Radware Ltd.RDWR

Stock Research and Analysis

by Grady Burkett

Radware's RDWR pedestrian growth and inconsistent operating results over the past three years are troubling, especially given the rapid pace at which its market--application switching--has grown. Although the company finally seems to have stabilized Read more

Bulls Say

Radware is a leading provider of high-performance data network traffic- and content-management hardware and software.

We expect the company's next-generation APSolute traffic-management operating system and more clearly defined marketing message to benefit U.S. sales growth.

Radware's Application Switch IV and V hardware platforms set the standard for high-end traffic-management switches with 10-gigabit Ethernet throughput.

Radware has a healthy cash position of nearly $8 per share, which should help support the shares. Read more

Bears Say

Radware operates in a competitive environment against companies such as Cisco, F5, and Nortel, all of which have better economies of scale and established customer bases.

Manufacturers of routers and switches are incorporating many of the functions performed by Radware's appliances into their own products.

The company has lost share in the U.S. market over the past two years, due to poor execution and a convoluted sales message. Radware has recently embarked on a new channel strategy, but it is too early to determine whether a sustainable turnaround has been achieved. Read more

Strategy

Radware has simplified its offerings by incorporating a common operating system and unified management interface across all of its products. The company is also working to increase brand awareness through Read more

Management

Radware was formed in 1996 as a company in the RAD Group, an Israeli technology concern controlled by the Zisapel family. Director Yehuda Zisapel and his son, president and CEO Roy Zisapel, collectively control over 15% of the shares outstanding. While Read more

Profile

Tel Aviv, Israel-based Radware provides hardware and software that help manage growing network traffic, application complexity, and security concerns. Radware's customer Read more

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