Exhibit 99.1

Radware Announces Fourth Quarter and Full Year 2016 Earnings

Fourth Quarter 2016 Financial Highlights

· Revenues of $51.7 Million

· Non-GAAP EPS of $0.06; GAAP EPS of ($0.05)

· Cash flow from operations of $23.3 Million

· Cash used for stock repurchase of $10.3 Million

Full Year 2016 Financial Highlights

· Revenues of $196.6 Million

· Non-GAAP EPS of $0.20; GAAP EPS of ($0.20)

· Cash flow from operations of $38.6 Million

· Cash used for stock repurchase of $22.0 Million

TEL AVIV, ISRAEL, FEBRUARY 8, 2017 —Radware^®(NASDAQ: RDWR), a leading provider of cyber security and application delivery solutions securing the digital experience for applications in virtual, cloud and software defined data centers, today announced its consolidated financial results for the quarter and year ended December 31, 2016.

“We reported solid results for the fourth quarter of 2016 and are very pleased with the underlying business trends, which led to record bookings for the quarter, primarily due to the success of our subscription and cloud security solutions,” said Roy Zisapel, Radware President & CEO. “Overall, our business continues its desired and strategic transition towards increased data center security sales and a growing proportion of service and subscription sales. We have expanded this offering last week with the acquisition of Seculert, which brings us cutting-edge cloud-based machine learning and big data analytics capabilities. Our comprehensive solution offering addresses the core challenges of applications delivery and security, and our flexible deployment models are aligned with the continued migration of applications to the cloud. Radware is therefore well positioned to deliver long term growth”.

Financial Highlights for the Fourth Quarter of 2016

Revenues for the fourth quarter of 2016 totaled $51.7 million, compared with revenues of $55.3 million for the fourth quarter of 2015, and revenues of $46.9 million for the third quarter of 2016.

Revenues in the Americas region were $22.7 million for the fourth quarter of 2016, up 8.7% from revenues of $20.9 in the fourth quarter of 2015. Revenues in the EMEA region were $14.9 million for the fourth quarter of 2016, down 16.0% from revenues of $17.8 in the fourth quarter of 2015. Revenues in the APAC region were $14.1 million for the fourth quarter of 2016, down 15.1% from revenues of $16.6 in the fourth quarter of 2015.

Net loss on a GAAP basis for the fourth quarter of 2016 was ($2.1) million or ($0.05) per share, compared with net income of $4.3 million or $0.09 per diluted share for the fourth quarter of 2015.

Non-GAAP net income for the fourth quarter of 2016 was $2.5 million or $0.06 per diluted share, compared with non- GAAP net income of $7.6 million or $0.17 per diluted share for the fourth quarter of 2015.

Financial Highlights for the Full Year of 2016

Revenues for the full year of 2016 totaled $196.6 million, compared with revenues of $216.6 million for the full year of 2015.

Revenues in the Americas region were $84.7 million for the full year of 2016, down 4.5% from revenues of $88.7 in the full year of 2015. Revenues in the EMEA region were $53.7 million for the full year of 2016, down 14.3% from revenues of $62.7 in the full year of 2015. Revenues in the APAC region were $58.1 million for the full year of 2016, down 10.8% from revenues of $65.2 in the full year of 2015.

Net loss on a GAAP basis for the full year of 2016 was ($8.7) million or ($0.20) per share, compared with net income of $18.6 million or $0.40 per diluted share for the full year of 2015.

Non-GAAP net income for the full year of 2016 was $8.9 million or $0.20 per diluted share, compared with non- GAAP net income of $33.7 million or $0.72 per diluted share for the full year of 2015.

Non-GAAP results are calculated excluding the impact of the patent litigation expense, stock-based compensation, exchange rate differences, net on balance sheet items and amortization of intangible assets. A reconciliation of each of the company’s non-GAAP measures to the comparable GAAP measured is included at the end of this press release.

As of December 31, 2016 the Company had cash, cash equivalents, short-term and long-term bank deposits and marketable securities of $320.1 million. Cash generated from operations in the fourth quarter of 2016 totaled $23.3 million. Cash used for share repurchase in the fourth quarter of 2016 totaled $10.3 million. Cash generated from operations in the full year of 2016 totaled $38.6 million. Cash used for share repurchase in the full year of 2016 totaled $22.0 million.

