Radware Ltd. logo

Radware Ltd.

RDWR

NASDAQTechnologySoftware - Infrastructure

Previous close

$27.85

+$0.87 · +3.22%

Aug 21, 4:00 PM ET

RDWR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

62

Undervalued

Momentum

62

Gaining

Sentiment

50

Mixed

Risk resilience

64

Moderate Risk

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Company profile

Company website

Radware Ltd. and its affiliated companies are dedicated to the development, production, and distribution of advanced cybersecurity and application management tools. These sophisticated solutions cater to applications hosted across global cloud infrastructures, traditional physical data centers, and modern software-defined environments. The company's security offerings encompass DefensePro for immediate network attack defense, AppWall serving as a Web Application Firewall (WAF), and the Radware Kubernetes WAF, specifically engineered for WAF protection within Kubernetes-orchestrated CI/CD pipelines. Additionally, DefenseFlow provides comprehensive cyber command and control capabilities. In terms of application delivery, Radware supplies Alteon, an application delivery controller and load balancer essential for web, cloud, and mobile applications, alongside LinkProof NG, a multi-homing and enterprise gateway ensuring robust connectivity for both on-premise and cloud-based applications. Radware further enhances its portfolio with specialized subscriptions and services. These include a Security Updates Subscription, designed to shield network elements, hosts, and applications from emerging threats and vulnerabilities. The ERT Active Attackers Feed offers clients critical intelligence regarding attack sources recently involved in DDoS and web attacks. The Alteon Global Elastic License provides adaptable ADC services across diverse private, public cloud, and data center environments. For monitoring, APSolute Vision serves as a network surveillance tool for cybersecurity and application delivery solutions, while the MSSP Portal streamlines DDoS detection and mitigation services. Moreover, clients can access Radware's Cloud DDoS Protection Service, delivering top-tier distributed denial-of-service defense via the cloud. Complementing these products, the company offers a full spectrum of customer support, including technical assistance, professional services, managed services, and various training and certification programs. Radware's products are primarily sold through independent distributors, such as value-added resellers (VARs), original equipment manufacturers (OEMs), and system integrators (SIs). Established in 1996, Radware Ltd. is headquartered in Tel Aviv, Israel.

Industry
Software - Infrastructure
Sector
Technology
Headquarters
IL
CEO
Roy Zisapel
Listed since
Sep 30, 1999
Employees
1,228

Market position

Day range

Current $27.85

52-week range

Current $27.85

Open
$27.255
Previous close
$26.98
Volume
272.35K
1.16× average
Average volume
234.79K
Average daily volume
Market cap
1.2B USD
Beta
0.84
Market reference 1
50-day average
$28.8788
-3.56% below average
200-day average
$26.2064
+6.27% above average

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends91%54%16%-22%Gross margin, FY2021: 81.69%Gross margin, FY2022: 81.64%Gross margin, FY2023: 80.21%Gross margin, FY2024: 80.63%Gross margin, FY2025: 80.67%Operating margin, FY2021: 6.36%Operating margin, FY2022: -1.14%Operating margin, FY2023: -12.12%Operating margin, FY2024: -1.41%Operating margin, FY2025: 3.78%Net margin, FY2021: 2.73%Net margin, FY2022: -0.06%Net margin, FY2023: -8.26%Net margin, FY2024: 2.20%Net margin, FY2025: 6.71%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 81.69%. Gross margin FY2022 81.64%. Gross margin FY2023 80.21%. Gross margin FY2024 80.63%. Gross margin FY2025 80.67%. Operating margin FY2021 6.36%. Operating margin FY2022 -1.14%. Operating margin FY2023 -12.12%. Operating margin FY2024 -1.41%. Operating margin FY2025 3.78%. Net margin FY2021 2.73%. Net margin FY2022 -0.06%. Net margin FY2023 -8.26%. Net margin FY2024 2.20%. Net margin FY2025 6.71%.

