Radware Secures Multi-Year Deal with Leading Global SaaS Company
Radware announced a significant new multi-year customer win with a leading global SaaS enterprise software company. As part of the agreement, the customer has deployed Radware's DefensePro DDoS mitigation solution to protect its critical applications and infrastructure. Prior to selecting Radware, the company had been experiencing repeated DDoS attacks ranging from approximately 30 Gbps to more than 600 Gbps and required a solution capable of providing consistently fast and reliable mitigation. In addition to addressing immediate threat mitigation needs, the organization sought a more "service provider-class" DDoS solution to overcome the scalability limitations of its previous vendor. Radware's architecture, automation capabilities, and flexible deployment options were key differentiators in the decision.
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- Cloud DDoS Protection Launch: Radware's newly announced Web DDoS Protection service is specifically designed for encrypted traffic, capable of effectively blocking sophisticated layer 7 DDoS attacks without requiring SSL certificate sharing, thus addressing compliance and privacy concerns faced by enterprises during encrypted traffic inspection.
- Automated Mitigation Capabilities: The service employs AI-driven behavioral analysis and machine learning models to detect traffic anomalies in real-time and dynamically generate mitigation rules, ensuring automatic adaptation as traffic patterns evolve, thereby maintaining application availability while minimizing impact on legitimate users.
- Flexible Deployment Options: Customers can choose from multiple deployment methods based on their operational and regulatory requirements, including cloud-based, on-premises, and Kubernetes-native environments, offering a cloud model that does not require SSL certificate sharing, enhancing market competitiveness.
- Response to Market Demand: As encrypted traffic dominates web communications, Radware's innovative solution meets the urgent demand for robust Web DDoS protection among enterprises, which is expected to drive further growth for the company in the cybersecurity sector.
- Surge in DDoS Attacks: Network-layer DDoS attacks increased by 168.2% year-over-year in 2025, with peak attack volumes nearing 30 Tbps, indicating a resurgence of brute-force attacks that resulted in Radware customers experiencing an average of 139 attacks daily, significantly heightening cybersecurity pressures on organizations.
- Web DDoS Activity Rises: Web DDoS attacks climbed 101.4% compared to 2024, with most high-impact attacks lasting less than 60 seconds, rendering traditional manual mitigation increasingly ineffective and exposing businesses to greater application-layer threats.
- Accelerated Application Layer Attacks: Malicious web application and API transactions surged 128% year-over-year, with vulnerability exploitation accounting for 41.8% of observed attacks, indicating a shift towards more sophisticated attack methods that necessitate enhanced defenses from organizations to tackle escalating security challenges.
- Persistent Hacktivism: In 2025, hacktivism remained a primary driver of DDoS activity, with Europe accounting for 48.4% of all claimed attacks, highlighting the profound impact of geopolitical conflicts on cybersecurity, necessitating businesses to bolster monitoring and response strategies against potential threats.
- Leadership Change: Skyhawk Security has appointed Jason Schaaf as Chief Revenue Officer, tasked with leading the global go-to-market strategy, including sales, marketing, and channel partnerships, to accelerate growth, especially following the launch of Agentic AI, enhancing market competitiveness.
- Market Innovation: Schaaf's appointment coincides with Skyhawk's launch of its market-defining Agentic AI capabilities, which enable continuous security control validation across the entire cloud stack, marking a significant advancement in cloud security that necessitates a go-to-market leader capable of rapid scaling.
- Extensive Experience: With over 25 years in technology sales, Schaaf has held CRO roles at multiple high-growth cybersecurity firms, successfully driving CyberX to acquisition by Microsoft and playing a key role in global sales for Azure Defender for IoT, showcasing his deep expertise in security innovation.
- Strategic Priorities: Schaaf emphasizes his immediate focus on building a world-class channel ecosystem, expanding the enterprise pipeline, and ensuring that every customer interaction demonstrates measurable business impact, reflecting his commitment to a customer-first approach in market organization development.
- Partnership Enhancement: Radware's expanded partnership with Bell Cyber aims to improve responses to complex cyber threats by integrating AI-driven application security with managed security operations, enabling earlier detection of anomalous behavior and blocking of malicious traffic.
- Service Simplification: The new offering combines web application protection, API security, and bot mitigation into a single managed service, simplifying security measures for clients while providing bilingual support for Canadian customers and extending reach to U.S. markets, thereby enhancing Radware's competitive position.
- Share Repurchase Program: Radware's board has authorized a share repurchase program of up to $80 million, set to conclude on March 15, 2027, reflecting confidence in the company's stock value despite the current price being 15.2% below its 100-day simple moving average.
- Financial Outlook and Market Performance: Radware is expected to release its financial results on May 6, 2026, with an EPS estimate of 24 cents and revenue of $78.72 million, indicating strong long-term performance with a 17.26% increase in stock price over the past 12 months, despite valuation pressures.
- Buyback Plan Initiated: Radware's board has authorized a new share repurchase plan of up to $80 million, which is expected to enhance investor confidence and improve earnings per share.
- Repurchase Deadline Set: The buyback plan will expire on March 15, 2027, indicating the company's confidence in future stock performance while providing liquidity options for shareholders.
- Positive Market Reaction: Following the announcement, Radware's stock price rose 2.9% in premarket trading to $27.18, reflecting the market's positive response to the company's buyback initiative.
- Cloud Security Capacity Boost: Radware also announced an increase in its cloud security capacity to 30 Tbps to combat DDoS attacks, further solidifying its market position in the cybersecurity sector.
- Buyback Initiative Launched: Radware's board has approved a stock buyback plan of up to $80 million, signaling the company's financial confidence amid the competitive cybersecurity and cloud infrastructure markets.
- Diverse Repurchase Methods: The plan allows for share repurchases through various methods, including open-market purchases and privately negotiated transactions, enabling the company to adapt flexibly to market conditions and optimize its capital structure.
- Positive Market Reaction: Following the announcement, Radware's stock traded over 2% higher in Friday's premarket, reflecting investor optimism regarding the company's future prospects.
- Strategic Implications: This buyback plan not only boosts investor confidence but may also enhance earnings per share by reducing the number of shares outstanding, thereby laying a foundation for the company's long-term growth.









