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Radware Teams Up With Internet2 to Provide Custom DDoS Mitigation Service for Regional Education Network Providers
Service Protects Educational and Research Organizations Environment Against Cyber Attacks That Compromise Student, Staff, and Faculty Information and Educational MaterialsMAHWAH, N.J., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Radware®, a leading provider of cyber security and application delivery solutions, and Internet2 today announced they have customized Radware’s on-demand cloud DDoS Mitigation service for regional education network providers across the U.S. Internet2 provides a secure high-speed network, cloud solutions, research support, and services tailored for research and education, including higher education, research institutions, government entities and cultural organizations. Through meetings with regional education network providers, Internet2 developed technical and commercial requirements that were presented to Radware and others. Based upon Radware’s superior security technology, Internet2 selected it to deliver DDoS service to the research and education members. “Radware listened to and then delivered on all of the detailed requirements of our regional network members for a cloud-based DDoS service, creating a custom offering specifically designed to meet the complex security demands of our membership, which includes higher education, research facilities and major healthcare systems across the country,” said George K. Loftus, Associate Vice President of Network Services, Internet2. Once the agreement was up and running, regional education network providers signed up to deliver services to their clients based upon Internet2’s detailed evaluation of the Radware offering. Radware’s specially architected mitigation solution for Internet2 protects its members from all types of DDoS attacks. CENIC, operator of CalREN, California’s Research and Education Network, represents the tenth regional network onboarded to Internet2’s DDoS service powered by Radware. CENIC uses and offers this service to its associates, leveraging CENIC's high capacity, direct connections with Internet2 in Los Angeles and Sunnyvale. “Schools and universities depend on their websites and online services,” said Raffi Kesten, Chief Business Officer for Radware. “Because of the challenges of remote working and an exponential increase in DDoS attacks, networks and applications must be available 24x7 to allow students and faculty access to resources, especially during admissions, exams and other time-sensitive periods. We’re excited to work with Internet2 and provide this innovative mitigation service to regional education network providers across the country.” About Internet2 Internet2® is a non-profit, member-driven advanced technology community founded by the nation’s leading higher education institutions in 1996. Internet2 serves 323 U.S. universities, 60 government agencies, 43 regional and state education networks and through them supports more than 100,000 community anchor institutions, over 1,000 InCommon participants, and 56 leading corporations working with our community, and 70 national research and education network partners that represent more than 100 countries. Internet2 delivers a diverse portfolio of technology solutions that leverages, integrates, and amplifies the strengths of its members and helps support their educational, research and community service missions. Internet2’s core infrastructure components include the nation’s largest and fastest research and education network that was built to deliver advanced, customized services that are accessed and secured by the community-developed trust and identity framework. Internet2 offices are located in Ann Arbor, Mich.; Denver, Colo.; Washington, D.C.; and West Hartford, Conn. For more information, visit www.internet2.edu or follow @Internet2 on Twitter. About Radware Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com. Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, Radware Mobile for iOS and Android, and our security center DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats. ©2021 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners Safe Harbor Statement This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could.” When we say that “Internet2 selected Radware to deliver DDoS service to research and education members” that is a forward-looking statement. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; intense competition in the market for cyber security and application delivery solutions and in our industry in general and changes in the competitive landscape; outages, interruptions or delays in hosting services or our internal network system; our dependence on independent distributors to sell our products; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to attract, train and retain highly qualified personnel; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com. Media Contacts:Deborah SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Thu, 18 Feb 2021 11:00:00 +0000Read moreIs Radware Ltd. (NASDAQ:RDWR) Potentially Undervalued?
Radware Ltd. ( NASDAQ:RDWR ), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in...
Wed, 17 Feb 2021 12:11:43 +0000Read moreRadware Upsizes Share Buyback To $80M Following Weak Q4 EPS
Radware Ltd. (NASDAQ: RDWR) upsized its share buyback plan to $80 million, including the remaining share repurchase plan for 2020 and the new 2021 plan. The buyback plan will expire on December 31, 2021. The company bought back shares worth $45 million in 2020. Radware reported a 2.5% year-on-year revenue growth to $69 million in the fourth quarter of FY20, just a week back, exceeding analyst estimates of $67.7 million. The growth was fueled by record cloud and subscription annual recurring revenue (ARR) growth. However, EPS plummeted 8.7% to $0.21 compared to consensus estimates of $0.22. Closing cash stood at $54.8 million, and operating cash flow rose 306% to $16.1 million. Radware's stock had underperformed the broader tech sector, growing 14.7% in the last year and just 0.11% during the previous six months. Based on today's price, the stock buyback could see up to 7% of the company's stock retired in less than a year. Price Action: RDWR shares are trading higher by 4.75% at $27.44 on the last check Tuesday. See more from BenzingaClick here for options trades from BenzingaSocket Mobile Launches Enterprise-Grade Scanners For iPhone 12 series, Shares SkyrocketPalo Alto Networks To Acquire Cloud Security Company Bridgecrew For 6M© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Tue, 16 Feb 2021 16:39:18 +0000Read moreRadware Chosen by Atman for DDoS Protection
