RDWR Radware Ltd. - Ordinary Shares
NASDAQ · Technology · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 31, 2026RDWR Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
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| Ex-date | Split | Type |
|---|---|---|
| April 15, 2013 | 2-for-1 | Forward |
About Radware Ltd. - Ordinary Shares Company overview from Wikipedia
Radware Ltd. is an American provider of cybersecurity and application delivery products for physical, cloud and software-defined data centers. Radware's corporate headquarters are located in Mahwah, New Jersey. The company also has offices in Europe, Africa and Asia Pacific regions. The company's global headquarters is in Israel. Radware is a member of the Rad Group of companies and its shares are traded on NASDAQ.
History
Radware co-founder Roy Zisapel has served as president, chief executive officer and Director since the company's inception in April 1997. In 1999, the company had an initial public offering and was listed on the NASDAQ stock exchange. Zisapel holds a 3.4 percent stake in the company. His father, Yehuda Zisapel, is the largest shareholder, with a 15 percent stake.
Acquisitions
In January 2019, Radware expanded its cloud security portfolio with the acquisition of ShieldSquare, a market-leading bot management provider. In January 2017, Radware acquired Seculert, a SaaS cloud-based provider of protection against enterprise network breach and data exfiltration. In February 2013, Radware acquired Strangeloop Networks, a leader in web performance optimization (WPO) services for e-commerce and enterprise applications. In April 2007, Radware acquired Covelight Systems, a provider of web application auditing and monitoring tools. In February 2009, Radware acquired Nortel's application delivery business. In November 2005, Radware acquired V-Secure Technologies, a leading provider of behavioral-based network intrusion prevention products.
Products
Radware's products and services include cloud services (Cloud WAF, Cloud DDoS Protection, Cloud Workload Protection, Cloud Web Acceleration, Cloud Malware Protection, and Bot Manager), application and network security (DefensePro, AppWall, DefenseFlow), application delivery and load balancing (Alteon, AppWall, FastView, AppXML, LinkProof NG), and management and monitoring (Cyber Controller, APSolute Vision, MSSP Portal, Application Performance Monitoring, vDirect).
Sales markets
The company sells its products worldwide through distributors and resellers located in the Americas, Europe, Middle East, Africa and Asia Pacific. Its customers include financial services, insurance, e-Commerce, manufacturing, retail, government, healthcare, education, and transportation services and carriers. Radware's more than 12,500 customers include Switch, Hexatom, QuadraNet, ProtonMail, Convergys, SingleHop, OnlineTech, Limelight Networks, BlackMesh and Brinkster.
Industry recognition
Most recently, Radware was awarded WAF and Anti DDoS Vendor of the Year at Frost & Sullivan's 2018 India ICT Awards, and was positioned as a leader in IDC MarketScape for Global DDoS Prevention. In 2018, Radware received several awards, including WAF Vendor of the Year Award (Frost & Sullivan), Cloud Computing Product of the Year (TMC and Cloud Computing Magazine), and the Fortress Cyber Security Award (Business Intelligence Group).
