RDWR
TechnologyRadware Ltd. · Software - Infrastructure · $1B
What is Radware Ltd.?
Radware Ltd. is a Tel Aviv-based cybersecurity and application delivery company serving enterprises and cloud providers worldwide. Founded in 1999, it helps organizations protect and optimize their applications across cloud, physical, and software-defined data centers.
Radware generates revenue by selling cybersecurity products and application delivery solutions, along with subscription-based security services. Its offerings protect enterprise networks from DDoS attacks, web application threats, and connectivity vulnerabilities. The company serves customers across cloud environments, traditional data centers, and hybrid infrastructure, monetizing through both hardware appliances and cloud-delivered managed services.
Radware was founded in 1999 and is headquartered in Tel Aviv, Israel.
- DefensePro — real-time network attack mitigation
- AppWall and Kubernetes WAF — web application firewall solutions
- Alteon — application delivery controller and load balancer
- Cloud DDoS Protection Service — managed enterprise-grade DDoS defense
Is RDWR a Good Stock to Buy?
UQS Score rates RDWR as Below Average overall.
The Risk pillar stands out as the clearest positive in Radware's profile, suggesting the company carries a relatively manageable risk profile compared to many small-cap technology peers. Valuation is rated Neutral, meaning the stock is neither clearly cheap nor obviously expensive relative to its fundamentals.
Both the Quality and Moat pillars are rated Weak, indicating limited competitive differentiation and below-average business quality metrics. Growth is rated Neutral, offering little near-term upside catalyst from a fundamental standpoint.
See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does RDWR pay dividends?
No — Radware Ltd. does not currently pay a dividend.
Radware does not currently pay a dividend. For a growth-oriented cybersecurity company, this is typical — available capital tends to be directed toward product development, cloud infrastructure expansion, and competitive positioning rather than shareholder distributions. Income-focused investors should factor this into their assessment.
When does RDWR report earnings?
Radware reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.
Radware's recent results reflect the mixed dynamics visible in its UQS pillar profile — modest growth alongside ongoing pressure on business quality metrics. The cybersecurity market remains competitive, and Radware's cloud transition continues to shape its revenue mix.
For the most recent quarter's results and guidance, visit Radware's official investor relations page.
RDWR Price History
-8.3% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Radware Ltd.?
Based on Radware Ltd.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
RDWR Long-term Outlook
Radware's fundamental outlook is shaped by a Neutral Growth pillar and a Good Risk rating. The company operates in a structurally growing cybersecurity market, but its Weak Moat and Quality scores suggest it faces real headwinds in converting market tailwinds into durable outperformance. The risk profile provides some stability, but meaningful re-rating would likely require improvement in competitive positioning and business quality.
Growth drivers
- Expanding enterprise demand for cloud-based DDoS protection and managed security services
- Ongoing migration of workloads to hybrid and multi-cloud environments driving application delivery needs
- Growth in Kubernetes and CI/CD security as DevOps adoption accelerates
Key risks
- Weak Moat rating signals limited pricing power against larger, better-resourced cybersecurity vendors
- Weak Quality pillar suggests profitability and capital efficiency metrics lag sector peers
- Small-cap status and competitive market dynamics increase vulnerability to customer churn and pricing pressure
RDWR vs Peers
Radware operates in a competitive technology landscape alongside a range of other small-cap and growth-oriented companies.
Five9 focuses on cloud-based contact center software rather than cybersecurity, competing for enterprise technology budgets from a different angle than Radware's network protection focus.
Pagaya operates in AI-driven financial technology, making it a fundamentally different business model from Radware's cybersecurity and application delivery focus.
Oddity Tech is a consumer technology and beauty platform, sharing small-cap status with Radware but operating in an entirely different end market.
Frequently Asked Questions
What does Radware do?
Radware develops and sells cybersecurity and application delivery solutions for enterprises and cloud providers. Its products protect networks from DDoS attacks and web application threats, while also optimizing application performance across cloud, physical, and hybrid data center environments.
Does RDWR pay dividends?
No, Radware does not currently pay a dividend. The company reinvests available capital into product development and its cloud security portfolio rather than returning cash to shareholders through distributions.
When does RDWR report earnings?
Radware reports on a quarterly cadence, as is standard for US-listed companies. For specific dates and the most recent results, check Radware's investor relations page directly.
Is RDWR a good stock to buy?
UQS Score rates RDWR as Below Average, driven by Weak Quality and Moat pillars alongside a Neutral Growth rating. The Good Risk score offers some reassurance, but the overall profile suggests meaningful fundamental challenges. The complete analysis is available to UQS Pro members.
Is RDWR overvalued?
Radware's Valuation pillar is rated Neutral, meaning the stock does not appear obviously overpriced or deeply discounted relative to its fundamentals. Given the Weak Quality and Moat scores, investors should weigh whether current pricing adequately reflects those underlying challenges.
How does RDWR compare to its competitors?
Radware is a small-cap cybersecurity specialist, which distinguishes it from many larger, diversified security vendors. Within the UQS universe, its Below Average overall score reflects weaker quality and moat characteristics relative to higher-rated technology peers. See the full comparison in UQS Pro.
What is RDWR's market cap bracket?
Radware is classified as a small-cap company. This places it in a segment of the market that can offer growth potential but typically carries higher volatility and less institutional coverage than large- or mega-cap peers.
Who founded Radware?
Radware was founded in 1999. For detailed founding history and leadership background, the company's official website and public filings provide comprehensive information.
Is RDWR a long-term quality investment?
As a long-term quality indicator, RDWR's Below Average UQS Score — with Weak Quality and Moat pillars — suggests the company currently lacks the durable competitive advantages typically associated with high-quality long-term holdings. Monitoring improvements in those pillars over time would be key for long-term investors.
What is the main competitive advantage of Radware?
Radware's Moat pillar is rated Weak, indicating limited durable competitive differentiation at this time. The company's specialized focus on real-time DDoS mitigation and application delivery provides some niche positioning, but it faces pressure from larger cybersecurity vendors with broader product portfolios and greater scale.
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Pro Analysis
RDWR — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 21, 2026 | 40.1 | 24.4 | 25.0 | 47.1 | 69.1 | 53.1 | -0.4 |
| May 7, 2026 | 40.5 | 25.3 | 25.0 | 46.9 | 69.5 | 54.5 | -0.1 |
| May 3, 2026 | 40.6 | 25.3 | 25.0 | 46.9 | 69.5 | 54.7 | -0.1 |
| Apr 26, 2026 | 40.7 | 25.3 | 25.0 | 46.9 | 69.5 | 55.2 | 0.0 |
| Apr 19, 2026 | 40.7 | 25.3 | 25.0 | 46.9 | 69.5 | 55.6 | -0.3 |
| Apr 18, 2026 | 41.0 | 25.3 | 25.0 | 46.9 | 69.5 | 57.4 | -2.1 |
| Apr 14, 2026 | 43.1 | 25.3 | 25.0 | 46.9 | 69.5 | 71.7 | -0.2 |
| Apr 12, 2026 | 43.3 | 25.3 | 25.0 | 46.9 | 69.5 | 72.9 | +0.8 |
| Apr 5, 2026 | 42.5 | 25.3 | 25.0 | 46.9 | 69.5 | 67.6 | 0.0 |
| Apr 4, 2026 | 42.5 | 25.3 | 25.0 | 46.9 | 69.5 | 67.7 | -0.1 |
RDWR — Pillar Breakdown
Quality
— 24.3/100 (25%)Radware Ltd. currently shows below-average quality metrics, suggesting challenges with profitability.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 47.1/100 (20%)Radware Ltd. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 69.1/100 (15%)Radware Ltd. maintains a reasonable risk profile with manageable debt levels.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 52.3/100 (15%)Radware Ltd. has a mixed valuation — some metrics suggest fair value while others appear stretched.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 25/100 (25%)Radware Ltd. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for RDWR.
Score Composition
Financial Data
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How is the RDWR UQS Score Calculated?
The UQS (Unified Quality Score) for Radware Ltd. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Radware Ltd.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Radware Ltd. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.