Radware Q1 Revenue Surges 11% to $79.81M, Exceeding Expectations Driven by Cloud Growth
RDWR sits 26% above its 52-week low of $21.29.
Summary
Radware reported strong first-quarter results, with revenue increasing 11% year-over-year to $79.81 million, surpassing analyst estimates of $78.57 million. This growth was primarily fueled by robust performance in its cloud security business, including API Protection, and its on-prem DDoS protection portfolio. While non-GAAP diluted EPS saw a slight decline to $0.30, attributed partly to the appreciation of the Israeli shekel, the significant revenue beat and underlying strength in key growth areas are positive indicators for the company's trajectory. This report builds on the positive financial turnaround noted in the company's recent 20-F filing for 2025. Traders will be watching for future guidance, which was not provided in this release, to assess the sustainability of this growth.
At the time of this announcement, RDWR was trading at $26.86 on NASDAQ in the Technology sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $21.29 to $31.57. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.