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | RDWR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 68.25Y avg ≈110.3 | ≈110.3 | 59.7 | Fair value | |
| P/S | 4.45Y avg ≈3.8 | ≈3.8 | 5.4 | Undervalued | |
| P/B | 3.85Y avg ≈3.3 | ≈3.3 | 5.1 | Undervalued | |
| Price / FCF | 31.95Y avg ≈5.6 | ≈5.6 | · | · | |
| Price / Cash Flow | 26.45Y avg ≈-22.2 | ≈-22.2 | 21.7 | Fair value | |
| Price / Tangible Book | 4.85Y avg ≈4.2 | ≈4.2 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | RDWR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 80.7%5Y avg ≈81.0% | ≈81.0% | · | · | |
| Operating Margin | 3.8%5Y avg ≈-0.91% | ≈-0.91% | 3.6% | In line | |
| EBITDA Margin | 7.6%5Y avg ≈3.2% | ≈3.2% | 7.6% | In line | |
| Pretax Margin | 9.7%5Y avg ≈3.4% | ≈3.4% | 7.3% | Top tier | |
| Net Profit Margin | 6.7%5Y avg ≈0.66% | ≈0.66% | 8.2% | Weak | |
| ROA | 3.1%5Y avg ≈0.36% | ≈0.36% | 4.7% | Weak | |
| ROE | 6.1%5Y avg ≈0.62% | ≈0.62% | 8.3% | Weak | |
| ROIC | 2.3%5Y avg ≈-2.0% | ≈-2.0% | 2.3% | Weak |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | RDWR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 1.65Y avg ≈2.0 | ≈2.0 | 2.3 | Low liquidity | |
| Quick Ratio | 0.75Y avg ≈0.6 | ≈0.6 | 1.4 | Low liquidity |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | RDWR | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.55Y avg ≈0.5 | ≈0.5 | 0.6 | Weak | |
| Inventory Turnover | 4.35Y avg ≈4.1 | ≈4.1 | · | · | |
| Receivables Turnover | 11.65Y avg ≈15.7 | ≈15.7 | · | · | |
| Revenue / Employee | ≈$245.8K | · | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | Jul 28, 2026 | $0.30 | $0.29 | 4.2% |
| March 31, 2026 | $0.30 | $0.29 | 5.2% | |
| Dec. 31, 2025 | $0.32 | $0.31 | 3.5% | |
| Sept. 30, 2025 | $0.28 | $0.28 | 1.3% | |
| June 30, 2025 | $0.28 | $0.27 | 4.2% | |
| March 31, 2025 | $0.27 | $0.23 | 15.4% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $302M | $275M | $261M | $293M | $286M | $250M | $252M | $234M | $211M | $197M | $217M | $222M | |
| Cost of Revenue | $58M | $53M | $52M | $54M | $52M | $45M | $45M | $42M | $40M | $36M | $38M | $40M | |
| Gross Profit | $244M | $222M | $210M | $240M | $234M | $205M | $207M | $193M | $172M | $161M | $178M | $182M | |
| R&D Expense | $79M | $75M | $83M | $87M | $74M | $67M | $62M | $58M | $59M | $52M | $50M | $44M | |
| SG&A Expense | $26M | $28M | $32M | $30M | $22M | $19M | $19M | $16M | $18M | $18M | $17M | $20M | |
| Operating Expenses | $232M | $226M | $241M | $243M | $216M | $199M | $190M | $185M | $178M | $174M | $160M | $157M | |
| Operating Income | $11M | $-4M | $-32M | $-3M | $18M | $6M | $17M | $8M | $-7M | $-13M | $18M | $25M | |
| Other Non-op | $18M | $17M | $14M | $8M | $4M | $8M | $9M | $7M | $5M | $6M | $6M | $6M | |
| Pretax Income | $29M | $13M | $-18M | $5M | $23M | $14M | $26M | $15M | $-2M | $-7M | $24M | $31M | |
| Income Tax | $9M | $7M | $4M | $5M | $15M | $4M | $3M | $3M | $6M | $2M | $5M | $6M | |
| Net Income | $20M | $6M | $-22M | $-166.0K | $8M | $10M | $23M | $12M | $-7M | $-9M | $19M | $25M | |
