$75.3M$80.2M$79.8M$82.3M
Gross profit$58.1M$59.9M$60.7M$64.8M$64.7M$66.5M
Operating income$1.6M$2.8M$3.2M$3.9M$4.8M$2.5M
Net income$4.3M$4.2M$5.7M$6.0M$3.5M$1.7M
Diluted EPS$0.10$0.09$0.13$0.13$0.08$0.04
Gross margin80.6%80.7%80.7%80.7%81.1%80.8%
Operating margin2.2%3.8%4.2%4.9%6.0%3.0%

Fiscal years (4-quarter sums)FY21 $286.5M · FY22 $293.4M · FY23 $261.3M · FY24 $274.9M · FY25 $301.9M

Revenue by product · FY25

Products$189.6M · 63%
Services$112.3M · 37%

Revenue by geography · FY25

Europe Middle East Africa$111.3M · 37%
United States$92.7M · 31%
Asia Pacific$66.1M · 22%
America - Other$31.8M · 11%

Balance sheet, Jun 30, 2026Cash & short-term investments $248.4M · Total debt $16.1M · Total assets $654.4M · Shareholders' equity $317.7M

Dividends

No dividends on record.

Ownership

Institutions 73.56%31.74M sharesInsiders 11.83%5.10M sharesOther 14.61%6.30M shares

Shares outstanding 43.15M · Float 35.07M · 81.3% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Senvest Management, LLC4.05M9.38%13FMay 14, 2026
Morgan Stanley3.05M7.20%13GMay 12, 2026
Penserra Capital Management LLC2.94M6.82%13FMay 11, 2026
Artisan Partners Limited Partnership2.75M6.37%13FMay 13, 2026
Roy Zisapel · director, officer: President & CEO2.39M5.54%Form 4May 27, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Jul 31, 2026Guy Avidanofficer: Chief Financial Officer+2,000$25.21
Jul 9, 2026Rivkah Goldriechofficer: Chief People Officer−750$32.00
May 29, 2026Gabriel Malkaofficer: Chief Operating Officer−7,000$30.00
May 22, 2026Rivkah Goldriechofficer: Chief People Officer−1,375$29.50
May 8, 2026Gabriel Malkaofficer: Chief Operating Officer−3,111$29.00
View details

Peers

  • Cloudflare

    Broad overlap in DDoS, WAF, bot management, and API security

  • Akamai Technologies

    Overlap in DDoS, WAF, bot management, and API security

  • F5

    Overlap in application delivery, WAF, and bot mitigation

  • NETSCOUT Systems

    Overlap in Arbor-based DDoS defense

  • A10 Networks

    Direct overlap in application delivery

CompareAfter-hours close

CompanyPriceChange
Radware$28.60−0.10%$1.23B75.322.63.9+10.9%
Cloudflare$301.61+0.66%$106.39B203.442.3+35.9%
Akamai Technologies$107.02−0.39%$15.62B38.715.63.6+5.4%
F5$393.00−0.36%$22.24B31.422.76.7+10.9%
NETSCOUT Systems$39.06−0.05%$2.84B23.714.33.2+12.7%
A10 Networks$25.70−0.02%$1.85B42.823.76.0+15.5%
Median35.022.76.0+12.7%