Radware (RDWR)
Securing and delivering applications across multi-cloud environments.
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Cloud-security subscriptions, on-premises products and services support application security and delivery for multi-cloud customers. Its portfolio spans infrastructure, application and network protection for enterprises, carriers and cloud service providers.
Application-security and delivery offerings serve enterprises, carriers and cloud service providers in multi-cloud environments. Offerings include cloud-security subscriptions, on-premises hardware and software, product subscriptions, and managed, professional, support, training and certification services.
Protection spans infrastructure, application and network layers, extending an original application-availability platform through product development and acquisitions. Cloud-delivered application security, DDoS protection, bot security and API security sit alongside application-delivery capabilities.
The Pynt acquisition adds pre-production testing to the API-security portfolio while continuous production protection remains part of that portfolio. Its business model combines subscriptions, products and services for its customer groups.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Dec 16, 2025 | Jefferies | Target | Target: — | Target: $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $248.4M · Total debt $16.1M · Total assets $654.4M · Shareholders' equity $317.7M
- Revenue
- $82.3M
- Operating income
- $2.5M
- Net income
- $1.7M
No dividends on record.
| Institutions | ≈ 70.02% | 30.21M ADS | |
|---|---|---|---|
| 142 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 7.93% | 3.42M ADS | |
| 9 holders · as of Sep 18, 2026 | |||
| Strategic holders | 13.16% | 5.68M ADS | |
| 2 holders · as of Nov 12, 2025 | |||
| Other | ≈ 8.89% | 3.84M ADS | |
| remainder | |||
43.15M ADS as of Sep 16, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Senvest Management, LLCInstitution | 9.38% | 4.05M ADS | as of Jun 30, 2026 |
Artisan Partners Asset Management Inc.Strategic | 7.26% | 3.13M | filed Nov 12, 2025 |
Roy Zisapel1,2Insiderdirector, officer: President & CEO | 6.53% | 2.16M ordinary | filed May 27, 2026 |
Penserra Capital Management LLCInstitution | 6.31% | 2.72M ADS | as of Jun 30, 2026 |
The Phoenix Holdings Ltd.Strategic | 5.90% | 2.55M | filed Nov 8, 2022 |
- Roy Zisapel's transaction reports restate only vehicles that traded; the 2025 ownership statement (2.16M) plus the 655.6K net shares acquired since is used instead.
- Roy Zisapel reports a block also reported by Morgan Stanley; it is counted once, under Morgan Stanley.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 17, 2026 | David Meleh Aviv | officer: Chief Technology Officer | −15,000 | $30.71 |
| Aug 27, 2026 | Gabriel Malka | officer: Chief Operating Officer | −6,500 | $30.00 |
| Jul 31, 2026 | Guy Avidan | officer: Chief Financial Officer | +2,000 | $25.21 |
| Jul 9, 2026 | Rivkah Goldriech | officer: Chief People Officer | −750 | $32.00 |
| May 29, 2026 | Gabriel Malka | officer: Chief Operating Officer | −7,000 | $30.00 |
- Cloudflare
Broad overlap in DDoS, WAF, bot management, and API security
- Akamai Technologies
Overlap in DDoS, WAF, bot management, and API security
- F5
Overlap in application delivery, WAF, and bot mitigation
- NETSCOUT Systems
Overlap in Arbor-based DDoS defense
- A10 Networks
Direct overlap in application delivery
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Radware | $29.33 | −0.59% | $1.27B | 77.7 | 23.2 | 4.0 | +10.9% |
| Cloudflare | $354.95 | +0.93% | $124.85B | — | 239.2 | 49.7 | +35.9% |
| Akamai Technologies | $118.22 | +0.69% | $17.07B | 42.2 | 17.2 | 3.9 | +5.4% |
| F5 | $451.04 | +0.21% | $25.39B | 35.9 | 26.0 | 7.7 | +10.9% |
| NETSCOUT Systems | $38.88 | −0.17% | $2.83B | 23.6 | 14.3 | 3.2 | +12.7% |
| A10 Networks | $26.77 | −0.65% | $1.94B | 44.9 | 24.6 | 6.3 | +15.5% |
| Median | 39.0 | 24.6 | 6.3 | +12.7% |