Conference Call

Radware management will host a call on Wednesday, February 8, 2017 at 8:30 am ET to discuss its fourth quarter and full year 2016 results and the company’s outlook for 2017.

Participants in the US call: Toll Free 866-393-4306

Participants Internationally call:  +1-734-385-2616

Conference ID:  43641113

A replay will be available for 2 days, starting 2 hours after the end of the call, on telephone number +1-404-537-3406 or (US toll-free) 855-859-2056.

A live webcast of the conference call can also be heard by accessing the Company's website at:http://www.radware.com/IR/. The webcast will remain available for replay during the next 12 months.

###

Use of Non-GAAP Financial Information

In addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), Radware uses non-GAAP measures of gross profit, operating income, financial income, net income and earnings per share, which are adjustments from results based on GAAP to exclude stock-based compensation expenses, in accordance with ASC No. 718, amortization of intangible assets, litigation costsand exchange rate differences, net on balance sheet items included in finance income. Such exchange rate differences may vary from period to period due to changes in exchange rates driven by general market conditions or other circumstances outside of the normal course of Radware's operations. Management believes that exclusion of these charges allows comparisons of operating results that are consistent across past, present and future periods. Furthermore, Radware uses a measure called “total deferred revenues” which is defined as the sum of short and long term deferred revenues on the balance sheet and uncollected billed amounts that were offset against trade receivables, and are not presented on the balance sheet. Radware’s management believes the non-GAAP financial information provided in this release is useful to investors for the purpose of understanding and assessing Radware’s ongoing operations. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of the non-GAAP financial measures discussed in this press release, to the most directly comparable GAAP financial measures, is included with the financial information contained in this press release. Management uses both GAAP and non-GAAP information in evaluating and operating business internally and, as such, has determined that it is important to provide this information to investors.

Safe Harbor Statement

This press release may contain statements concerning Radware’s future prospects that are “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Statements preceded by, followed by, or that otherwise include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical facts. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware's current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions and volatility of the market for our products; changes in the competitive landscape; inability to realize our investment objectives; timely availability and customer acceptance of our new and existing products; risks and uncertainties relating to acquisitions, including costs and difficulties related to integration of acquired businesses; the impact of economic and political uncertainties and weaknesses in various regions of the world, including the commencement or escalation of hostilities or acts of terrorism; Competition in the market for Application Delivery and Network Security solutions and our industry in general is intense; and other factors and risks on which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, reference is made to Radware’s most recent Annual Report on Form 20-F which is on file with the Securities and Exchange Commission (SEC) and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

About Radware

Radware® (NASDAQ: RDWR), is a global leader of application delivery and cyber security solutions for virtual, cloud and software defined data centers. Its award-winning solutions portfolio delivers service level assurance for business-critical applications, while maximizing IT efficiency. Radware’s solutions empower more than 10,000 enterprise and carrier customers worldwide to adapt to market challenges quickly, maintain business continuity and achieve maximum productivity while keeping costs down.  For more information, please visit www.radware.com

©2017 Radware Ltd. All rights reserved. Radware and all other Radware product and service names are registered trademarks or trademarks of Radware in the U.S. and other countries. All other trademarks and names are property of their respective owners.

CONTACTS

Investor Relations:

Anat Earon-Heilborn

+972 723917548

ir@radware.com

Media Contacts:

Deborah Szajngarten

Radware

201-785-3206

deborah.szajngarten@radware.com

Radware Ltd.

Condensed Consolidated Balance Sheets

(U.S. Dollars in thousands)

