Radware (NASDAQ:RDWR) Announces Earnings Results, Beats Expectations By $0.02 EPS

Radware (NASDAQ:RDWR) released its quarterly earnings data on Wednesday, February 11th. The information technology services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.02, FiscalAI reports. Radware had a return on equity of 7.21% and a net margin of 6.71%.The firm had revenue of $80.25 million during the quarter, compared to analysts’ expectations of $78.64 million. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis.

Here are the key takeaways from Radware’s conference call:

• Radware reported record financials — Q4 revenue rose 10% y/y to $80M and non-GAAP EPS increased 19% to $0.32, with full-year revenue of $302M and EPS of $1.15.
• Cloud momentum is a key growth driver as cloud ARR accelerated to $95M (+23% y/y, +7% sequentially), helping subscription revenue grow 21% y/y.
• Product and portfolio expansion — launched Radware API Security Service, acquired Pynt to add API testing/full lifecycle coverage, and introduced Agentic AI Protection, positioning the company to capture new TAMs around API and AI security.
• Strong bookings and balance-sheet flexibility — RPO hit a record $400M, adjusted EBITDA increased materially for the year, cash and equivalents were ~$461M, and the company executed share repurchases.
• Near-term headwinds and regional softness — Americas revenue declined 4% in Q4 (despite strong bookings), APAC was down 3%, and management plans higher 2026 investments (Q1 OPEX guidance up, including ~$1.5M FX impact) that may pressure near-term margins.

Radware Price Performance

Shares of NASDAQ:RDWR opened at $25.54 on Tuesday. The stock has a market capitalization of $1.09 billion, a P/E ratio of 56.76 and a beta of 0.97. The business has a 50-day moving average of $25.05 and a two-hundred day moving average of $24.81. Radware has a fifty-two week low of $18.46 and a fifty-two week high of $31.57.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in Radware by 28.9% in the 4th quarter. Morgan Stanley now owns 2,619,687 shares of the information technology services provider’s stock worth $63,108,000 after purchasing an additional 588,064 shares during the last quarter. First Trust Advisors LP grew its holdings in Radware by 28.7% during the fourth quarter. First Trust Advisors LP now owns 1,562,396 shares of the information technology services provider’s stock valued at $37,638,000 after purchasing an additional 348,824 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Radware by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,538,854 shares of the information technology services provider’s stock valued at $40,769,000 after purchasing an additional 24,363 shares during the last quarter. State Street Corp raised its position in shares of Radware by 1.8% in the fourth quarter. State Street Corp now owns 458,941 shares of the information technology services provider’s stock valued at $11,056,000 after purchasing an additional 8,199 shares during the period. Finally, Man Group plc raised its position in shares of Radware by 59.5% in the third quarter. Man Group plc now owns 432,056 shares of the information technology services provider’s stock valued at $11,445,000 after purchasing an additional 161,159 shares during the period. 73.12% of the stock is owned by institutional investors.

Radware declared that its board has authorized a stock buyback plan on Friday, February 13th that authorizes the company to buyback $80.00 million in outstanding shares. This buyback authorization authorizes the information technology services provider to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Radware in a research note on Friday. Wall Street Zen cut Radware from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Jefferies Financial Group set a $25.00 price objective on Radware in a report on Tuesday, December 16th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.00.

Radware Company Profile

Radware Ltd. provides cybersecurity and application delivery solutions designed to ensure the availability, performance and security of mission?critical applications. Its product portfolio includes on?premises and cloud?based offerings such as Alteon application delivery controllers, DefensePro network behavior analysis for DDoS mitigation and AppWall web application firewall. The company’s platforms use real?time behavioral analysis, machine learning and automation to protect against distributed denial?of?service attacks, application layer threats and network intrusions.

Founded in 1997, Radware is co-headquartered in Tel Aviv, Israel, with a principal U.S.