Radware releases Q4 and full-year 2024 earnings

TEL AVIV, Israel - Radware Ltd. (NASDAQ:RDWR), a global leader in cybersecurity and application delivery solutions with a market capitalization of $975 million, announced its financial results for the fourth quarter and full year ended December 31, 2024, today.

According to InvestingPro data, the company maintains a strong financial position with more cash than debt on its balance sheet.

For the fourth quarter, Radware reported revenues, which reflected a continuous growth trajectory. The company’s earnings per share (EPS) and net income also indicated a positive trend, in line with market expectations.

The company maintains impressive gross profit margins of 80.5%, demonstrating strong operational efficiency. InvestingPro analysis reveals that three analysts have recently revised their earnings expectations upward for the upcoming period, suggesting growing confidence in the company’s prospects.

The full-year results demonstrated a consistent upward momentum, with year-over-year increases in key financial metrics. Radware’s management attributed the robust performance to the sustained demand for cybersecurity solutions amidst an increasingly complex digital threat landscape. The company’s innovation in product offerings and strategic global partnerships were also noted as contributing factors to the year’s success.

Gadi Meroz, Vice President & General Counsel of Radware, stated that the company’s commitment to technological advancement and customer satisfaction remains a top priority. Meroz emphasized the importance of adapting to market changes and investing in research and development to maintain a competitive edge.

In response to the financial report, Radware’s stock showed movements that mirrored investor sentiment regarding the company’s current performance and future outlook. Trading near its 52-week high of $24.76, the stock has delivered a one-year return of 23%. Analyst price targets range from $23 to $30, with InvestingPro offering additional insights through its comprehensive Pro Research Report, available for over 1,400 US stocks.

This financial disclosure, based on a press release statement, provides investors with a comprehensive overview of Radware’s financial health and strategic direction. The company continues to focus on expanding its global footprint and enhancing its product portfolio to meet the evolving needs of its clientele.

In other recent news, Radware Ltd. has scheduled a conference call to discuss its financial results for the fourth quarter and full year of 2024. This announcement illustrates the company’s commitment to regular financial reporting and investor communication. The financial figures, which are expected to be released alongside the call, will offer stakeholders a glimpse into Radware’s earnings and operational progress. It’s anticipated that the call will cover key financial metrics such as revenue and net income, as well as an overview of market performance and future outlook.

The call is part of a standard practice for public companies to report quarterly and annual results, providing a transparent analysis of financial health and business strategy. The exact date, time, and dial-in information for the call will be provided by Radware in due course.

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