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Upturn AI Summary - About
Radware Ltd(RDWR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for RDWR
10/09/2026: RDWR (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Radware is a specialized cybersecurity company focused on protecting enterprise applications and data centers from complex DDoS and web-based threats. The company is known for its strong, debt-free balance sheet and deep technical expertise in network security. Its core investment narrative centers on successfully transitioning from legacy hardware sales to a recurring, high-margin cloud security subscription model. However, investors must weigh this against stiff competition from large-scale cloud providers and the inherent risks of a concentrated R&D base. Radware may best suit investors looking for exposure to specialized security with a solid financial foundation, provided they monitor the company's progress in cloud-native market share expansion.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Radware offers steady growth in the security sector, but lacks the high-growth profile of modern cloud security unicorns. |
| Momentum investor | Weak fit | The stock often exhibits lower volatility and lower relative strength compared to high-growth tech momentum plays. |
| Value investor | Strong fit while signal remains positive | Its strong balance sheet and cash-rich position often make it attractive to value-oriented tech investors. |
| Dividend investor | Weak fit | Radware does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Mixed fit | While the company has a strong cash position, the cyber-security sector itself is inherently subject to technological disruption risk. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | The stock can react sharply to earnings reports and changes in cybersecurity spending trends. |
| Valuation risk | Medium | The company's valuation is sensitive to its ability to maintain its subscription transition growth rate. |
| Competition risk (Cloud & AI) | High | Large cloud infrastructure providers are increasingly embedding native security features, potentially marginalizing specialized vendors. |
| Business quality | Medium | Radware is a stable operator with a loyal enterprise customer base, though it faces innovation pressure. |
| Dividend income | Low / none | The company does not provide income through dividends. |
| Execution risk | Medium | Successfully managing the transition to a recurring revenue model while maintaining margins is critical to long-term performance. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Moderately Choppy
The stock has experienced noticeable price swings while retaining some directional structure.
Analysis of Past Performance
Type Stock | Historic Profit -39.95% | Avg. Invested days 28 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/09/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.24B USD | Price to earnings Ratio 59.98 | 1Y Target Price 30.5 |
Price to earnings Ratio 59.98 | 1Y Target Price 30.5 | ||
Volume (30-day avg) 328.7K shares | Beta 0.86 | 52 Weeks Range 21.68 - 32.79 | Updated Date 10/09/2026 |
52 Weeks Range 21.68 - 32.79 | Updated Date 10/09/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.49 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Product Revenue | Hardware appliances, software licenses, and perpetual security products. | This is the traditional, legacy revenue stream that is gradually being deemphasized. |
| Service & Subscription | Cloud security services, maintenance, support, and subscription-based software. | This is the core area of future growth and recurring revenue that investors monitor closely. |
| Geography | Sales across North America, EMEA, and APAC regions. | Radware is globally diversified but maintains significant R&D concentration in its home market. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE 59.98 | Forward PE 26.74 | Enterprise Value 1.05B | Price to Sales(TTM) 3.89 |
Enterprise Value 1.05B | Price to Sales(TTM) 3.89 | ||
Enterprise Value to Revenue 3.3 | Enterprise Value to EBITDA 50.01 | Shares Outstanding 42.08M | Shares Floating 32.21M |
Shares Outstanding 42.08M | Shares Floating 32.21M | ||
Percent Insiders 14.79 | Percent Institutions 83.87 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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