Income trends

Revenue

301.85M USD+9.81%

Operating income

11.41M USD+15.3M USD

Net income

20.26M USD+235.49%
Income trends across reported periods335.2M USD201.79M USD68.38M USD−65.03M USDRevenue, FY2021: 286.5M USDRevenue, FY2022: 293.43M USDRevenue, FY2023: 261.29M USDRevenue, FY2024: 274.88M USDRevenue, FY2025: 301.85M USDOperating income, FY2021: 18.23M USDOperating income, FY2022: −3.34M USDOperating income, FY2023: −31.68M USDOperating income, FY2024: −3.89M USDOperating income, FY2025: 11.41M USDNet income, FY2021: 7.81M USDNet income, FY2022: −166K USDNet income, FY2023: −21.59M USDNet income, FY2024: 6.04M USDNet income, FY2025: 20.26M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 286.5M USD. Revenue FY2022 293.43M USD. Revenue FY2023 261.29M USD. Revenue FY2024 274.88M USD. Revenue FY2025 301.85M USD. Operating income FY2021 18.23M USD. Operating income FY2022 −3.34M USD. Operating income FY2023 −31.68M USD. Operating income FY2024 −3.89M USD. Operating income FY2025 11.41M USD. Net income FY2021 7.81M USD. Net income FY2022 −166K USD. Net income FY2023 −21.59M USD. Net income FY2024 6.04M USD. Net income FY2025 20.26M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue301.85M USD274.88M USD261.29M USD293.43M USD286.5M USD
Cost of goods sold58.34M USD53.25M USD51.71M USD53.88M USD52.45M USD
Gross profit243.51M USD221.63M USD209.58M USD239.54M USD234.05M USD
Research and development78.98M USD74.72M USD82.62M USD86.56M USD74.1M USD
Selling, general, and administrative153.12M USD150.79M USD158.65M USD156.32M USD141.73M USD
Operating expenses232.1M USD225.52M USD241.26M USD242.88M USD215.83M USD
Interest income14.67M USD18.03M USD14.16M USD6.89M USD5.99M USD
Interest expense236K USD197K USD207K USD200K USD
Depreciation and amortization11.68M USD11.84M USD12.24M USD11.69M USD10.2M USD
Operating income11.41M USD−3.89M USD−31.68M USD−3.34M USD18.23M USD
Net income20.26M USD6.04M USD−21.59M USD−166K USD7.81M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
82%
9 beats, 1 miss, 1 met estimate
Average EPS surprise
+8.88%
11 comparable reports
Latest EPS result
0.3
Estimate 0.28 · Beat by 5.89%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.360.310.250.2Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 0.27, estimate 0.24, surprise +12.50%, Beat. Q2 2025, reported May 7, 2025: actual 0.27, estimate 0.23, surprise +17.39%, Beat. Q3 2025, reported Jul 30, 2025: actual 0.28, estimate 0.26, surprise +7.69%, Beat. Q4 2025, reported Oct 29, 2025: actual 0.28, estimate 0.301, surprise -6.98%, Miss. Q1 2026, reported Feb 11, 2026: actual 0.32, estimate 0.304, surprise +5.16%, Beat. Q2 2026, reported May 7, 2026: actual 0.3, estimate 0.275, surprise +9.13%, Beat. Q3 2026, reported Jul 29, 2026: actual 0.3, estimate 0.283, surprise +5.89%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 0.293, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates86.34M80.24M74.14M68.04MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 12, 2025: actual 73.03M USD, estimate 71.36M USD, surprise +2.34%, Beat. Q2 2025, reported May 7, 2025: actual 72.08M USD, estimate 73.33M USD, surprise -1.71%, Miss. Q3 2025, reported Jul 30, 2025: actual 74.22M USD, estimate 74.64M USD, surprise -0.56%, Miss. Q4 2025, reported Oct 29, 2025: actual 75.31M USD, estimate 78.65M USD, surprise -4.24%, Miss. Q1 2026, reported Feb 11, 2026: actual 80.25M USD, estimate 78.65M USD, surprise +2.03%, Beat. Q2 2026, reported May 7, 2026: actual 79.81M USD, estimate 78.72M USD, surprise +1.39%, Beat. Q3 2026, reported Jul 29, 2026: actual 82.28M USD, estimate 81.49M USD, surprise +0.96%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 83.02M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

14 ratings
Strong buy00%
Buy643%
Hold857%
Sell00%
Strong sell00%

Recent analyst actions

3 institutions

RDWR peers

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