Radware ( (RDWR) ) has released its Q4 earnings. Here is a breakdown of the information Radware presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Radware, a leader in application security and delivery solutions for multi-cloud environments, specializes in AI-driven cyber protection against sophisticated threats. In its latest earnings report, Radware showcased a robust financial performance for the fourth quarter and full year 2024, with significant revenue and earnings growth. Radware reported a 12% year-over-year increase in revenue for the fourth quarter, reaching $73 million, and a non-GAAP diluted EPS of $0.27, more than doubling from the previous year. For the full year, revenue increased by 5% to $275 million, with a notable 19% rise in cloud annual recurring revenue (ARR) to $77.3 million. Non-GAAP diluted EPS for the year was $0.87, nearly double from 2023. The company’s cash flow from operations reached $71.6 million, a significant turnaround from the negative cash flow last year. Regionally, Radware saw strong growth in the Americas, with a 33% revenue increase in Q4, though the EMEA region experienced a slight decline. Overall, Radware’s financial results reflect the success of their strategic initiatives, including the expansion of their cloud security offerings. Looking ahead, Radware remains optimistic, with plans to further invest in cloud security growth and enhance their AI-enabled security capabilities to drive long-term success.
