radware ltd (RDWR:NASDAQ GS)
radware ltd (RDWR) Key Developments
Radware Ltd. announces unaudited consolidated earnings results for the first quarter ended March 31, 2013. The company reported quarterly revenues of $45.1 million for the first quarter of 2013 compared to $45.0 million reported in the same period last year. Net income on a GAAP basis for the first quarter of 2013 was $4.5 million or $0.10 per diluted share, compared with net income of $6.9 million or $0.15 per diluted share for the first quarter of 2012. Net income on a Non-GAAP basis for the first quarter of 2013 was $7.0 million or $0.15 per diluted share, compared with net income of $9.0 million or $0.19 per diluted share for the first quarter of 2012. Operating income was $4.1 million against $6.2 million and income before taxes on income was $5.2 million against $7.7 million reported last year.
Radware Ltd. Presents at Jefferies 2013 Global Technology, Media and Telecom Conference, May-08-2013 11:30 AM. Venue: The Westin New York, Times Square Hotel, New York, New York, United States. Speakers: Meir Moshe, Chief Financial Officer.
Radware Ltd. provided earnings outlook for second quarter of 2013. For the period, the company expects revenues to range between $46.5 million to $47.5 million, 82% gross margin and non-GAAP EPS to range of $0.15 to $0.16.
Radware Ltd. announced the introduction of DefenseFlow, the first in the company's suite of Software Defined Networking (SDN) applications providing organizations with superior network wide attack mitigation service. Radware SDN strategy unveiled provides a comprehensive SDN framework, outlining support for three key dimensions: SDN applications - building SDN applications that optimize ADC and security services by programming the network; SDN eco-system - compatibility with the SDN vendors; related SDN technology support - extending application programming interfaces (APIs) and supporting network protocols such as VX-LAN. Radware's strategy emphasizes SDN as an enabling architecture to revolutionize the way application delivery and security services are implemented and managed. Using Radware's SDN applications, application delivery and security move from a point devices based deployment to comprehensive network-wide services. Radware's SDN applications use the programmability nature of software defined networks to become part of the service rather than just hosting it. The overall solution provides customers with simpler implementations of the ADC and security services that become highly scalable and easier to operate. The SDN eco-system is a critical focus as it will enable Radware's security and application delivery solutions to integrate into the environments of the SDN vendors through extensive joint design, development and certification. DefenseFlow, Radware's first commercial SDN application, enables network operators to program the network and provide automated DoS & DDoS detection and protection as a native network service. DefenseFlow transitions in path device-based security solutions into a network-wide service by utilizing the SDN control plane to collect traffic information for attack detection and optimally divert the traffic through the most relevant security resources in the network that can mitigate the identified risk only when needed. Additional benefits of Radware's SDN product suite include more intelligent application delivery and security decisions, simpler implementations, lower solution costs, higher scalability, easier operation. Radware SDN based solutions can also be valuable to customers throughout the SDN adoption curve. Solutions are applicable to legacy networks with SDN elements/islands and to full SDN.
Radware Ltd., Q1 2013 Guidance/Update Call, Apr 05, 2013
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