Research analysts who have asked questions during RADWARE earnings calls.
CR
Chris Reimer
Barclays
6 questions for RDWR
Also covers: CEVA, ITRN, KRNT +3 more
GN
George Notter
Jefferies
5 questions for RDWR
Also covers: AAOI, ADTN, ANET +19 more
Ryan Koontz
Needham & Company, LLC
5 questions for RDWR
Also covers: AAOI, ADTN, ANET +27 more
Joseph Gallo
Jefferies & Company Inc.
4 questions for RDWR
Also covers: AVPT, CHKP, CRWD +11 more
AP
Angelie Papadopoulos
Jefferies
1 question for RDWR
JH
Jeff Hobson
Needham & Company
1 question for RDWR
Also covers: CRWD
Timothy Horan
Oppenheimer & Co. Inc.
1 question for RDWR
Also covers: AI, ASTS, BKSY +19 more
Recent press releases and 8-K filings for RDWR.
Radware Outlines Path to Double-Digit Growth and AI-Driven Strategy at Investor Day
RDWR
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Radware projects double-digit growth with a target of $500 million in revenue by 2030, driven by a 25% CAGR in Cloud ARR and a 15% CAGR in Total ARR. The company reported FY2025 revenue of $302 million and provided a FY2026 revenue outlook of $326-329 million, representing an 8%-9% year-over-year increase.
- The company is strategically focused on being a cloud-first cybersecurity company, enhancing its platform with AI Protection & API Security, and making significant investments in these areas, including new product launches like LLM Firewall and Agentic Protection.
- Key growth drivers include accelerating Cloud ARR growth, sustaining a ~82% Gross Margin, and expanding its Go-To-Market (GTM) strategy through OEM partnerships and MSSP alliances, with a focus on North America.
- Radware maintains a strong financial position with $460.6 million in cash and $41.6 million in free cash flow for 2025.
Feb 17, 2026, 2:30 PM
Radware Outlines Growth Strategy and Financial Targets at Investor Day 2026
RDWR
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- Radware projects its cloud Annual Recurring Revenue (ARR) to grow at a 25% CAGR, contributing to an overall ARR growth of 15% and targeting $500 million in total revenue by 2030. The total subscription business is currently growing at 21%, with cloud ARR growing at 23%.
- The company is strategically expanding into the rapidly growing API security market, estimated to reach $1 billion in 2026 with a 30% CAGR, and the emerging AI cybersecurity market, which Gartner projects to have a $170 billion Total Addressable Market (TAM) by 2029.
- Radware has launched new API security solutions, bolstered by the acquisition of Pynt, and introduced "Protect AI" and "Serve AI" offerings to address the unique security needs of AI agents. Strategic go-to-market initiatives include a "North America double down" and expanding into the mid-market via MSSPs to sustain double-digit growth.
Feb 17, 2026, 2:30 PM
Radware Reports Record 2025 Performance and Outlines Growth Strategy for Cloud, API, and AI Security
RDWR
Guidance Update
Product Launch
New Projects/Investments
- Radware achieved a record year in 2025, with revenues exceeding $300 million and its cloud security business approaching $100 million.
- The company has shifted to a cloud-first security model, with 80% of its business now recurring and total Annual Recurring Revenue (ARR) growing 11%. Cloud business ARR is targeted to grow at 25%, contributing to an overall subscription growth rate above 20%.
- Radware is expanding into high-growth markets, including API security (projected to be a billion-dollar market this year with 30% CAGR) and the AI cybersecurity market (estimated at $170 billion by 2029).
- New offerings include a comprehensive API security solution (enhanced by the Pynt acquisition) and AI security products (Protect AI and Serve AI) to secure agentic AI and LLM models.
- The company is positioned for sustained double-digit growth driven by accelerating cloud security, on-premise business strength, and an expanded go-to-market strategy focusing on North America and MSSPs.
Feb 17, 2026, 2:30 PM
Radware Reports Record 2025 Performance and Outlines Strategic Growth Initiatives
RDWR
Revenue Acceleration/Inflection
Product Launch
New Projects/Investments
- Radware achieved a record year in 2025, with over $300 million in revenues and its cloud security business scaling to nearly $100 million with accelerating growth. The company's business is now 80% recurring, and total Annual Recurring Revenue (ARR) is growing 11%.
- The company is strategically focused on becoming a cloud-first security company with a subscription business model, targeting 25% ARR growth for its cloud business and projecting $500 million in total revenue by 2030.
- Radware is expanding into high-growth markets, including API security (a market expected to reach $1 billion this year with 30% CAGR) and AI security (with a projected Total Addressable Market of $170 billion by 2029).
- New product launches include a comprehensive API security solution (enhanced by the acquisition of Pynt) and AI security offerings such as Protect AI and Serve AI, designed to secure and enable Agentic AI. The company also integrates AI into its platforms for improved protection and operational efficiency.
- The company is optimizing its go-to-market strategy by investing in North America and expanding into the mid-market through MSSPs, which is expected to drive sustained double-digit growth.
Feb 17, 2026, 2:30 PM
Radware Announces New Share Repurchase Plan
RDWR
Share Buyback
- Radware's board of directors has authorized a new plan to repurchase up to $80 million of its issued and outstanding ordinary shares.
