Radware has beaten earnings in three of the last four quarters with strong free cash flow conversion of 166% of net income and a solid Piotroski F-Score of 8 out of 9 — but the stock is priced above analyst targets with negative price asymmetry, and despite these operational strengths, the Rule of 40 score of only 21 indicates the combined growth and profitability profile does not meet the threshold for elite software business classification.
Thesis pillars
- Rule Of 40 Below Threshold→Stable
- Strong Free Cash Flow Conversion→Stable
- Earnings Beat Consistency→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026· older than 90 days
Radware Ltd. (RDWR) Stock Analysis
Breakout setup
Technology · Software - Infrastructure
Sell if holding. At $33.60, A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 5.0%; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2).
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers. The company operates in two segments, Radware's Core Business and The Hawks' Business.... Read more
Sell if holding. At $33.60, A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 5.0%; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Score 5.5/10, moderate confidence.
Passes 6/8 gates (positive momentum, no SEC red flags, news events none recent, earnings proximity 98d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated Oct 28, 2026Recent Developments — Radware Ltd.
Latest news
- NEWS RDWR|Radware Ltd|Price:37.160|Chg%:+1.660 - TradingKey — TradingKey Oct 28, 2026 neutral
- NEWS Radware (NASDAQ:RDWR) Posts Quarterly Earnings Results, Beats Expectations By $0.03 EPS - MarketBeat — MarketBeat Oct 28, 2026 positive
- NEWS Chief Technology Officer Of Radware Makes $1.01M Sale - Benzinga — Benzinga Oct 28, 2026 neutral
- NEWS RADWARE ($RDWR) Releases Q3 2026 Earnings - Quiver Quantitative — Quiver Quantitative Oct 28, 2026 neutral
- NEWS Earnings Flash (RDWR) Radware Ltd. Posts Q3 Adjusted EPS $0.32 per Share, vs. FactSet Est of $0.29 - marketscreener.com — marketscreener.com Oct 28, 2026 positive
Latest item Oct 28, 2026 · Generated 2026-11-04T11:54:39Z.
Upcoming dated catalysts
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. At $33.60, A.R:R 0.3:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Thin upside margin: 5.0%; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2). Chart setup: Golden cross, above all MAs, RSI 64, MACD bullish. Prior stop was $31.25. Score 5.5/10, moderate confidence.
Analyst target: $35.27 (+5.0% upside). Prior stop was $31.25. Stop-loss: $31.25.
Thin upside margin: 5.0%; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.2); Sector modifier (Technology): -0.8.
Radware Ltd. trades at a P/E of 71.5 (forward 23.8). TrendMatrix value score: 6.4/10. Verdict: Sell.
9 analysts rate RDWR, with a consensus score of 4.0/5. 2 analysts publish price targets averaging $42.
What does Radware Ltd. do?Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application...
Radware Ltd., together with its subsidiaries, develops, manufactures, and markets cyber security and application delivery solutions for cloud, on-premises, and software defined data centers. The company operates in two segments, Radware's Core Business and The Hawks' Business. It offers cloud application protection service, cloud WAF, bot manager, API protection, web DDoS protection, client-side protection, threat intelligence, Kubernetes WAAP, and Alteon integrated WAF; cloud DDoS protection service, web DDoS protection defencepro X, cyber controller, AI SOC Xpert, and firewall-as-a-service; and Alteon, linkproof NG, and SSL inspection services. The company serves healthcare, government, online business, SaaS, education, open banking, MSSP solutions, and financial services through independent distributors, which include value added resellers, original equipment manufacturers, and system integrators. It operates in the United States, the Asia Pacific, Europe, the Middle East, Africa, and internationally. Radware Ltd. was incorporated in 1996 and is headquartered in Tel Aviv-Yafo, Israel.