RDWR
Radware Ltd.

Radware Ltd.RDWR

Technology · Software - Infrastructure
29.84USD
-1.13%
Nov 08, 2026
RDWR overview ready
Integrated Application and DDoS Protection Solutions for Enterprises
Radware is a focused application-security and availability vendor serving enterprises and service providers with cloud and appliance/software offerings for web application firewalls, API security, bot management, web and network DDoS mitigation, client-side protection, and application delivery.
Primary theme is weakening
Cybersecurity is weakening (-3.1pp vs SPY over 21 sessions; 8 of 20 members ahead of SPY).
Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
Demanding valuation
Radware Ltd. carries a Expensive valuation stance that the scored components do not clearly support.
Solid fundamentals
Ev / sales is strong.
Primary risk
Rapidly evolving cybersecurity threat landscape requiring continuous innovation.
Market Nov 6Price action Nov 7Research Nov 4

Conviction Level

PriceAction7.7BusinessPerformance—BusinessQuality—Valuation3.2ThemeMomentum3.0Business Performance not yet available.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
CybersecurityWeakening
vs SPY
−3.1pp
Theme return
−8.1%
Beating SPY
8 of 20
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Constructive pullback in an uptrend
Longer-term context reads established trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$1.3B
Avg Volume (60D)
413.9K
60 sessions
Revenue Growth YoY
+10.9%
Trailing twelve months
Gross Margin
+80.4%
Operating Margin
+4.1%
Trailing twelve months
Free Cash Flow Yield
+3.2%
Distance from 200DMA
+6.8%
P/E
96.3x
EV / EBITDA
57.6x
EV / Sales
3.1x
Market metrics as of Nov 7, 2026

Business Performance

Business Quality

Not assessed

Not assessed — the company files under a regime the financial record does not cover yet.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Radware Ltd. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Thesis
Radware is a focused application-security and availability vendor serving enterprises and service providers with cloud and appliance/software offerings for web application firewalls, API security, bot management, web and network DDoS mitigation, client-side protection, and application delivery.
Opportunity
Moderate opportunity
Enterprise spending on cloud-delivered and hybrid runtime protection for internet-facing applications, APIs, automated abuse, and denial-of-service attacks as digital services, APIs, and AI-enabled attack methods expand the external attack surface.
Key risk
Rapidly evolving cybersecurity threat landscape requiring continuous innovation.

Economic classification

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Business & Markets

Technology · Software - Infrastructure
What they do

Radware Ltd. develops, manufactures, and markets cybersecurity and application delivery solutions for cloud, on-premises, and software-defined data centers, operating through two segments: Radware's Core Business and The Hawks' Business.

How it earns

The company primarily generates revenue through subscription and service-based sales of its cybersecurity and application delivery products.

Products & services
Cloud application protection service
Cloud WAF
Bot manager
API protection
Web DDoS protection
Client-side protection
Threat intelligence
Kubernetes WAAP
Alteon integrated WAF
Cloud DDoS protection service
Web DDoS protection defencepro X
Cyber controller
AI SOC Xpert
Firewall-as-a-service
Customers & end markets
Enterprise customers
Cloud service providers
Hybrid IT environments
Service providers
Market position

Radware is a direct application-security vendor combining cloud-delivered WAAP capabilities with DDoS mitigation and application-delivery products, positioning it as a specialized provider in enterprise cybersecurity.

Demand drivers
Medium cyclicality

Demand is influenced by enterprise IT spending cycles and evolving cybersecurity threats requiring ongoing investment.

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