Radware
Securing and delivering applications across multi-cloud environments.
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Profile
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
Categories
Key statistics
Year to date +20.4% · Average volume (30d) 224.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Dec 16, 2025 | Jefferies | Target | $25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next 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% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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 margin | 80.6% | 80.7% | 80.7% | 80.7% | 81.1% | 80.8% | |
| Operating margin | 2.2% | 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
Revenue by geography · FY25
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
Shares outstanding 43.15M · Float 35.07M · 81.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Senvest Management, LLC | 4.05M | 9.38% | 13F | May 14, 2026 |
| Morgan Stanley | 3.05M | 7.20% | 13G | May 12, 2026 |
| Penserra Capital Management LLC | 2.94M | 6.82% | 13F | May 11, 2026 |
| Artisan Partners Limited Partnership | 2.75M | 6.37% | 13F | May 13, 2026 |
| Roy Zisapel · director, officer: President & CEO | 2.39M | 5.54% | Form 4 | May 27, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 31, 2026 | Guy Avidan | officer: Chief Financial Officer | +2,000 | $25.21 |
| Jul 9, 2026 | Rivkah Goldriech | officer: Chief People Officer | −750 | $32.00 |
| May 29, 2026 | Gabriel Malka | officer: Chief Operating Officer | −7,000 | $30.00 |
| May 22, 2026 | Rivkah Goldriech | officer: Chief People Officer | −1,375 | $29.50 |
| May 8, 2026 | Gabriel Malka | officer: Chief Operating Officer | −3,111 | $29.00 |
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
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Radware | $28.60 | −0.10% | $1.23B | 75.3 | 22.6 | 3.9 | +10.9% |
| Cloudflare | $301.61 | +0.66% | $106.39B | — | 203.4 | 42.3 | +35.9% |
| Akamai Technologies | $107.02 | −0.39% | $15.62B | 38.7 | 15.6 | 3.6 | +5.4% |
| F5 | $393.00 | −0.36% | $22.24B | 31.4 | 22.7 | 6.7 | +10.9% |
| NETSCOUT Systems | $39.06 | −0.05% | $2.84B | 23.7 | 14.3 | 3.2 | +12.7% |
| A10 Networks | $25.70 | −0.02% | $1.85B | 42.8 | 23.7 | 6.0 | +15.5% |
| Median | 35.0 | 22.7 | 6.0 | +12.7% |







