Radware authorizes $80 million share buyback program

Radware Ltd. (NASDAQ: RDWR) announced that its board of directors has authorized a new share repurchase plan allowing the company to buy back up to $80 million of its outstanding ordinary shares. The plan, designated as the "2026 Plan," will expire on March 15, 2027.

The cybersecurity company said the repurchase program authorizes management to buy back shares through open market transactions, privately negotiated transactions, or other legally permissible methods. The timing and amount of purchases will depend on market conditions, share price, trading volume and other factors.

Radware stated that repurchases will comply with applicable U.S. securities laws and regulations, including Rule 10b-18 under the Securities Exchange Act of 1934, as well as Israeli law. The company may implement purchases through a Rule 10b5-1 compliant plan designed to facilitate the transactions.

The share repurchase plan does not require the company to buy back any specific number of shares and may be suspended or terminated at management's discretion, according to the announcement.

Radware provides application security and delivery solutions for multi-cloud environments. The Tel Aviv-based company's products include AI-driven algorithms for protection against web applications, DDoS attacks, API abuse, and automated bot threats.

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