	December 31,			December 31,
	2016			2015
	(Unaudited)
Assets
Current assets
Cash and cash equivalents		79,639			33,744
Available-for-sales marketable securities		20,452			16,003
Short-term bank deposits		125,995			80,922
Trade receivables, net		19,407			26,410
Other receivables and prepaid expenses		4,159			5,042
Inventories		17,114			16,322
		266,766			178,443
Long-term investments
Available-for-sales marketable securities		74,967			87,814
Long-term bank deposits		19,092			96,643
Severance pay funds		2,597			2,724
		96,656			187,181
Property and equipment, net		26,354			26,203
Intangible assets, net		2,399			3,518
Other assets		7,595			5,473
Goodwill		30,069			30,069
Total assets		429,839			430,887
Liabilities and shareholders' equity
Current Liabilities
Trade payables		5,971			9,255
Deferred revenues		53,061			46,061
Other payables and accrued expenses		26,232			22,098
		85,264			77,414
Long-term liabilities
Deferred revenues		31,100			25,136
Other long-term liabilities		13,846			9,214
		44,946			34,350
Shareholders' equity
Share capital		663			661
Additional paid-in capital		325,204			312,784
Accumulated other comprehensive income, net of tax		(20	)		1,257
Treasury stock, at cost		(116,029	)		(94,049	)
Retained earnings		89,811			98,470
Total shareholders' equity		299,629			319,123
Total liabilities and shareholders' equity		429,839			430,887

Radware Ltd.

Condensed Consolidated Statements of Income

(U.S Dollars in thousands, except share and per share data)

	For the three months ended						For the year ended
	December 31,						December 31,
	2016			2015			2016			2015
	(Unaudited)			(Unaudited)			(Unaudited)			(Audited)
Revenues		51,712			55,256			196,585			216,566
Cost of revenues		9,596			9,910			35,695			38,200
Gross profit		42,116			45,346			160,890			178,366
Operating expenses:
Research and development, net		12,235			12,972			51,732			49,987
Selling and marketing		28,144			24,946			103,774			93,347
General and administrative		4,226			4,055			18,133			17,033
Total operating expenses		44,605			41,973			173,639			160,367
Operating income (loss)		(2,489	)		3,373			(12,749	)		17,999
Financing income, net		863			2,394			5,741			5,867
Income (loss) before taxes on income		(1,626	)		5,767			(7,008	)		23,866
Taxes on income		(507	)		(1,504	)		(1,651	)		(5,297	)
Net income (loss)		(2,133	)		4,263			(8,659	)		18,569
Basic net earnings (loss) per share		(0.05	)		0.09			(0.20	)		0.40
Weighted average number of shares used to compute basic net earnings (loss) per share		43,313,644			45,048,937			43,868,221			45,895,321
Diluted net earnings (loss) per share		(0.05	)		0.09			(0.20	)		0.40
Weighted average number of shares used to compute diluted net earnings (loss) per share		43,313,644			45,300,967			43,868,221			46,738,604

Radware Ltd.

Reconciliation of GAAP to Non-GAAP Financial Information

(U.S Dollars in thousands, except share and per share data)

	For the three months ended					For the year ended
	December 31,					December 31,
	2016			2015		2016			2015
	(Unaudited)			(Unaudited)		(Unaudited)			(Unaudited)
GAAP gross profit		42,116			45,346		160,890			178,366
Stock-based compensation		52			42		180			141
Amortization of intangible assets		254			254		1,014			1,114
Non-GAAP gross profit		42,422			45,642		162,084			179,621
GAAP research and development, net		12,235			12,972		51,732			49,987
Stock-based compensation		948			575		3,339			2,456
Non-GAAP Research and development, net		11,287			12,397		48,393			47,531
GAAP selling and marketing		28,144			24,946		103,774			93,347
Stock-based compensation		1,743			1,187		5,661			4,098
Amortization of intangible assets		26			29		105			124
Non-GAAP selling and marketing		26,375			23,730		98,008			89,125
GAAP general and administrative		4,226			4,055		18,133			17,033
Stock-based compensation		478			452		2,340			2,634
Litigation related charges		784			744		4,270			3,383
Non-GAAP general and administrative		2,964			2,859		11,523			11,016
GAAP total operating expenses		44,605			41,973		173,639			160,367
Stock-based compensation		3,169			2,214		11,340			9,188
Amortization of intangible assets		26			29		105			124
Litigation related charges		784			744		4,270			3,383
Non-GAAP total operating expenses		40,626			38,986		157,924			147,672
GAAP operating income (loss)		(2,489	)		3,373		(12,749	)		17,999
Stock-based compensation		3,221			2,256		11,520			9,329
Amortization of intangible assets		280			283		1,119			1,238
Litigation related charges		784			744		4,270			3,383
Non-GAAP operating income (loss)		1,796			6,656		4,160			31,949
GAAP finance income		863			2,394		5,741			5,867
Exchange rate differences, net on balance sheet items included in financial income		341			87		674			1,146
Non-GAAP finance income		1,204			2,481		6,415			7,013
GAAP income (loss) before taxes on income		(1,626	)		5,767		(7,008	)		23,866
Stock-based compensation		3,221			2,256		11,520			9,329
Amortization of intangible assets		280			283		1,119			1,238
Litigation related charges		784			744		4,270			3,383
Exchange rate differences, net on balance sheet items included in financial income		341			87		674			1,146
Non-GAAP income before taxes on income		3,000			9,137		10,575			38,962
GAAP net income (loss)		(2,133	)		4,263		(8,659	)		18,569
Stock-based compensation		3,221			2,256		11,520			9,329
Amortization of intangible assets		280			283		1,119			1,238
Litigation related charges		784			744		4,270			3,383
Exchange rate differences, net on balance sheet items included in financial income		341			87		674			1,146
Non GAAP net income		2,493			7,633		8,924			33,665
GAAP Net income (loss) per diluted share		(0.05	)		0.09		(0.20	)		0.40
Stock-based compensation		0.07			0.05		0.26			0.20
Amortization of intangible assets		0.01			0.01		0.03			0.03
Litigation related charges		0.02			0.02		0.10			0.07
Exchange rate differences, net on balance sheet items included in financial income		0.01			0.00		0.01			0.02
Non GAAP Net income per diluted share		0.06			0.17		0.20			0.72
Weighted average number of shares used to compute Non-GAAP diluted net earnings (loss) per share		43,721,973			45,300,967		44,125,436			46,738,604

