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Verdict
Quantitative factor alignment verified for current market regime.
Quant Score
Rank
#1044
Positioning
Market Dominance
Services
Business Services
$939M
Roy Zisapel
Radware Ltd. develops, manufactures, and markets cyber security and application delivery solutions for applications in cloud, physical, and software defined data centers worldwide. The company offers DefensePro, a real-time network attack mitigation device; AppWall, a Web application firewall; and DefenseFlow, a cyber-command and control application. It also provides Alteon, an application delivery controller/load balancer for web, cloud, and mobile based applications.
Headcount
1.1K
HQ Base
Pending Verification
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X-AXIS: EV/EBITDA (LOWER = CHEAPER) | Y-AXIS: ROE (HIGHER = ELITE) | RED CIRCLE = RDWR ANALYSIS TARGET
| Stock | Rating | Score▼ | Quality | Value | Momentum | P/E | EV/EBITDA | ROE | ROA | Gross Mgn | Op Mgn | Net Mgn | Rev Growth | Div Yield | D/E | Mkt Cap | AUDIT |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
$YALA Yalla Group Ltd | 75 | 89 | 99 | 80 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$GRVY GRAVITY Co., Ltd. | 75 | 82 | 96 | 71 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$ISSC INNOVATIVE SOLUTIONS & SUPPORT INC | 73 | 81 | 88 | 94 | 25.0x | 14.1x | 17.1% | 10.3% | 35.5% | 14.6% | 10.1% | 105.2% | 0.0% | 41.0x | $244M | VS | |
$AER AerCap Holdings N.V. | 72 | 60 | 87 | 84 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$HCSG HEALTHCARE SERVICES GROUP INC | 72 | 74 | 88 | 88 | 7.1x | 6.1x | 28.9% | 20.8% | 20.8% | 9.9% | 9.3% | 8.5% | 0.0% | 1.0x | $1.2B | VS | |
$LQDT LIQUIDITY SERVICES INC | 72 | 90 | 88 | 68 | 24.9x | 14.3x | 14.1% | 8.3% | 45.7% | 8.5% | 6.2% | 28.1% | 0.0% | 0.0x | $736M | VS | |
$TRTNpA Triton International Ltd | 71 | 70 | 89 | 70 | - | 1.7x | 0.0% | - | 97.4% | 58.0% | 37.4% | - | 8.8% | 264.0x | $2.5B | VS | |
$EDU New Oriental Education & Technology Group Inc. | 71 | 83 | 52 | 77 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$NTES NetEase, Inc. | 71 | 88 | 93 | 68 | - | - | - | - | - | - | - | - | - | - | $0 | VS | |
$UTI UNIVERSAL TECHNICAL INSTITUTE INC | 70 | 86 | 86 | 72 | 43.2x | 16.0x | 15.3% | 5.8% | 100.0% | 6.9% | 5.2% | 15.1% | 0.0% | 24.0x | $1.8B | VS | |
$RDWR RADWARE LTD | 57 | 62 | 61 | 70 | 161.1x | 9.9x | 7.6% | 3.9% | 80.6% | -1.4% | 2.2% | 5.2% | 0.0% | 0.0x | $939M | ||
| SECTOR BENCH | - | - | - | - | - | 23.7x | 11.7x | 5.7% | 2.4% | 64.6% | 4.5% | 2.8% | 8.6% | 0.0% | 0.3x | - | REF |
RADWARE LTD (RDWR) receives a "Hold" rating with a composite score of 56.9/100. It ranks #1044 out of 7,333 stocks in our coverage universe and carries a 3-star rating. Ratings are driven by a 6-factor quantitative model measuring quality, value, momentum, investment, stability, and short interest.
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Outperforming peers — winners tend to keep winning over 3-12 months
Trading at a discount to fundamentals — favorable entry valuation
High profitability & efficiency — strong quality floor supports entry
Low volatility — smoother ride and historically better risk-adjusted returns
Moderate investment profile
Mid-range overall rating
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Relative valuation derived from Services sector benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Re-calculated daily.
