Top 10 Trending AI News Updates And Analyst Ratings

5. Radware Ltd. (NASDAQ:RDWR)

Number of Hedge Fund Holders: 17

Radware Ltd. (NASDAQ:RDWR) integrates AI into its cybersecurity and application delivery offerings, which clients use to track and mitigate complex cyber threats, including DDoS attacks, malicious bots, and web application vulnerabilities, across cloud, on-premises, and data center environments. The company’s “EPIC-AI” tech incorporates layers of AI capabilities across its product suite to secure applications and optimize overheads.

On February 12th, Radware Ltd. (NASDAQ:RDWR) reported earnings for the fiscal fourth quarter and full year 2024. The company’s revenue for Q4 amounted to $73 million and its full-year revenue was $274.9 million. The company’s GAAP net income was logged at $2.5 million, or $0.06 per share on a diluted basis.

“Our full-year results were driven by accelerated cloud ARR growth of 19%, the success of our DefensePro X DDoS protection refresh, and strong performance from our OEM partnerships,” said CEO Roy Zisapel. “Looking ahead, we plan to increase investment in and accelerate our cloud security growth by further expanding our market-leading AI-enabled security capabilities, opening new cloud security service centers and expanding our cloud channels.”