WallStSmart

Radware Ltd (RDWR)vsTurtle Beach Corporation (TBCH)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Radware Ltd generates 4% more annual revenue ($309.64M vs $298.19M). RDWR leads profitability with a 6.3% profit margin vs 0.4%. TBCH appears more attractively valued with a PEG of 0.98. TBCH earns a higher WallStSmart Score of 43/100 (D).

RDWR

Hold

38

out of 100

Grade: F

Growth: 4.0Profit: 4.5Value: 4.0Quality: 7.0
Piotroski: 4/9Altman Z: 1.95

TBCH

Hold

43

out of 100

Grade: D

Growth: 4.0Profit: 3.5Value: 5.0Quality: 7.0
Piotroski: 5/9Altman Z: 1.92
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

RDWRUndervalued (+18.2%)

Margin of Safety

+18.2%

Fair Value

$33.86

Current Price

$23.35

$10.51 discount

UndervaluedFair: $33.86Overvalued

Intrinsic value data unavailable for TBCH.

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

RDWR1 strengths · Avg: 10.0/10
Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

TBCH2 strengths · Avg: 8.0/10
PEG RatioValuation
0.988/10

Growing faster than its price suggests

Price/BookValuation
2.1x8/10

Reasonable price relative to book value

Areas to Watch

RDWR4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.954/10

Grey zone — moderate risk

Market CapQuality
$1.24B3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.4%3/10

ROE of 5.4% — below average capital efficiency

Profit MarginProfitability
6.3%3/10

6.3% margin — thin

TBCH4 concerns · Avg: 3.3/10
Altman Z-ScoreHealth
1.924/10

Grey zone — moderate risk

Market CapQuality
$258.21M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
1.1%3/10

ROE of 1.1% — below average capital efficiency

Profit MarginProfitability
0.4%3/10

0.4% margin — thin

Comparative Analysis Report

WallStSmart Research

Bull Case : RDWR

The strongest argument for RDWR centers on Debt/Equity. Revenue growth of 10.7% demonstrates continued momentum.

Bull Case : TBCH

The strongest argument for TBCH centers on PEG Ratio, Price/Book. PEG of 0.98 suggests the stock is reasonably priced for its growth.

Bear Case : RDWR

The primary concerns for RDWR are Altman Z-Score, Market Cap, Return on Equity. A P/E of 67.1x leaves little room for execution misses.

Bear Case : TBCH

The primary concerns for TBCH are Altman Z-Score, Market Cap, Return on Equity. A P/E of 650.5x leaves little room for execution misses. Thin 0.4% margins leave little buffer for downturns.

Key Dynamics to Monitor

TBCH carries more volatility with a beta of 2.28 — expect wider price swings.

RDWR is growing revenue faster at 10.7% — sustainability is the question.

TBCH generates stronger free cash flow (29M), providing more financial flexibility.

Monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

TBCH scores higher overall (43/100 vs 38/100). RDWR offers better value entry with a 18.2% margin of safety. Both earn "Hold" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Radware Ltd

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Radware Ltd. develops, manufactures and markets cybersecurity and application delivery solutions for applications in physical, virtual, cloud and software-defined data centers globally. The company is headquartered in Tel Aviv, Israel.

Turtle Beach Corporation

TECHNOLOGY · CONSUMER ELECTRONICS · USA

Turtle Beach Corporation is an audio technology company in North America, Europe, the Middle East, and the Asia Pacific. The company is headquartered in White Plains, New York.

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