RADWARE LTD
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Morgan Stanley entities have filed a Schedule 13G/A amendment, disclosing their beneficial ownership in RADWARE LTD (RDWR). The filing indicates that Morgan Stanley reporting units hold 7.2% of the class, equivalent to 3,052,188 shares, with shared voting and dispositive power. Separately, Morgan Stanley Capital Services LLC reports owning 7.1%, or 2,995,269 shares.
Radware (NASDAQ:RDWR) reported strong Q1 results, beating analyst expectations with an adjusted EPS of $0.30 and revenue of $79.8 million, an 11% increase year over year. This growth was largely driven by its cloud and security offerings, particularly Cloud ARR which rose 23%. The company also provided optimistic Q2 guidance, projecting revenue between $81 million and $82 million, and non-GAAP EPS of $0.28 to $0.29.
Radware has acquired API security testing specialist Pynt to enhance its API security product line with pre-production testing capabilities. This acquisition aims to close the gap between shift-left and shift-right strategies, offering a unified platform for API discovery, posture management, business logic protection, runtime defense, and testing. Pynt's technology will continue to be available as a standalone offering while also being integrated into Radware's broader security portfolio.