| EPS (Basic) | $0.47 | $0.14 | $-0.50 | $0.00 | $0.17 | $0.21 | $0.48 | $0.26 | $-0.17 | $-0.20 | $0.40 | $0.55 | |
| EPS (Diluted) | $0.45 | $0.14 | $-0.50 | $0.00 | $0.16 | $0.20 | $0.47 | $0.25 | $-0.17 | $-0.20 | $0.40 | $0.53 | |
| Shares (Basic) | 42,879,056 | 41,982,851 | 42,871,770 | 44,943,168 | 45,919,835 | 46,460,974 | 46,816,899 | 45,289,296 | 43,475,844 | 43,868,221 | 45,895,321 | 45,308,554 | |
| Shares (Diluted) | 44,698,538 | 43,362,906 | 42,871,770 | 44,943,168 | 47,503,091 | 47,739,540 | 48,523,120 | 47,691,868 | 43,475,844 | 43,868,221 | 46,738,604 | 46,894,615 | |
| EBITDA | $23M | $8M | $-19M | $8M | $28M | $17M | $28M | $17M | $5M | $-2M | $27M | $33M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $105M | $99M | $71M | $46M | $93M | $55M | $41M | $45M | $65M | $80M | $34M | $45M | |
| Short-term Investments | · | · | · | · | · | $65M | $37M | $16M | $43M | $20M | $16M | $29M | |
| Receivables | $35M | $17M | $20M | $18M | $13M | $17M | $23M | $17M | $16M | $19M | $26M | $26M | |
| Inventory | $13M | $14M | $16M | $11M | $12M | $14M | $14M | $18M | $19M | $17M | $16M | $17M | |
| Prepaid Expense | $11M | $14M | $10M | $7M | $8M | $7M | $7M | $7M | $15M | $4M | $5M | $5M | |
| Current Assets | $317M | $321M | $376M | $334M | $321M | $348M | $222M | $359M | $250M | $267M | $178M | $152M | |
| PP&E (Net) | $16M | $16M | $18M | $21M | $20M | $23M | $23M | $24M | $24M | $26M | $26M | $21M | |
| PP&E (Gross) | $106M | $117M | $135M | $131M | $124M | $121M | $115M | $107M | $101M | $94M | $86M | $73M | |
| Accum. Depreciation | $89M | $102M | $117M | $110M | $104M | $98M | $92M | $84M | $77M | $68M | $60M | $53M | |
| Goodwill | $68M | $68M | $68M | $68M | $41M | $41M | $41M | $32M | $32M | $30M | $30M | $30M | |
| Intangibles | $8M | $12M | $16M | $20M | $11M | $13M | $14M | $9M | $10M | $2M | $4M | $5M | |
| Other Non-current Assets | $41M | $38M | $38M | $41M | $37M | $30M | $24M | $21M | $8M | $8M | $5M | $6M | |
| Total Assets | $671M | $619M | $572M | $644M | $635M | $623M | $595M | $533M | $471M | $430M | $431M | $443M | |
| Accounts Payable | $7M | $6M | $4M | $6M | $4M | $4M | $6M | $4M | $5M | $6M | $9M | $10M | |
| Accrued Liabilities | $33M | $20M | $14M | $12M | $30M | $16M | $16M | $12M | $16M | $15M | $11M | $13M | |
| Current Liabilities | $194M | $168M | $155M | $164M | $166M | $144M | $126M | $118M | $107M | $85M | $77M | $76M | |
| Capital Leases | $12M | $14M | $16M | $19M | $22M | $25M | $14M | · | · | · | · | · | |
| Other Non-current Liabilities | $8M | $15M | $17M | $19M | $10M | $11M | $10M | $7M | $5M | $14M | $9M | $8M | |
| Common Stock | $770.0K | $754.0K | $742.0K | $732.0K | $730.0K | $721.0K | $710.0K | $693.0K | $673.0K | $663.0K | $661.0K | $654.0K | |
| Retained Earnings | $146M | $126M | $120M | $141M | $142M | $134M | $124M | $102M | $82M | $90M | $98M | $80M | |
| Treasury Stock | $378M | $367M | $366M | $303M | $243M | $191M | $145M | $121M | $116M | $116M | $94M | $41M | |
