Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Radware Soars to a One-Month High on Check Point Deal

June 20 (Bloomberg) -- Radware Ltd. surged the most in a month in New York after the Israeli technology company said it entered a partnership with Check Point Software Technologies Ltd., the world’s second-largest security network maker.

Radware, the Israeli developer of security and cloud-computing technology, added 3.7 percent to $39.63 by the close in New York, the biggest jump since May 16. The shares gained for a fourth consecutive day, the longest winning streak since Jan. 12.

Radware’s Attack Mitigation System technology will be employed in a new line of Check Point’s DDOS Protector products to help block attacks in faster response time, according to a statement today distributed by PR Newswire. A DDOS attack, or distributed denial of service attack, occurs when a website is visited by a large number of visits causing the web address to go off line.

DDOS attacks have become more organized, professional and complex, and can completely interrupt legitimate business traffic, Radware said in the statement.

To contact the reporter on this story: Christine Harvey in New York at charvey32@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.