Projection based on user-defined inputs. Re-calculated daily against current market data.
Reverse DCF Framework — Mauboussin Methodology
Institutional-grade Reverse DCF analysis. This model identifies the growth hurdles embedded in current market prices. When implied growth is significantly lower than historical or projected rates, a margin of safety may exist. Re-audited daily.
No analyst ratings for RDWR.
View All Ratings| Factor | Global | Sector | Tilt |
|---|---|---|---|
| PROFITABILITY | 62 | 77 | -15DRAG |
| MOMENTUM | 70 | 79 | -9DRAG |
| VALUATION | 61 | 69 | -8DRAG |
| INVESTMENT | 39 | 67 | -28DRAG |
| STABILITY | 81 | 89 | -8DRAG |
| SHORT INT | 28 | 14 | +14ALPHA |
Global = full universe. Sector = relative to industry peers. Positive tilt indicates idiosyncratic strength.
ROE proxy 7.6% (sector 5.7%)
GM 81% vs sector 65%, OM -1% vs sector 5%
Capital turnover N/A, R&D intensity 27.2%
Rev growth 5%, 9yr history
Interest coverage N/A, Net debt/EBITDA -4.1x
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation and elite competitive moats.
Profit generated per dollar of shareholder equity
Efficiency of asset utilization
Pricing power and cost efficiency
Core business profitability
Bottom-line profitability
The Quality factor evaluates the persistence and magnitude of realized cash flows. Companies with scores >70 exhibit superior pricing power and structural financial resilience through diverse economic regimes.
Our uncertainty rating tracks the predictability of future cash flows and potential for permanent capital loss. Moderate visibility with standard industry cyclicality.
We rate RADWARE LTD (RDWR) as a Hold with a composite score of 56.9/100 at a current price of $22.31. The stock presents a mixed quantitative picture — neither compelling enough to warrant new accumulation nor weak enough to justify selling.
RADWARE LTD holds a top-quartile position (#0 of 50) within the Services sector, based on our composite quantitative scoring across quality, value, momentum, and stability factors. The composite score of 56.9/100 places it at rank #1044 in our full universe.
The near-term outlook is constructive, with revenue growing at 5% and momentum in the 70th percentile confirming positive market sentiment. The combination of strong top-line growth and favorable price dynamics suggests the company is executing well on its growth strategy.
Narrow
Low
Standard
Undervalued
Gross margins of 81% signal strong pricing power.
Positive momentum indicates institutional accumulation.
Stable competitive position in a defensive sector.
Elevated P/E ratio of 161.1x leaves little room for execution misses.
Vulnerability to macroeconomic shocks and interest rate volatility.
RADWARE LTD represents a hold based on multi-factor quantitative performance.
Our model assigns RADWARE LTD a Hold rating, with a composite score of 56.9/100 and 3 out of 5 stars. Ranked #1044 of 7,333 stocks, RDWR presents a mixed quantitative picture — neither compelling enough to initiate new positions nor weak enough to warrant selling. Investors already holding may consider maintaining their position while monitoring for changes in the factor profile.
With a quality score of 62/100, RDWR shows adequate but unremarkable business quality. The company reports a return on equity of 7.6% (sector avg: 5.7%), gross margins of 80.6% (sector avg: 64.6%), net margins of 2.2% (sector avg: 2.8%). This suggests the company generates acceptable returns but may lack the competitive positioning or operational efficiency to stand out from peers.
RDWR's value score of 61/100 indicates the stock is fairly valued based on its current fundamentals. Key valuation metrics include a P/E ratio of 161.07x, an EV/EBITDA of 9.89x, a P/B ratio of 3.32x. At this level, neither a clear bargain nor overpriced, the stock's attractiveness depends more on forward growth expectations and qualitative factors.