| AOCI | $1M | $1M | $77.0K | $-5M | $-455.0K | $2M | $1M | $-1M | $-443.0K | $-20.0K | $1M | $211.0K | |
| Stockholders' Equity | $349M | $316M | $284M | $332M | $370M | $388M | $395M | $364M | $315M | $300M | $319M | $334M | |
| Liabilities + Equity | $671M | $619M | $572M | $644M | $635M | $623M | $595M | $533M | $471M | $430M | $431M | $443M | |
| Shares Outstanding | 43,145,971 | 42,554,602 | 41,698,876 | 44,306,891 | 45,871,957 | 46,386,889 | 46,987,757 | 46,347,403 | 44,133,954 | 43,188,850 | 44,778,847 | 46,926,497 |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $12M | $12M | $12M | $10M | $11M | $11M | $10M | $11M | $10M | $9M | $8M | |
| Stock-based Comp | $24M | $26M | $34M | $27M | $18M | $17M | $13M | $13M | $13M | $12M | $9M | $7M | |
| Deferred Tax | $5.0K | $439.0K | $582.0K | $-2M | $-3M | $333.0K | $-2M | $-2M | $91.0K | $-3M | $215.0K | $-2M | |
| Amort. of Intangibles | $4M | $4M | $4M | $4M | $2M | $2M | $2M | $948.0K | $1M | $1M | $1M | $2M | |
| Other Non-cash | $-6M | $27M | $-29M | $-5M | $40M | $27M | $7M | $18M | $15M | $28M | $2M | $14M | |
| Operating Cash Flow | $50M | $72M | $-4M | $32M | $72M | $64M | $53M | $49M | $31M | $38M | $39M | $52M | |
| CapEx | $9M | $5M | $5M | $9M | $6M | $9M | $8M | $9M | $7M | $9M | $14M | $9M | |
| Investing Cash Flow | $-30M | $-40M | $93M | $-56M | $8M | $-14M | $-51M | $-86M | $-56M | $28M | $-7M | · | |
| Stock Repurchased | $10M | $839.0K | $63M | $59M | $52M | $45M | $25M | $4M | $413.0K | $22M | $53M | $15M | |
| Net Stock Activity | $-10M | $-839.0K | $-63M | $-59M | $-52M | $-45M | $-25M | $-4M | $-413.0K | $-22M | $-53M | $-15M | |
| Financing Cash Flow | $-14M | $-4M | $-65M | $-22M | $-42M | $-35M | $-7M | $16M | $10M | $-21M | $-44M | · | |
| Net Change in Cash | · | · | · | · | · | · | $-4M | $-20M | $-14M | $46M | $-11M | $25M | |
| Taxes Paid | $2M | $921.0K | $4M | · | · | · | · | · | · | · | · | · | |
| Free Cash Flow | $42M | $66M | $-9M | $23M | $66M | $55M | $45M | $40M | $24M | $29M | $25M | $43M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.7% | 80.6% | 80.2% | 81.6% | 81.7% | 82.0% | 82.1% | 82.2% | 81.3% | 81.8% | 82.4% | 82.1% | |
| Operating Margin | 3.8% | -1.4% | -12.1% | -1.1% | 6.4% | 2.5% | 6.7% | 3.2% | -3.2% | -6.5% | 8.3% | 11.3% | |
| Net Margin | 6.7% | 2.2% | -8.3% | -0.06% | 2.7% | 3.9% | 8.9% | 5.0% | -3.5% | -4.4% | 8.6% | 11.2% | |
| Pretax Margin | 9.7% | 4.6% | -6.8% | 1.6% | 7.9% | 5.6% | 10.2% | 6.3% | -0.87% | -3.6% | 11.0% | 13.9% | |
| EBITDA Margin | 7.6% | 2.9% | -7.4% | 2.9% | 9.9% | 6.7% | 11.2% | 7.4% | 2.2% | -1.2% | 12.7% | 14.9% | |
| ROA | 3.1% | 1.0% | -3.5% | -0.03% | 1.2% | 1.6% | 4.0% | 2.3% | -1.7% | -2.0% | 4.2% | 6.0% | |
| ROE | 6.1% | 2.0% | -7.0% | -0.05% | 2.1% | 2.5% | 5.9% | 3.5% | -2.4% | -2.8% | 5.7% | 8.0% | |
| ROIC | 2.3% | -0.59% | -13.6% | 0.04% | 1.7% | 1.1% | 3.8% | 1.6% | -8.6% | -5.2% | 4.4% | 6.1% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.9 | 2.4 | 2.0 | 1.9 | 2.4 | 1.8 | 3.0 | 2.3 | 3.1 | 2.3 | 2.0 | |
