Radware partners with EPIC Cloud to enhance cloud security offerings

MAHWAH, N.J. - Radware (NASDAQ:RDWR), a provider of application security solutions with a market capitalization of $1.05 billion and impressive gross margins of 80.72%, announced Wednesday a managed security service provider agreement with Taiwan’s EPIC Cloud Company. Under the partnership, EPIC Cloud will incorporate Radware’s AI-powered Cloud Application Protection Services into its managed services portfolio. InvestingPro data shows the company maintains a strong financial position, with more cash than debt on its balance sheet.

EPIC Cloud, which specializes in enterprise applications and cloud hosting, sought to strengthen security for its cloud-based platform. The company will now offer Radware’s web application firewall, bot detection, API protection, client-side protection, and application-layer DDoS protection through a single platform. With revenue growth of 11.51% over the last twelve months, Radware continues to expand its market presence. For deeper insights into Radware’s growth potential and 12 additional exclusive tips, check out the comprehensive analysis available on InvestingPro.

"Our focus is on helping our customers drive digital innovation in the cloud while keeping their applications available and protecting their data," said Jay Jiang, product manager from EPIC Cloud.

Missy Huang, Radware’s country manager in Taiwan, stated that the MSSP model helps partners meet customer expectations for advanced cyber defense technologies without infrastructure investments.

Radware maintains a cloud security service center in Taipei as part of its global network of over 50 centers, supporting a mitigation capacity of up to 15Tbps. This network aims to improve application response times for regional traffic and reduce mitigation response times against various cyber attacks.

The announcement comes as organizations face increasing cybersecurity challenges amid expanding threat surfaces and resource constraints. According to the press release, Radware has been recognized by several industry analysts for its security solutions, including Forrester, Gartner, and others.

Radware trades on the NASDAQ under the ticker RDWR. According to InvestingPro’s Fair Value analysis, the stock appears slightly overvalued at its current trading price of $24.73. Investors can access the detailed Pro Research Report, available for Radware and 1,400+ other US stocks, for comprehensive valuation insights and expert analysis.

In other recent news, Radware has reported strong earnings that exceeded both Barclays’ expectations and consensus estimates for revenue and earnings per share. Following this performance, Barclays has raised its price target for Radware to $35 from $30, maintaining an Overweight rating. Additionally, Radware has expanded its cloud security offerings by signing managed security service provider agreements with four U.S.-based companies: Epcom World Industries, GLESEC, North Atlantic Networks, and Tech Pro. These agreements will enable the firms to incorporate Radware’s Cloud Application Protection Services into their managed services portfolios, with North Atlantic Networks also offering Radware’s Cloud DDoS Protection Services. Furthermore, Radware has strengthened its relationship with Latvian technology company Tet by signing a managed security service provider agreement to add AI-powered Cloud Application Protection Services to Tet’s managed services portfolio. This partnership aims to enhance Tet’s security offerings amid a rise in web DDoS attacks. These developments mark significant progress in Radware’s efforts to expand its cybersecurity footprint.

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