Radware Ltd. (RDWR) AI Stock Analysis

Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions designed for cloud, physical, and software-defined data centers. Its product suite features DefensePro for mitigating network attacks, AppWall web application firewall, and Radware Kubernetes WAF for containerized CI/CD environments. The company also provides DefenseFlow for cyber command and control, alongside Alteon, an application delivery controller and load balancer. Additional offerings include LinkProof NG for enterprise connectivity, Security Updates Subscription, ERT Active Attackers Feed, Alteon Global Elastic License, APSolute Vision network monitoring, and the MSSP Portal for DDoS detection and mitigation.

Radware generated $301.9M in revenue in FY2025, representing 9.8% growth over FY2024 revenue of $274.9M. Gross margin has remained steady, printing at 81.7% in FY2021, 81.6% in FY2022, 80.2% in FY2023, 80.6% in FY2024, and 80.7% in FY2025. After recording a net loss of $21.6M and an operating margin of -12.1% in FY2023, profitability improved to a net income of $6.0M in FY2024 and $20.3M in FY2025, with operating margin rising to 3.8%. Over the 5-year period from FY2020 to FY2025, revenue grew at a CAGR of 3.8%. For the latest quarter ended June 30, 2026, revenue increased 10.9% year-over-year, while quarterly earnings declined 55.1%.

As of June 30, 2026, Radware held $248.4M in cash and short-term investments against total debt of $16.1M, yielding net cash of $232.4M. Shareholders' equity stood at $317.7M, and the debt-to-equity ratio was 0.05 with a current ratio of 1.63. For FY2025, the company generated $50.1M in operating cash flow and $41.6M in free cash flow. Capital expenditures were $8.5M, while $10.5M was deployed toward share buybacks, helping drive a 5.0% reduction in share count over 5 years.

At a share price of $27.16, Radware trades at a trailing P/E of 55.4x and a forward P/E of 26.7x, compared to 28.1x and 18.8x for the median of its US-listed Technology peers. Its EV/EBITDA multiple of 50.0x also exceeds the peer median of 16.6x, while its price-to-sales multiple is 3.6x versus the peer median of 2.8x. Over the past year, Radware returned 7.5%, trailing the S&P 500 (SPY) return of 16.8%. Over a 5-year span, the stock fell 21.6% while the S&P 500 gained 83.0%.

Wall Street coverage consists of 1 Strong Buy and 2 Hold ratings. The mean price target is $30.50, implying an upside of 12.3% from the last close of $27.16. For the fiscal year ending December 31, 2026, analysts estimate revenue of $332.3M and EPS of $1.22, indicating 5.8% EPS growth. Over the last four quarters, Radware exceeded EPS estimates 2 times. The next earnings announcement is scheduled for October 28, 2026.

This page is an AI-written research summary of Radware Ltd. (RDWR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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