| Quick Ratio | 0.7 | 0.7 | 0.6 | 0.4 | 0.6 | 0.9 | 0.8 | 0.7 | 1.2 | 1.4 | 1.0 | 1.3 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | 0.4 | 0.5 | 0.5 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | |
| Inventory Turnover | 4.3 | 3.6 | 3.8 | 4.7 | 4.1 | 3.2 | 2.8 | 2.2 | 2.2 | 2.1 | 2.3 | 2.6 | |
| Receivables Turnover | 11.6 | 14.8 | 13.7 | 19.0 | 19.1 | 12.7 | 12.7 | 14.1 | 11.9 | 8.6 | 8.3 | 8.8 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / Share | $8.10 | $7.43 | $6.81 | $7.50 | $8.07 | $8.37 | $8.41 | $7.85 | $7.15 | $6.94 | $7.13 | $7.11 | |
| Revenue / Share | $6.75 | $6.34 | $6.09 | $6.53 | $6.03 | $5.24 | $5.19 | $4.92 | $4.86 | $4.48 | $4.63 | $4.73 | |
| Cash Flow / Share | $1.12 | $1.65 | $-0.08 | $0.72 | $1.51 | $1.34 | $1.09 | $1.03 | $0.72 | $0.88 | $0.84 | $1.11 | |
| Cash / Share | $2.44 | $2.32 | $1.69 | $1.04 | $2.02 | $1.18 | $0.87 | $0.98 | $1.48 | $1.84 | $0.75 | $0.96 | |
| EPS (TTM) | $0.45 | $0.14 | $-0.50 | $0.00 | $0.16 | $0.20 | $0.47 | $0.25 | $-0.17 | $-0.20 | $0.40 | $0.53 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $302M | $275M | $261M | $293M | $286M | $250M | $252M | $234M | $211M | $197M | $217M | $222M | |
| Net Income TTM | $20M | $6M | $-22M | $-166.0K | $8M | $10M | $23M | $12M | $-7M | $-9M | $19M | $25M | |
| Market Cap | $1.04B | $959M | $696M | $875M | $1.91B | $1.29B | $1.21B | $1.05B | $856M | $630M | $687M | $1.03B | |
| P/E | 53.5 | 160.9 | -33.4 | · | 260.2 | 138.8 | 54.9 | 90.8 | -114.1 | -72.9 | 38.4 | 41.5 | |
| P/S | 3.4 | 3.5 | 2.7 | 3.0 | 6.7 | 5.1 | 4.8 | 4.5 | 4.1 | 3.2 | 3.2 | 4.7 | |
| P/B | 3.0 | 3.0 | 2.4 | 2.6 | 5.2 | 3.3 | 3.1 | 2.9 | 2.7 | 2.1 | 2.2 | 3.1 | |
| P / Tangible Book | 3.8 | 4.1 | 3.5 | 3.6 | 6.0 | 3.8 | · | · | · | · | · | · | |
| P / Cash Flow | 20.8 | 13.4 | -198.7 | 27.2 | 26.6 | 20.2 | 22.9 | 21.4 | 27.2 | 16.4 | 17.6 | 19.8 | |
| P / FCF | 25.0 | 14.5 | -77.9 | 37.5 | 28.9 | 23.3 | 27.1 | 26.1 | 35.3 | 21.7 | 27.1 | 24.2 | |
| Earnings Yield | 1.9% | 0.62% | -3.0% | 0.00% | 0.38% | 0.72% | 1.8% | 1.1% | -0.88% | -1.4% | 2.6% | 2.4% |
Per Share
| Metric | Trend | Q4 2016 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EPS (TTM) | $-0.20 | $0.44 | $-0.31 | · | · | · | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2016 | Q4 2010 | Q4 2009 | Q4 2008 | Q4 2007 | Q4 2006 | Q4 2005 | Q4 2004 | Q4 2003 | Q4 2002 | Q4 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $197M | $144M | $109M | · | · | · | · | · | · | · | · | |
| Net Income TTM | $-9M | $10M | $-6M | · | · | · | · | · | · | · | · | |
| P/E | -72.9 | 42.6 | -24.4 | · | · | · | · | · | · | · | · | |
| Earnings Yield | -1.4% | 2.4% | -4.1% | · | · | · | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $302M | $275M | $261M | $293M | $286M |
| Gross Margin % | 80.7% | 80.6% | 80.2% | 81.6% | 81.7% |
| Operating Margin % | 3.8% | -1.4% | -12.1% | -1.1% | 6.4% |
| Net Income | $20M | $6M | $-22M | $-166.0K | $8M |
| Diluted EPS | $0.45 | $0.14 | $-0.50 | $0.00 | $0.16 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 1.6 | 1.9 | 2.4 | 2.0 | 1.9 |