RADWARE LTD's investment score of 39/100 suggests limited reinvestment activity. Key growth metrics include revenue growth of 5.2% vs. a sector average of 8.6% and a return on assets of 3.9% (sector: 2.4%). While this can be positive for mature, cash-generative businesses returning capital to shareholders, it may also signal a lack of growth opportunities or management conservatism.
RDWR shows strong momentum characteristics with a score of 70/100. The stock has been trending above key moving averages, indicating solid demand from institutional buyers. Revenue growth stands at 5.2% year-over-year, while a beta of 1.02 reflects its sensitivity to broader market moves. This level of momentum typically signals sustained investor confidence and favorable near-term price action.
RDWR shows good financial stability with a score of 81/100. Key stability metrics include a beta of 1.02 and a debt-to-equity ratio of 0.00x (sector avg: 0.3x). This suggests manageable leverage and moderate price volatility, making it appropriate for investors seeking a balance between growth potential and capital preservation.
RADWARE LTD's short interest score of 28/100 reveals significant bearish positioning, suggesting institutional investors are actively betting against the stock. Specific risk factors include small-cap liquidity risk. At $939M (small-cap), RDWR carries meaningful risk and is best suited for investors with high risk tolerance who have thoroughly evaluated the bear thesis.
RADWARE LTD is a small-cap company in the Services sector, ranked #0 of 50 in its sector (100th percentile) and #1044 of 7,333 overall (86th percentile). Key comparisons include ROE of 7.6% exceeding the 5.7% sector median and operating margins of -1.4% below the 4.5% sector average. This top-quartile standing reflects exceptional competitive strength relative to Services peers.
While RDWR currently exhibits a HOLD profile, superior opportunities exist within the SERVICES sector. Our model identifies several "Strong Buy" candidates with higher quality scores and more attractive valuations among direct industry competitors.
View Top Services Alpha →Quant Factor Profile
Key factor gap
Stability (81) vs Short Int. (28) — closing this gap could shift the rating.
EV/EBITDA 16% BELOW SECTOR MEDIAN (FAVORABLE)
ROE 33% ABOVE SECTOR MEDIAN (FAVORABLE)
Gross Margin 25% ABOVE SECTOR MEDIAN (FAVORABLE)
Above 50MA
37.18%
Net New Highs
+51081
Radware (NASDAQ:RDWR) used its Investor Day presentation to outline a growth strategy centered on cloud-delivered application and DDoS security, a push into API security, and new offerings aimed at emerging “agentic AI” risks. Executives emphasized a shift toward recurring revenue, continued investm
Cybersecurity sales veteran who scaled CyberX through Microsoft acquisition, drove growth at ActiveFence, joins Skyhawk to lead global go-to-market strategyTEL AVIV, Israel, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Skyhawk Security, the leader in Purple Team-Powered Cloud Security, today announced the appointment of Jason Schaaf as Chief Revenue Officer. Schaaf will lead Skyhawk’s global go-to-market organization—including sales, marketing, and channel partnerships—to accelerate the company’s next phas
Radware Ltd. (NASDAQ:RDWR) announced an expanded partnership with Bell Cyber to deliver AI-driven, cloud-based security services combining web application protection, API security, and bot mitigation. The collaboration aims to address growing cyber threats for Canadian and U.S. organizations. Radware also authorized an $80 million share repurchase program through March 2027. The stock closed 5.80% higher at $27.92, though technical indicators show mixed momentum with bearish MACD pressure despite neutral RSI levels.
Bell Cyber and Radware® (NASDAQ: RDWR) today announced the expansion of their partnership with an enhanced AI-driven, cloud‑delivered security service designed to help organizations defend against increasingly automated and sophisticated cyberattacks.
Radware reported Q3 2024 results with 13% year-over-year revenue growth to $69.5 million, driven by cloud security expansion and DefensePro X adoption. Cloud ARR grew 15% to $71.6 million with record new customer additions. The company achieved $7.2 million in operating income and $0.23 non-GAAP EPS, more than triple the prior year. Management expects Q4 revenue between $71-72 million and plans increased investment in sales, marketing, and R&D to accelerate cloud security growth.