Touchstone
Last syncNov 1, 2026, 6:55 PM ET

RDWR

Radware Ltd Industrials Services-Business Services, NEC Russell 3000
$34.58Close $1.5BMarket cap $21.74 – $37.1652-week range

Highlights

Strengths

  • In a stage-2 uptrend all 8 trend conditions pass
  • Leading the market RS 87 · stronger than 87% of stocks over 12 months

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Mar 31, 2026
Off 12-month high 7%
1wk up 11.3% price change
1mo up 16.0% price change
12-month return up 36% market up 11% · its own up 22%
F-score 7 / 9 Strong
Altman Z″ 3.16 Low risk
P/E 73.7× price / earnings
PEG 0.33 P/E / EPS growth
P/B 4.3× price / book
Earnings yield up 0.8% EBIT / enterprise value
Cheaper than 38% of the market · expensive
Revenue growth up 10% year on year
EPS growth — latest quarter
Sales growth — latest quarter
ROE up 6% return on equity
Free cash margin up 14% $41.6M FCF
D/E — long-term debt / equity
Net debt / EBITDA -4.6× net cash
Interest cover —EBIT / interest
Piotroski tests
  • short-term liquidity weakened
  • issued more shares
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • gross margin widened
  • assets working harder

Trade setup

ATR% 5.3% $1.85 a day · 2×ATR $30.89
RS 87 / 99 vs the universe
Trend 8 / 8 trend template
Relative volume 3.3× vs 50-day average
Up/down volume 1.12 50 sessions
Implied move — no scheduled report
Trend template · 8 of 8

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Oct 28, 2026
Last shock Jul 29, 2026-17% in one session2.4× volumeno filing matched+48% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $301.9M +10% on FY2024
$0 $500M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $250.0M FY2021 · $286.5M FY2022 · $293.4M FY2023 · $261.3M FY2024 · $274.9M FY2025 · $301.9M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $20.3M +235% on FY2024
-$25M $0 $25M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $9.6M FY2021 · $7.8M FY2022 · -$166,000 FY2023 · -$21.6M FY2024 · $6.0M FY2025 · $20.3M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $41.6M -37% on FY2024
$0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $55.2M FY2021 · $66.2M FY2022 · $23.3M FY2023 · -$8.9M FY2024 · $66.3M FY2025 · $41.6M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 81%
  • Net 7%
  • Free cash 14%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 82% · Net 4% · Free cash 22% FY2021 · Gross 82% · Net 3% · Free cash 23% FY2022 · Gross 82% · Net -0% · Free cash 8% FY2023 · Gross 80% · Net -8% · Free cash -3% FY2024 · Gross 81% · Net 2% · Free cash 24% FY2025 · Gross 81% · Net 7% · Free cash 14%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology
  • Cash
  • Long-term debt
$0 $200M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $54.8M FY2021 · Cash $92.5M FY2022 · Cash $46.2M FY2023 · Cash $70.5M FY2024 · Cash $98.7M FY2025 · Cash $105.1M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 43.15m -7.0% since FY2020
46.39m 41.70m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 46.39m FY2021 · 45.87m FY2022 · 44.31m FY2023 · 41.70m FY2024 · 42.55m FY2025 · 43.15m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $250.0M $286.5M $293.4M $261.3M $274.9M $301.9M
Gross margin 82% 82% 82% 80% 81% 81%
Operating income $6.2M $18.2M -$3.3M -$31.7M -$3.9M $11.4M
Net income $9.6M $7.8M -$166,000 -$21.6M $6.0M $20.3M
Net margin 4% 3% -0% -8% 2% 7%
Earnings per share $0.20 $0.16 -$0.00 -$0.50 $0.14 $0.45
Free cash flow $55.2M $66.2M $23.3M -$8.9M $66.3M $41.6M
Free cash margin 22% 23% 8% -3% 24% 14%
Cash $54.8M $92.5M $46.2M $70.5M $98.7M $105.1M
Shareholders' equity $388.5M $370.0M $332.2M $284.1M $316.3M $349.4M
Shares outstanding 46.39m 45.87m 44.31m 41.70m 42.55m 43.15m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Mar 31, 2026 Annual ↗ Dec 31, 2025 90d
Mar 28, 2025 Annual ↗ Dec 31, 2024 87d
Mar 25, 2024 Annual ↗ Dec 31, 2023 85d
Mar 30, 2023 Annual ↗ Dec 31, 2022 89d
Apr 11, 2022 Annual ↗ Dec 31, 2021 101d
Apr 20, 2021 Annual ↗ Dec 31, 2020 110d
Apr 2, 2020 Annual ↗ Dec 31, 2019 93d
Apr 15, 2019 Annual ↗ Dec 31, 2018 105d
Mar 28, 2018 Annual ↗ Dec 31, 2017 87d
Apr 27, 2017 Annual ↗ Dec 31, 2016 117d
Apr 21, 2016 Annual ↗ Dec 31, 2015 112d
Apr 27, 2015 Annual ↗ Dec 31, 2014 117d

Current reports

FiledDisclosed
Oct 28, 2026 Foreign issuer report ↗
Oct 7, 2026 Foreign issuer report ↗
Jul 29, 2026 Foreign issuer report ↗
Jul 6, 2026 Foreign issuer report ↗
May 27, 2026 Foreign issuer report ↗
May 7, 2026 Foreign issuer report ↗
Apr 20, 2026 Foreign issuer report ↗
Apr 6, 2026 Foreign issuer report ↗
Feb 11, 2026 Foreign issuer report ↗
Jan 7, 2026 Foreign issuer report ↗
Dec 23, 2025 Foreign issuer report ↗
Nov 17, 2025 Foreign issuer report ↗