Radware chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 6.53
Dividend & YieldN/A$ (N/A)
Beta 0.99
Market capitalization 897.26M
Operating cash flow 51.52M
ESG Scores unknown

Company description

Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; Radware Kubernetes WAF, a Web application firewall solution for CI/CD environments orchestrated by Kubernetes; and DefenseFlow, a cyber-command and control application. It also provides Alteon, an application delivery controller/load balancer for web, cloud, and mobile based applications; and LinkProof NG, a multi-homing and enterprise gateway solution for connectivity of enterprise and cloud-based applications. In addition, the company offers Security Updates Subscription, which provides protection from network elements, hosts and applications against the latest security vulnerabilities and threats; ERT Active Attackers Feed that provides customers with information pertaining to attack sources recently involved in DDoS attacks and web attacks; Alteon Global Elastic License that enables a high level of flexibility for ADC services across datacenters, private and public clouds; APSolute Vision, a network monitoring tool for cyber security and application delivery solutions; and MSSP Portal, a DDoS detection and mitigation service portal. Further, it provides Cloud DDoS Protection Service, which offers a range of enterprise-grade DDoS protection services in the cloud, as well as technical support, professional, managed, and training and certification services to its customers. The company sells its products primarily to independent distributors, including value added resellers, original equipment manufacturers, and system integrators. Radware Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

Sector: Technology - Industry: Software—Infrastructure

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 11.25M 2.5M 14.7M 17.02M
Total Cashflows From Investing Activities -85.5M -50.79M -14.37M 7.85M
Net Borrowings
Total Cash From Financing Activities 16.22M -6.51M -35.48M -41.88M
Change To Operating Activities 5.78M -819k 7.58M 8.45M
Issuance Of Stock 21.8M 18M 11.9M 10.59M
Net Income 11.73M 22.57M 9.64M 7.81M
Change In Cash -20.03M -4.45M 14.02M 37.74M
Effect Of Exchange Rate
Total Cash From Operating Activities 49.25M 52.85M 63.87M 71.77M
Depreciation 9.78M 11.28M 10.56M 10.2M
Change To Account Receivables -1.17M -2.41M 5.76M 3.66M
Other Cashflows From Financing Activities -1.31M -2.05M -2.05M
Change To Netincome 11.51M 15.27M 15.63M 22.28M
Capital Expenditures -8.87M -8.15M -8.67M -5.6M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 57.67M 61.84M 66.84M 74.1M
Income Before Tax 14.8M 25.71M 13.96M 22.63M
Net Income 11.73M 22.57M 9.64M 7.81M
Selling General Administrative 127.53M 128.14M 131.94M 141.73M
Gross Profit 192.73M 206.9M 204.94M 234.05M
Ebit 7.52M 16.92M 6.17M 18.23M
Operating Income 7.52M 16.92M 6.17M 18.23M
Interest Expense
Income Tax Expense 3.06M 3.14M 4.33M 14.82M
Total Revenue 234.4M 252.07M 250.03M 286.5M
Cost Of Revenue 41.67M 45.17M 45.08M 52.45M
Total Other Income ExpenseNet 7.27M 8.79M 7.8M 4.41M
Net Income From Continuing Ops 11.73M 22.57M 9.64M 7.81M
Net Income Applicable To Common Shares 11.73M 22.57M 9.64M 7.81M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 168.76M 199.87M 234.8M 265.38M
Total Stockholder Equity 363.96M 395.33M 388.46M 369.99M
Other Current Liabilities 88.98M 84.64M 97.89M 121.22M
Total Assets 532.72M 595.2M 623.26M 635.37M
Common Stock 693k 710k 721k 730k
Other Current Assets 7.07M 7.47M 6.53M 8.05M
Retained Earnings 101.56M 124.12M 133.76M 141.57M
Treasury Stock -121.83M -144.08M -189.03M -243.48M
Cash 45.2M 40.75M 54.77M 92.51M
Total Current Liabilities 118.03M 125.54M 143.75M 165.89M
Other Stockholder Equity -1.11M 1.15M 1.52M -455k
Property, Plant, and Equipment 23.68M 41.12M 50.8M 45.07M
Total Current Assets 359.04M 221.97M 347.8M 320.71M
Net Tangible Assets 322.32M 339.71M 334.73M 318.12M
Net Receivables 17.17M 22.61M 16.85M 13.19M
Accounts Payable 4.48M 6.32M 3.88M 4.31M


Insider Transactions

Here are the insider transactions of stock shares related to Radware:

Filer Name Transaction Text Ownership Date Filer Relation Shares
NO DATA

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Radware. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Radware

Here is the result of two systematic investment strategies applied to Radware. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Radware

The following chart shows the equity curve of the two systematic investment strategies applied to Radware:

Radware automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 43.79% on the backtest period.

