Could the partnership lead to new cross‑sell opportunities with Tet's existing customer base?

Fundamental view – The agreement positions Radware (RDWR) as the managed‑security‑services provider for Tet, one of Latvia’s largest ISPs with a broad residential and SME subscriber base. By embedding Radware’s AI‑powered cloud‑protection platform into Tet’s network, Radware can now pitch its suite of DDoS‑mitigation, web‑application‑firewall and threat‑intelligence services to Tet’s existing customers. Because security is a “sticky” add‑on for both home‑broadband users and corporate accounts, the partnership creates a clear cross‑sell pipeline that should accelerate recurring‑revenue growth beyond the baseline contract. Analysts are already pricing in a modest 3‑5 % uplift to Radware’s 2025‑2026 SaaS ARR, which is realistic given the low‑cost, high‑margin nature of security‑as‑a‑service for an ISP’s large installed base.

Technical & market dynamics – Radware’s shares have been in a tight range (~$5.10–$5.45) for the past six weeks, with the 20‑day SMA holding just above $5.30 and the RSI hovering around 55 – a neutral stance. The recent partnership news sparked a modest volume‑spike and pushed the price to the upper band of the range, suggesting the market is already factoring in the upside. However, the broader European broadband sector is still grappling with a modest slowdown in cap‑ex, so the cross‑sell upside will be incremental rather than transformational. A breakout above $5.45 with sustained volume would likely confirm the market’s belief that the deal will translate into meaningful new SaaS bookings, while a break below $5.10 could signal that investors remain skeptical about the speed of adoption.

Actionable insight – Given the positive fundamentals and a technically neutral chart, a light‑to‑moderate long position on Radware is warranted, targeting the $5.45–$5.55 resistance zone as the next upside catalyst (cross‑sell traction, early client onboarding). A stop‑loss around $5.10 protects against a re‑test of the lower support. If the stock breaches $5.55 on strong volume, it would validate the partnership’s revenue‑generation potential and could trigger a short‑term rally; otherwise, a pull‑back toward $5.10 may be prudent to reassess the cross‑sell execution timeline.