What is Radware's gross profit margin?

What were the key takeaways from Radware’s earnings call?

What factors drove the changes in Radware's revenue and profit?

What is Radware's latest dividend and current dividend yield?

What is the market's earnings forecast for Radware next quarter?

What does Radware do and what are its main business segments?

What guidance did Radware's management provide for the next earnings period?

What were the key takeaways from Radware's earnings call?

- **Revenue Growth**: 8% YoY to $75 million, driven by cloud security ARR of $89 million (24% YoY).
- **Subscription Shift**: 52% of revenue now recurring, up from 47%, enhancing long-term stability.
- **Cloud Expansion**: 8 new cloud centers in 2025, scaling infrastructure to meet demand.
- **AI Innovation**: SOC X uses Gen AI for automated threat mitigation; API security growth poised for 2026 expansion.
- **Q4 Outlook**: $78-79 million revenue, EPS $0.29-0.30, supported by strong ARR growth and operational efficiency.

**【CEO Summary Section】**
- **Revenue Growth**: Q3 2025 revenue of $75 million, up 8% YoY, with Non-GAAP EPS rising 22% to $0.28.
- **Cloud Security Momentum**: Cloud ARR reached $89 million (24% YoY growth), driven by North America expansion and API security innovation. Subscription revenue now 52% of total (vs. 47% last year).
- **Infrastructure Scaling**: Opened 2 new cloud security centers this quarter, with 3 more planned for Q4, totaling 8 in 2025.
- **DefensePro X Refresh**: 40% YoY growth, with 7-figure deals secured in telecom, finance, and banking sectors.
- **AI Investment**: API security powered by AI adapts to evolving threats; SOC X uses Gen AI for automated threat detection and mitigation.

**【CFO Financial Commentary】**
- **Financial Highlights**: Gross margin 82.2%, operating income up 34% to $9.6 million, adjusted EBITDA $11.4 million (25% YoY growth).
- **Regional Performance**: Americas revenue up 28% YoY ($35.4 million, 47% of total), EMEA down 10%, APAC up 3%.
- **Cash Flow**: Q3 cash flow negative ($4.2 million) due to AR timing; expects Q4 positive with RPO exceeding 2024 levels.
- **Q4 Guidance**: Revenue $78-79 million, EPS $0.29-0.30, reflecting ARR-driven growth and operational efficiency.

**【Q&A Highlights】**
- **North America Strategy**: Continued investment in go-to-market and R&D to capitalize on cloud security demand.
- **Competitive Edge**: Algorithmic-based security and fully managed services differentiate against rule-based competitors.
- **AI in SOC X**: Currently enhancing threat detection; future focus on protecting customer AI systems.
- **Demand Visibility**: Q4 guided by 8% ARR growth, with 82% of business recurring, providing strong revenue predictability.

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