| Quick Ratio | 0.7 | 0.7 | 0.6 | 0.4 | 0.6 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Free Cash Flow | $42M | $66M | $-9M | $23M | $66M |
Institutional owners (13F) 145 filers · $779.2M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 27 (+7 vs prior Q) | 13 (+5 vs prior Q) | 37 (0 vs prior Q) | 47 (+3 vs prior Q) | -1.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Senvest Management, LLC | $124,876,811 | 4,046,559 | 16.03% | Shares |
| MORGAN STANLEY | $74,494,522 | 2,413,950 | 9.56% | Shares |
| Artisan Partners Limited Partnership | $73,276,453 | 2,374,480 | 9.40% | Shares |
| Legal & General Group Plc | $71,589,028 | 2,319,800 | 9.19% | Shares |
| BlackRock, Inc. | $51,581,976 | 1,671,483 | 6.62% | Shares |
| NEUBERGER BERMAN GROUP LLC | $50,710,043 | 1,647,378 | 6.51% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $39,418,527 | 1,277,334 | 5.06% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $25,838,833 | 837,720 | 3.32% | Shares |
| FIRST TRUST ADVISORS LP | $25,457,432 | 824,933 | 3.27% | Shares |
| RICE HALL JAMES & ASSOCIATES, LLC | $21,011,124 | 680,853 | 2.70% | Shares |
| STATE STREET CORP | $18,418,976 | 596,856 | 2.36% | Shares |
| Nuveen, LLC | $16,972,785 | 549,993 | 2.18% | Shares |
| HERALD INVESTMENT MANAGEMENT Ltd | $14,083,668 | 456,817 | 1.81% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $11,846,567 | 383,881 | 1.52% | Shares |
| Defiance ETFs, LLC | $10,580,363 | 343,965 | 1.36% | Shares |
| Polar Capital Holdings Plc | $9,345,272 | 302,828 | 1.20% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $8,832,132 | 286,200 | 1.13% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $8,676,443 | 281,155 | 1.11% | Shares |
| CITADEL ADVISORS LLC | $7,901,610 | 256,047 | 1.01% | Shares |
| MILLENNIUM MANAGEMENT LLC | $7,503,300 | 243,140 | 0.96% | Shares |
| BANK OF AMERICA CORP /DE/ | $6,635,239 | 215,011 | 0.85% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $6,420,392 | 208,049 | 0.82% | Shares |
| Qube Research & Technologies Ltd | $5,903,580 | 191,302 | 0.76% | Shares |
| GOLDMAN SACHS GROUP INC | $4,519,972 | 146,467 | 0.58% | Shares |
| JANE STREET GROUP, LLC | $3,850,804 | 124,783 | 0.49% | Shares |
| SEI INVESTMENTS CO | $3,449,209 | 111,770 | 0.44% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $3,330,812 | 107,933 | 0.43% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $3,119,730 | 101,093 | 0.40% | Shares |
| Robeco Institutional Asset Management B.V. | $2,864,457 | 92,821 | 0.37% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $2,797,319 | 90,714 | 0.36% | Shares |
| XTX Topco Ltd | $2,746,478 | 88,998 | 0.35% | Shares |
| TWO SIGMA INVESTMENTS, LP | $2,746,139 | 88,987 | 0.35% | Shares |
| ARK Investment Management LLC | $2,662,601 | 86,280 | 0.34% | Shares |
| ExodusPoint Capital Management, LP | $2,631,463 | 85,271 | 0.34% | Shares |
| NORTHERN TRUST CORP | $2,396,464 | 77,656 | 0.31% | Shares |
| TWO SIGMA ADVISERS, LP | $2,308,135 | 95,813 | 0.30% | Shares |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd | $2,289,226 | 74,181 | 0.29% | Shares |
