Radware Ltd.'s stock surged 5.85% in pre-market trading on Wednesday, following the company's impressive fourth-quarter earnings report that exceeded analysts' expectations.

The network management software maker reported adjusted earnings of $0.27 per share for the quarter, beating the consensus estimate of $0.24 by a significant margin. Radware's revenue also climbed 12.3% year-over-year to $73.03 million, surpassing Wall Street's projection of $71.39 million.

The strong financial performance was fueled by robust demand for Radware's products and services across various markets, as the company continues to capitalize on emerging trends in network security and traffic management. Analysts praised the company's ability to gain market share and deliver solid revenue growth, driving shares higher in anticipation of continued profitability in the coming quarters.