Radware Ltd.

Condensed Consolidated Statements of Cash Flow

(U.S. Dollars in thousands)

	For the three months ended						For the year ended
	December 31,						December 31,
	2016			2015			2016			2015
Cash flow from operating activities:
Net income (loss)		(2,133	)		4,263			(8,659	)		18,569
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization		2,663			2,411			10,372			9,401
Stock based compensation		3,221			2,256			11,520			9,329
Gain from sale of available-for-sale marketable securities		5			(1,298	)		(1,772	)		(2,438	)
Amortization of premium, accretion of discounts and accrued interest on available-for- sale marketable securities, net		670			520			1,947			3,208
Accrued interest on bank deposits		1,633			(648	)		1,179			(1,998	)
Increase in accrued severance pay, net		111			0			401			125
Decrease (increase) in trade receivables, net		1,939			(2,229	)		7,003			(773	)
Decrease (increase) in other current assets and prepaid expenses and deferred income taxes, net		(498	)		2,794			(759	)		112
Decrease (increase) in inventories		(302	)		69			(792	)		522
Decrease (increase) in trade payables		920			3,229			(3,284	)		(562	)
Increase in deferred revenues		11,144			6,003			12,964			3,849
Increase (decrease) in other payables and accrued expenses		3,302			(1,779	)		7,813			424
Excess tax benefit from stock-based compensation		605			58			679			(632	)
Net cash provided by operating activities		23,280			15,649			38,612			39,136
Cash flows from investing activities:
Purchase of property and equipment		(1,333	)		(3,056	)		(9,404	)		(13,774	)
Investment in other long-term assets, net		(53	)		(16	)		(53	)		(100	)
Proceeds from (investment in) bank deposits, net		29,586			4,063			31,295			(33,824	)
Proceeds from sale, redemption of and purchase of available-for-sale marketable securities ,net		(1,079	)		4,621			6,521			40,845
Net cash provided by (used in) investing activities		27,121			5,612			28,359			(6,853	)
Cash flows from financing activities:
Proceeds from exercise of stock options		1,253			175			1,583			8,746
Excess tax benefit from stock-based compensation		(605	)		(58	)		(679	)		632
Repurchase of shares		(10,268	)		(8,389	)		(21,980	)		(52,896	)
Net cash used in financing activities		(9,620	)		(8,272	)		(21,076	)		(43,518	)
Increase (decrease) in cash and cash equivalents		40,781			12,989			45,895			(11,235	)
Cash and cash equivalents at the beginning of the period		38,858			20,755			33,744			44,979
Cash and cash equivalents at the end of the period		79,639			33,744			79,639			33,744