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.
For further insights into RDWR stock, check out TipRanks’ Stock Analysis page.