Performance at glance

Performance

43.79 %

Latent gain

985.64 $

Invested capital

2250.76 $

Annualized return

10.58 %
Build your Trading System
Automated Trading using Prorealtime ebook

Momentum strategy results on Radware

This is the result of two momentum investment strategies applied to Radware. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Radware

The following chart shows all the entries opened by the momentum investment system on Radware:

Radware momentum entries
  • The first momentum investment strategy would give 57.12% of return on Radware. That represents 2300.94$ of latent gain with 4028.02$ of employed capital.
  • The second momentum investment strategy would give 48.29% of return on Radware. That represents 1440.31$ of latent gain with 2982.77$ of employed capital.
Performance at glance (1Q Momentum)

Performance

57.12 %

Latent gain

2300.94 $

Invested capital

4028.02 $

Annualized return

19.79 %
Performance at glance (2Q Momentum)

Performance

48.29 %

Latent gain

1440.31 $

Invested capital

2982.77 $

Annualized return

13.19 %

Momentum equity curve on Radware

The following chart shows the equity curve of the two momentum strategies applied to Radware:

Radware momentum equity

Note: the dividends potentially given by Radware are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Radware

The following chart shows the employed capital evolution of the two momentum strategies on Radware since the beginning:

Radware

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Radware

Buy the dip entry openings on Radware

Radware

The performance achieved by the robo-advisor on Radware is 42.34%. That represents 748.75$ of latent gain with 1768.45$ of employed capital. The following chart shows Radware stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Radware, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

42.34 %

Latent gain

748.75 $

Invested capital

1768.45 $

Annualized return

19.79 %

Equity curve of the strategy applied to Radware

The following chart shows the result of the investment strategy applied to Radware:

Radware

Note: the dividends potentially given by Radware are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Radware

The following chart shows the employed capital evolution since the beginning of the investment strategy on Radware:

Radware

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Radware

In this section, I will compare the three previous investment strategies applied to Radware.

Equity curve comparison on Radware

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Radware investment strategy comparison

Employed capital comparison on Radware

Radware investment comparison

Performance comparison on Radware

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 43.79% 985.64$ 2250.76$ 10.58%
Momentum 1 quarter 57.12% 2300.94$ 4028.02$ 14.65%
Momentum 2 quarters 48.29% 1440.31$ 2982.77$ 13.19%
Non-directional 42.34% 748.75$ 1768.45$ 19.79%
Annualized return comparison

Automatic investment

10.58 %

Momentum 1Q

13.19 %

Momentum 2Q

13.19 %

Non-directional

19.79 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Radware:

Positive correlations

Most correlated stocks this year

  • Radware

  • Most correlated stocks last 3 months

  • Stanley Black & Decker Inc - Unit
  • Forrester Research Inc
  • First Bancorp Inc (ME)
  • WYNNSTAY GROUP PLC ORD 25P
  • L.B. Foster Co. - Class A
  • Diamond Hill Investment Group Inc - Class A
  • Resolute Forest Products Inc
  • Universal Insurance Holdings Inc
  • Tupperware Brands Corporation
  • WestRock Company
  • Standard Motor Products Inc
  • Arrow Financial Corp
  • Luther Burbank Corp
  • Insteel Industries Inc
  • Matthews International Corp - Class A
  • Stanley Black & Decker Inc
  • First Foundation Inc
  • Verizon Communications Inc
  • Freeport-McMoRan Inc
  • Crocs Inc
  • Oppenheimer Holdings Inc - Class A
  • Topgolf Callaway Brands Corp
  • Core Laboratories N.V.
  • Global X SuperDividend ETF
  • Universal Stainless & Alloy Products Inc
  • Snap-on Inc
  • INVESCO INTERNATIONAL BUYBACK ACHIEVERS ETF
  • UMH Properties Inc
  • IShares MSCI Emerging Markets ex China ETF
  • Capri Holdings Ltd
  • Hasbro Inc
  • iShares MSCI Ireland ETF
  • Franklin Electric Co. Inc
  • Universal Corp
  • Curtiss-Wright Corp
  • WEIR GROUP PLC ORD 12.5P
  • Lincoln Electric Holdings Inc
  • Autoliv Inc
  • LyondellBasell Industries NV - Class A
  • Emerson Electric Company
  • JELD-WEN Holding Inc
  • Encore Wire Corp
  • DXP Enterprises Inc
  • First Bancorp PR
  • Forward Air Corp
  • Mosaic Company
  • Mueller Industries Inc
  • Invesco S&P SmallCap Materials ETF
  • Invesco S&P 500 Equal Weight Materials ETF
  • Invesco S&P SmallCap 600 Pure Value ETF
  • Scansource Inc
  • ITT Inc
  • Robert Half International Inc
  • Avient Corp
  • Whirlpool Corp
  • J.B. Hunt Transport Services Inc
  • MACOM Technology Solutions Holdings Inc
  • Paccar Inc
  • TE Connectivity Ltd
  • Donaldson Co. Inc
  • Oxford Industries Inc
  • Sensient Technologies Corp
  • Sierra Bancorp
  • Trico Bancshares
  • O-I Glass Inc
  • Ingevity Corp
  • Invesco S&P SmallCap Information Technology ETF
  • Kaman Corp
  • PPG Industries Inc
  • Flowserve Corp
  • VICTORYSHARES INTERNATIONAL HIGH DIV VOLATILITY WT
  • First Trust RiverFront Dynamic Developed Internati
  • Vanguard International High Dividend Yield ETF
  • VICTORYSHARES INTERNATIONAL VOLATILITY WTD ETF
  • Schwab International Equity ETF
  • SPDR Portfolio Developed World ex-US ETF
  • Crane Holdings Company
  • AGCO Corp
  • Marriott International Inc - Class A
  • Sonoco Products Company
  • iShares Trust iShares ESG Aware MSCI EAFE ETF
  • Vishay Precision Group Inc
  • Barrett Business Services Inc
  • Summit Materials Inc - Class A
  • Clearfield Inc
  • Minerals Technologies Inc
  • American Vanguard Corp
  • Trimas Corporation
  • Innospec Inc
  • Myers Industries Inc
  • Acuity Brands Inc
  • Miller Industries Inc
  • Canadian National Railway Company
  • Hibbett Inc
  • Fortive Corp
  • Genpact Ltd
  • Arlo Technologies Inc
  • ISHARES INDIA 50 ETF
  • Woori Financial Group Inc
  • Shinhan Financial Group Co. Ltd
  • DZS Inc
  • iMedia Brands Inc - Class A
  • Rush Enterprises Inc - Class A
  • Rush Enterprises Inc - Class B
  • JAGUAR MINING INC
  • H.B. Fuller Company
  • CRH Plc
  • H&E Equipment Services Inc
  • Fabrinet
  • Gap Inc
  • Invesco RAFI Strategic Developed ex-US ETF
  • Rigel Pharmaceuticals
  • Pediatrix Medical Group Inc
  • Liberty TripAdvisor Holdings Inc - Series A
  • Almaden Minerals Ltd
  • Equitrans Midstream Corporation
  • Graham Holdings Co. - Class B
  • POSCO Holdings Inc
  • Valvoline Inc
  • Deere & Company
  • Radware
  • CGI Inc - Class A
  • Titan Machinery Inc
  • Maximus Inc
  • 3M Company
  • Leggett & Platt Inc
  • Union Pacific Corp
  • Armada Hoffler Properties Inc
  • Cactus Inc - Class A
  • Hudbay Minerals Inc
  • Mettler-Toledo International Inc

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Radware and the other stocks. There may be false positives or some missing correlated stocks. If the price of Radware does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Radware
    Country Israel
    City Tel Aviv
    Address 22 Raoul Wallenberg Street
    Phone 972 3 766 8666
    Website www.radware.com
    FullTime employees 1075
    Industry Software—Infrastructure
    Sector Technology
    Exchange XNAS
    Ticker RDWR
    Market www.nasdaq.com

    Radware ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown