Radware (RDWR) has released an update.
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Radware, a global leader in cyber security and application delivery, reported a mixed first quarter in 2024 with a 6% year-over-year decrease in revenue to $65.1 million, despite a robust 22% increase in its Cloud Annual Recurring Revenue (ARR). The company experienced a GAAP net loss of $0.03 per share, but a non-GAAP EPS gain of $0.16 per share. They remain optimistic about returning to revenue growth and improved profitability due to strong growth in cloud security and market demand for critical security solutions.
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