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MAHWAH, N.J. - Radware (NASDAQ:RDWR), a cybersecurity company with a market capitalization of $1.19 billion and impressive gross profit margins of over 80%, announced Tuesday it has signed managed security service provider agreements with four U.S.-based companies: Epcom World Industries, GLESEC, North Atlantic Networks, and Tech Pro. According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet, positioning it well for continued expansion.
The agreements will allow these firms to add Radware’s Cloud Application Protection Services to their managed services portfolios. North Atlantic Networks will also offer Radware’s Cloud DDoS Protection Services. This expansion aligns with the company’s growth trajectory, as InvestingPro analysis shows revenue growth of 9.54% over the last twelve months.
"MSSPs are constantly looking for more innovative ways to defend customers as they deal with growing budget constraints, limited in-house security staff, and bigger more complex cyber threats," said John Eisenbarger, vice president of carriers and service providers for Radware.
The company’s AppSec-as-a-Service platform allows MSSPs to deploy security solutions without building backend infrastructure, enabling faster market entry and service expansion. With liquid assets exceeding short-term obligations and a current ratio of 1.85, Radware demonstrates the financial stability needed to support its partners’ growth initiatives. For deeper insights into Radware’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US equities.
Rudy V. Pancaro, CEO of Epcom World Industries, cited Radware’s "comprehensive offering, overall excellent product design, support, and customer first approach" as reasons for the partnership.
Sergio Heker, CEO of GLESEC, noted that the partnership would help deliver "a unified, fully managed solution that reduces exposure, accelerates remediation, and ensures compliance" for clients in healthcare, finance, and government sectors.
Radware’s platform offers rapid market entry without technical buildout requirements, managed services targeting expanding threat areas like bots and APIs, and monetization opportunities for application layer threats.
The company provides cloud network and application security solutions that have been recognized by industry analysts including Aite-Novarica Group, Forrester, Gartner, KuppingerCole, and QKS Group. Three analysts have recently revised their earnings expectations upward for the upcoming period, reflecting growing confidence in Radware’s business model and market position.
Radware’s security solutions use AI-driven algorithms to protect against web application attacks, DDoS attacks, API abuse, and malicious bots, according to the company’s press release statement.
In other recent news, Radware announced its financial results for the first quarter of 2025, as disclosed in a Form 6-K filing with the Securities and Exchange Commission. This filing provides detailed financial outcomes and other relevant data that are crucial for investors and analysts assessing the company’s performance. Jefferies analyst Joseph Gallo raised the stock price target for Radware to $25, up from the previous $24, while maintaining a Hold rating. Gallo noted that Radware’s Annual Recurring Revenue (ARR) for the first quarter was $230 million, which aligns with consensus expectations and represents a 9% year-over-year growth. This growth is attributed to strong new cloud bookings and double-digit growth in total cloud customers. Notably, Radware’s performance has not been significantly impacted by macroeconomic factors or tariffs, according to Gallo. These recent developments highlight Radware’s steady financial trajectory and its resilience in the face of potential headwinds.
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