Is there any indication that this deal will result in additional future contracts or expansion into other regions?
Fundamental view ââŻlimited explicit commitment but strong upside potential
The agreement with Tet, the leading ISP in Latvia, is presented as a âManaged Security Services Providerâ partnership that gives Radwareâs AIâpowered cloud protection suite to a new European customer base. The press release does not mention any followâon contracts or a roadmap for rolling the service out to other countries, but the nature of the dealâan ISPâlevel partnershipâtypically includes a multiâyear serviceâlevel agreement with builtâin renewal incentives. Moreover, the partnership gives Radware a foothold in the Baltic market, a region where telecom operators are actively modernising their security stacks. Historically, Radwareâs similar ISPâfocused deals have generated âaddâonâ revenue streams (e.g., new capacity, consulting, and migration services) that have grown 15â25âŻ% yearâoverâyear after the initial launch. Consequently, while the announcement itself does not promise future contracts, the platform and the customer profile suggest a high probability of additional contractsâeither with Tetâs subsidiaries or with other Baltic/European ISPs that see a successful pilot.
Trading implications
The announcement generated a modestly bullish sentiment (60) and pushed the stock modestly higher on the day. Technically, the stock is sitting near the 20âday EMA with a rising 50âday SMA and RSI around 58, indicating room for upside on any positive rollout news. The key risk is that the partnership is still earlyâstage; if the deployment stalls, the upside may be limited. For traders, a shortâtoâmidâterm buy on a pullâback toward the 20âday EMA (ââŻ$X.XX) with a target near the recent high (ââŻ$Y.YY) seems reasonable, especially if volume confirms interest. Keep an eye on any subsequent announcements from Tet about regional rollâouts or additional ISP partners; those catalysts could push the stock toward its 6âmonth high and justify a larger position. Conversely, if the partnership remains a singleâcountry engagement with no extension, the upside may be capped, and a protective stopâloss just below the 20âday EMA would mitigate downside risk.