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Wed, Mar. 16, 10:11 AM
- A Northern California jury has ruled F5 (FFIV -0.1%) willfully infringed smaller application delivery controller rival Radware's (RDWR +1.1%) '319 and '374 patents (USPTO filings: I, II). Both patents are related to the fielding of DNS queries.
- Radware has been awarded $6.4M in damages - the company notes the court could treble damages due to the willful infringement finding, and that it could pursue an injunction against infringing F5 products. F5 has the right to appeal.
Wed, Feb. 3, 6:01 AM
- Radware (NASDAQ:RDWR): Q4 EPS of $0.17 in-line.
- Revenue of $55.26M (-9.5% Y/Y) beats by $0.41M.
Tue, Feb. 2, 5:30 PM
Oct. 28, 2015, 6:01 AM
- Radware (NASDAQ:RDWR): Q3 EPS of $0.10 misses by $0.01.
- Revenue of $48.06M (-15.4% Y/Y) misses by $1.12M.
Oct. 27, 2015, 5:30 PM
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Oct. 6, 2015, 12:44 PM
Oct. 6, 2015, 9:15 AM
Oct. 5, 2015, 5:13 PM
- Radware (NASDAQ:RDWR) now expects Q3 revenue of $48M and EPS of $0.10, below prior guidance of $57M-$59M and $0.23-$0.24, and a consensus of $$58M and $0.24.
- No explanation has been given in the PR for the shortfall. A conference call will be held at 8:45AM ET tomorrow (webcast).
- Shares have fallen to $15.97 after hours. The 52-week low is $15.70.
- In late July: Radware tumbles after Q2 miss, soft guidance
Jul. 28, 2015, 1:14 PM
- In addition to missing Q2 estimates, Radware (NASDAQ:RDWR) guided on its earnings call for Q3 EPS of $0.23-$0.24, below a $0.26 consensus.
- CEO Roy Zisapel: "We were disappointed by our lower growth during the second quarter ... The Cisco-announced OEM agreement coupled with our existing OEM agreement with Check Point and our strong organic growth in our data center security business, clearly positions us for market leadership in this critical market segment. We plan to expand our security business and leverage our market position for sales and continuous profitability growth.”
- The application delivery controller/security appliance provider ended Q2 with $341M in cash/investments (equal to 41% of its market cap), and no debt. A $40M buyback was launched during the quarter.
- Larger ADC rival F5 delivered strong numbers last week.
- Q2 results, PR
Jul. 28, 2015, 6:35 AM
- Radware (NASDAQ:RDWR): Q2 EPS of $0.23 misses by $0.01.
- Revenue of $56M (+5.5% Y/Y) misses by $3.24M.
Jul. 23, 2015, 2:56 PM
- Application delivery controller/security hardware vendor F5 (FFIV +6.9%) beat FQ3 estimates on the back of strong software sales, and provided above-consensus FQ4 EPS guidance (revenue was in-line). With growing 100G long-haul optical deployments serving as a tailwind, optical networking hardware vendor Infinera (INFN +9.6%) beat Q2 estimates and provided strong Q3 guidance.
- Also: Optical component vendor Alliance Fiber (AFOP +16%) beat estimates and offered healthy guidance. Strong datacom component demand from cloud service providers was cited.
- A slew of telecom/networking equipment, component, and chip vendors are higher on a day the Nasdaq is down 0.4%. The list includes Infinera rival Ciena (CIEN +1.6%), F5 rival Radware (RDWR +3.3%), and Alliance Fiber peer NeoPhotonics (NPTN +4.7%). Others include Ciena acquisition target Cyan (CYNI +1.8%) and chipmakers Cavium (CAVM +3.6%), PMC-Sierra (PMCS +3%), EZchip (EZCH +2.8%), and InPhi (IPHI +3.7%).
- Broader gains for chip stocks - the Philadelphia Semi Index is up 1.7% after selling off hard yesterday - are likely helping the chipmakers. Cisco, meanwhile, is up 2.2% after striking a deal to sell its share-losing set-top unit to Technicolor.
- During F5's earnings call, new CEO Manny Rivelo stated F5 now leads the virtual (software-based) ADC market, which has sometimes been seen as a major long-term threat to its ADC hardware business, and noted the company saw a 20% Y/Y increase in its deferred revenue balance (driven by services/subscription growth) to $743M. He also disclosed sales chief Dave Feringa is stepping down on Oct. 1; his successor will be named shortly.
- On Infinera's call, CEO Tom Fallon mentioned the company has now invoiced 12 customers for its new Cloud Xpress data center interconnect platform, up from 7 three months ago. For now, long-haul optical still makes up over 90% of revenue - Cloud Xpress growth, the pending launch of a metro aggregation product, and (provided it's approved) the Transmode acquisition should change that. 3 customers accounted for over 10% of Q2 revenue.
Jul. 6, 2015, 11:34 AM
- Meir Moshe, Radware's (NASDAQ:RDWR) CFO for more than 16 years, is stepping down. He'll be replaced by Doron Abramovitch, until recently the CFO of chip equipment maker Orbotech.
- Radware has sold off on a rough day for European and Israeli equities (follows a Greek "no" vote on austerity measures). The Tel Aviv 25 index is down 2.3%.