- This new plan, referred to as the "2026 Plan," will expire on March 15, 2027.
- Repurchases may occur through open market transactions, privately negotiated transactions, or other legally permissible methods, depending on market conditions and other factors.
- The company is not obligated to repurchase any specific number of shares, and the plan can be suspended or terminated at management's discretion.
Feb 13, 2026, 11:00 AM
Radware reports record Q4 and Full Year 2025 results, driven by cloud security and new AI/API solutions
RDWR
Earnings
Guidance Update
Product Launch
- Radware achieved record Q4 2025 revenue of $80 million, a 10% year-over-year increase, and non-GAAP earnings per share of $0.32, up 19% year-over-year. For the full year 2025, revenue reached $302 million, growing 10% year-over-year, with non-GAAP EPS increasing 32% to $1.15.
- Cloud ARR grew 23% year-over-year to $95 million in Q4 2025, and total ARR increased 11% year-over-year to $251 million. The company's RPO reached a record $400 million, up 13% year-over-year.
- Strategic initiatives include the launch of a new Radware API Security Service and the acquisition of Pynt to enhance API security, alongside the release of an Agentic AI Protection solution.
- For Q1 2026, Radware expects total revenue to be in the range of $78 million to $79 million and non-GAAP diluted net earnings per share between $0.28 and $0.29.
Feb 11, 2026, 1:30 PM
Radware Reports Record Q4 and Full Year 2025 Results, Expands Security Offerings
RDWR
Earnings
Revenue Acceleration/Inflection
Product Launch
- Radware reported record financial results for Q4 and full year 2025, with Q4 revenue increasing 10% year-over-year to $80 million and non-GAAP diluted EPS growing 19% to $0.32. For the full year, revenue grew 10% to $302 million and non-GAAP diluted EPS increased 32% to $1.15.
- Cloud ARR reached a record $95 million by year-end 2025, up 23% year-over-year, and total ARR grew 11% year-over-year to $251 million. The company's RPO also reached a record $400 million, reflecting 13% year-over-year growth.
- The company expanded its security offerings with the launch of the Radware API Security Service and the Agentic AI Protection solution, and acquired Pynt to enhance API security capabilities.
- For Q1 2026, Radware provides guidance of total revenue between $78-$79 million and non-GAAP diluted net earnings per share between $0.28-$0.29.
- Radware plans to increase investments in innovation and go-to-market initiatives in 2026, and will classify SkyHawk Security operations as discontinued from Q1 2026.
Feb 11, 2026, 1:30 PM
Radware Reports Record Q4 and Full Year 2025 Financial Results, Introduces New Security Offerings
RDWR
Earnings
Guidance Update
Product Launch
- Radware achieved record revenues of $80 million in Q4 2025 and $302 million for the full year 2025, both increasing 10% year-over-year. Non-GAAP diluted EPS also reached a record $0.32 in Q4 2025 (up 19% year-over-year) and $1.15 for the full year 2025 (up 32% year-over-year).
- The company's Cloud ARR rose 23% year-over-year to $95 million in Q4 2025, nearing its $100 million goal, and total ARR grew 11% year-over-year to $251 million. RPO also reached a record $400 million, up 13% year-over-year.
- Radware expanded its offerings with the launch of its new Radware API Security Service and the acquisition of Pynt to enhance API security capabilities. It also introduced a new Agentic AI Protection solution, positioning itself in the AI security market.
- For Q1 2026, Radware expects total revenue to be in the range of $78 million to $79 million and non-GAAP diluted net earnings per share to be between $0.28 to $0.29.
Feb 11, 2026, 1:30 PM
Radware Reports Record Fourth Quarter and Full Year 2025 Financial Results
RDWR
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Radware reported record revenue of $80.2 million for Q4 2025 and $301.9 million for Full Year 2025, both representing a 10% year-over-year increase.
- Record non-GAAP diluted EPS reached $0.32 for Q4 2025 and $1.15 for Full Year 2025.
- Cloud Annual Recurring Revenue (ARR) increased by 23% year-over-year to $95.2 million, contributing to an 11% year-over-year increase in Total ARR to $251.0 million.
- The company concluded 2025 with $460.6 million in cash, cash equivalents, short-term and long-term bank deposits, and marketable securities.
Feb 11, 2026, 11:01 AM
Radware Reports Record Fourth Quarter and Full Year 2025 Financial Results
RDWR
Earnings
Revenue Acceleration/Inflection
- Radware achieved record revenue of $80.2 million for the fourth quarter of 2025 and $301.9 million for the full year 2025, both representing a 10% increase year-over-year.
- The company reported record non-GAAP diluted EPS of $0.32 for Q4 2025 and $1.15 for the full year 2025.
- Cloud ARR increased 23% year-over-year to $95.2 million, and Total ARR grew 11% year-over-year to $251.0 million as of the fourth quarter of 2025.
- As of December 31, 2025, Radware held $460.6 million in cash, cash equivalents, short-term and long-term bank deposits, and marketable securities.
- Cash flow from operations was $17.3 million for Q4 2025 and $50.1 million for the full year 2025.
Feb 11, 2026, 11:00 AM
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