| Swiss National Bank | $2,172,544 | 70,400 | 0.28% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $2,056,634 | 66,644 | 0.26% | Shares |
| State of Tennessee, Department of Treasury | $2,046,296 | 66,309 | 0.26% | Shares |
| Skopos Labs, Inc. | $1,914,649 | 72,745 | 0.25% | Shares |
| CITIGROUP INC | $1,774,882 | 57,514 | 0.23% | Shares |
| Cubist Systematic Strategies, LLC | $1,596,495 | 60,267 | 0.20% | Shares |
| Man Group plc | $1,570,188 | 50,881 | 0.20% | Shares |
| PDT Partners, LLC | $1,550,221 | 50,234 | 0.20% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $1,538,983 | 58,472 | 0.20% | Shares |
| Jump Financial, LLC | $1,533,958 | 49,707 | 0.20% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,416,474 | 45,900 | 0.18% | Put option |
| ENVESTNET ASSET MANAGEMENT INC | $1,382,127 | 44,787 | 0.18% | Shares |
| D. E. Shaw & Co., Inc. | $1,362,346 | 44,146 | 0.17% | Shares |
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Yehuda Zisapel, Nava Zisapel ×3 filings | Feb. 19, 2019 | · | Initial filing | · | SEC |
| Roy Zisapel | Aug. 9, 2018 | · | Initial filing | Passive investment | SEC |
| Undisclosed reporting person | Feb. 17, 2011 | · | Initial filing | · | SEC |
| Undisclosed reporting person | March 16, 2009 | · | Initial filing | Passive investment | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Company insiders 8 insiders · 5 officers · 4 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Roy Zisapel | President & CEO | May 25, 2026 A | 2,392,275 | 0 | 0 | $0 |
| Guy Avidan | Chief Financial Officer | July 31, 2026 P | 95,800 | 1 | 0 | $50,420 |
| Gabriel Malka | Chief Operating Officer | Aug. 27, 2026 S | 47,922 | 0 | 3 | $-495,219 |
| David Meleh Aviv | Chief Technology Officer | Sept. 17, 2026 S | 134,487 | 0 | 1 | $-460,650 |
| Rivkah Goldriech | Chief People Officer | July 9, 2026 S | 59,991 | 0 | 2 | $-64,562 |
| Israel Mazin | Director | May 25, 2026 A | · | 0 | 0 | $0 |
| Alex Pinchev | Director | May 25, 2026 A | · | 0 | 0 | $0 |
| Stanley Stern | Director | May 25, 2026 A | · | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
ETF ownership Held by 8 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| IHAK · iShares Trust | 1.40% | 525,281 SH | Sept. 11, 2026 | Daily |
| EIS · iShares, Inc. | 0.23% | 72,769 SH | Sept. 11, 2026 | Daily |
| PDN · Invesco Exchange-Traded Fund Trust … | 0.04% | 4,161 SH | Oct. 2, 2026 | Daily |
| SCZ · iShares Trust | 0.03% | 120,386 SH | Sept. 11, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 2,475 SH | Sept. 11, 2026 | Daily |
| IDEV · iShares Trust | 0.01% | 72,366 SH | Sept. 10, 2026 | Daily |
| IEFA · iShares Trust | 0.00% | 333,641 SH | Sept. 11, 2026 | Daily |
| IXUS · iShares Trust | 0.00% | 76,914 SH | Sept. 11, 2026 | Daily |
RDWR Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
12-Month Price Target
2 analysts · 2026-09-28Mean target $30.50 -0.7%
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