Radware Ltd (NASDAQ: RDWR)

Radware Ltd. provides application security and delivery solutions for multi cloud environments. The company secures the digital experience by offering infrastructure, application and network protection and availability services to enterprises, carriers and cloud service providers globally. Its solutions are organized into two main categories: products, which include cloud based security as a service subscriptions, on premises hardware and software and product expansions, and services, which consist of managed services, professional services, technical support and training and certification.

The company generates revenue from the sale of its products and the delivery of its services. In 2025, product sales accounted for approximately 63% of total revenue while service sales contributed the remaining 37%. Geographically, 41% of revenue came from the Americas, 37% from Europe, the Middle East and Africa and 22% from Asia Pacific. No single customer represented more than 10% of revenue in any year reported.

The company operates through the following segments.

• Radware’s Core Business: This segment provides cloud security as a service offerings such as Cloud DDoS Protection, Cloud Application Protection Services (including WAF, API security and bot management), Cloud Network Analytics, AI SOC Xpert, DNS as a Service and Load Balancer as a Service. It also offers on premises solutions including the DefensePro X attack mitigation device, the Alteon Application Delivery Controller, Kubernetes WAAP and the Cyber Controller platform.

• The Hawks’ Business: This segment consists of the operations of SkyHawk Security and EdgeHawk Security. SkyHawk Security delivers an agentless Cloud native threat detection and response platform that combines Cloud Infrastructure Entitlement Management, Cloud Security Posture Management and an Autonomous Purple Team for AWS, Google Cloud and Azure. EdgeHawk Security provides carrier security solutions by converting routers and network nodes into security platforms. In February 2026 the company decided to sell or cease the operations of SkyHawk Security.

Radware Ltd. maintains a strong competitive position in the cybersecurity and application delivery markets, competing with firms such as Akamai Technologies, Imperva, Netscout Systems, Cloudflare, F5 Networks, A10 Networks and Citrix Systems. The company distinguishes itself through proprietary technologies, automation capabilities, broad attack coverage across multiple threat vectors and consistent recognition as a leader in DDoS mitigation, web application firewall and bot management by industry analysts. Its ongoing investment in research and development yields frequent innovations such as AI driven security tools and cloud native protections that help sustain its market relevance.

The company serves a diversified customer base that includes corporate enterprises such as banks, insurance companies, manufacturers, retailers, media companies, government agencies and utilities, as well as service providers like telecommunication carriers, internet service providers, cloud service providers and application service providers. Sales are conducted primarily through indirect channels involving distributors and resellers worldwide, supplemented by direct sales to selected customers mainly in the United States. No individual customer accounted for more than ten percent of revenue in any reported year.