Radware Lands 7-Year DDoS Deal With Major Cloud Provider After Beating ~10 Rivals
RDWR sits 47% above its 52-week low of $21.68 on elevated volume (2.0× avg).
Summary
Radware signed a seven-year agreement to modernize and expand DDoS protection for an existing major global cloud services provider, winning a competitive evaluation against roughly 10 vendors. The deal includes DefensePro X380 hardware plus licenses, which points to a recurring software/subscription revenue mix rather than a one-off box sale. It is an expansion of an existing customer relationship, so churn risk is low and the multi-year term adds revenue visibility. No contract value, deployment schedule, or revenue recognition timing was disclosed, which limits how much the market can underwrite today. Q3 2026 results are due October 28, one day after this announcement, giving management an immediate venue to size the deal or update guidance.
At the time of this announcement, RDWR was trading at $31.87 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $21.68 to $32.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.