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.