Radware DefensePro® Protects Atman’s Infrastructure, Provides DDoS-as-a-Service to its CustomersMAHWAH, N.J., Feb. 16, 2021 (GLOBE NEWSWIRE) -- Radware® (Nasdaq: RDWR), a leading provider of cyber security and application delivery solutions, today announced that ATM S.A., a Polish data center operator that provides colocation, dedicated hosting and cloud computing services under the Atman brand, has chosen Radware’s DefensePro® attack mitigation solution to provide DDoS protection and mitigation for its own infrastructure as well as offer managed anti-DDoS-as-a-Service solutions to its customers as a new revenue opportunity. Atman offers broadband services, internet access and data transmission services to telecommunications operators, media, financial and commerce industries. The company turned to Radware because it was looking to replace its current DDoS protection with a more robust and reliable solution. After a detailed technical evaluation demonstrating superior technology, technical expertise and customer responsiveness, Radware won the contract. “We were looking for a more reliable and robust DDoS protection solution and found that Radware’s solution met all of our needs,” said Jaroslaw Luczkiewicz, Atman’s CMO. “Radware protects our infrastructure from many types of DDoS attacks. Not only does it provide us with a solid defense for our own network and data centers, but it gives us a competitive advantage by providing us the opportunity to resell DDoS protection as a service to our customers.” Radware’s latest DefensePro devices analyze traffic patterns, such as sudden and massive spikes, to provide automated, behavior-based protection from fast moving, high volume, encrypted or very short duration DDoS attacks, including: zero-day DDoS attacks, randomized and reflective DDoS attacks, IoT-based attacks like Mirai, pulse and burst DDoS attacks, recursive DDoS attacks on DNS infrastructure, TLS/SSL attacks, and those attacks associated with Permanent Denial of Service (PDoS) and Ransom Denial of Service (RDoS) techniques. According to Shira Sagiv, Vice President of Product Portfolio for Radware, “We’re pleased that Atman relies on Radware to ensure that its infrastructure is protected, in addition to reselling cyber security mitigation capabilities to their customers as a managed service.” Radware's DefensePro attack mitigation solutions are built to overcome both the complexity and scale of today's sophisticated IoT-based botnets and other threats to data centers. It relies on first-in-class behavioral-based algorithms to protect from known DNS attacks in the most cost-effective way and provides in-the-box, patented SSL attack mitigation that provides the lowest latency, most efficient SSL attack protection with the widest coverage from SSL-based DDoS attacks, including DNS and SSL attacks. Radware backs up these technological advancements with excellence in service and dedication, including its Emergency Response Team. About Radware Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com. Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, Twitter, YouTube, and Radware Mobile for iOS and Android. ©2021 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners. Safe Harbor Statement This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could.” For example, when we say that our “DefensePro attack mitigation solutions are built to overcome both the complexity and scale of today's sophisticated IoT-based botnets and other threats to data centers” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; intense competition in the market for cyber security and application delivery solutions and in our industry in general and changes in the competitive landscape; changes outages, interruptions or delays in hosting services or our internal network system; our dependence on independent distributors to sell our products; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; intellectual property infringement claims made by third parties; our ability to attract, train and retain highly qualified personnel; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com. Media Contacts:Deborah SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Tue, 16 Feb 2021 11:00:00 +0000Read moreRadware Announces Aggregate $80 Million Share Repurchase Plan for 2021
TEL AVIV, Israel, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Radware® (NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions, today announced that its board of directors has significantly upsized the Company’s share repurchase plan. The share repurchase plan will expire on December 31, 2021. The plan is comprised of a combination of the remainder of the 2020 share repurchase plan and the new 2021 authorization of additional share repurchases totaling an aggregate of $80 million shares. The Company has already obtained Israeli court approval for repurchases until May 20, 2021 and intends to request additional court approvals or extensions as may be required under Israeli law. In 2020, the Company repurchased in aggregate $45 million of its shares. The share repurchase plan authorizes management to repurchase ordinary shares, from time to time, in open market transactions, in privately negotiated transactions or in other legally permissible ways depending on market conditions, share price, trading volume and other factors. Such repurchases will be made in accordance with applicable U.S. securities laws and regulations, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”) and applicable Israeli law, including, to the extent necessary, extending the approval of the Israeli court for the repurchase program (currently scheduled to expire in May 2021) or obtaining additional court approval. The Company may repurchase all or a portion of the authorized repurchase amount pursuant to a plan that is compliant with Rule 10b5-1 of the Exchange Act that is designed to facilitate these purchases. The share repurchase plan does not obligate the Company to repurchase any specific number of shares and may be suspended or terminated at any time at management’s discretion. About Radware Radware® (NASDAQ: RDWR), is a global leader of cyber security and application delivery solutions for physical, cloud, and software defined data centers. Its award-winning solutions portfolio secures the digital experience by providing infrastructure, application, and corporate IT protection and availability services to enterprises globally. Radware’s solutions empower enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down. For more information, please visit www.radware.com. ©2021 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents and pending patent applications of Radware in the U.S. and other countries. For more details please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners. Safe Harbor Statement This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could.” For example, when we discuss the share repurchase plan and our ability to implement it, including by obtaining Israeli court approval, we are using a forward-looking statement, Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; natural disasters and public health crises, such as the coronavirus disease 2019 (COVID-19) pandemic; our ability to expand our operations effectively; timely availability and customer acceptance of our new and existing solutions; risks and uncertainties relating to acquisitions or other investments; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; intense competition in the market for cyber security and application delivery solutions and in our industry in general and changes in the competitive landscape; changes in government regulation; outages, interruptions or delays in hosting services or our internal network system; compliance with open source and third-party licenses; the risk that our intangible assets or goodwill may become impaired; our dependence on independent distributors to sell our products; long sales cycles for our solutions; changes in foreign currency exchange rates; undetected defects or errors in our products or a failure of our products to protect against malicious attacks; the availability of components and manufacturing capacity; the ability of vendors to provide our hardware platforms and components for our main accessories; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; changes in tax laws; our ability to realize our investment objectives for our cash and liquid investments; our ability to attract, train and retain highly qualified personnel; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com Media Contacts:Deborah SzajngartenRadware201-785-3206deborah.szajngarten@radware.com
Tue, 16 Feb 2021 10:55:00 +0000Read more