CAMBRIDGE, Mass., Jan. 6, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that the company will hold a conference call for investors on Thursday, February 20, 2025, at 4:30 p.m. ET. The call will include the company's fourth quarter and full-year 2024 financial results and may include forward-looking financial guidance from management. The call will also be broadcast live via the internet a ...

The most recent trading session ended with Akamai Technologies (AKAM) standing at $93.56, reflecting a -1.95% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.26%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.77%.The the stock of cloud services provider has fallen by 2.03% in the past month, lagging the Computer and Technology sector's gain of 0.84% and overreaching the S&P 500's loss of 2.82%.The investment comm ...

The technology sector stocks have largely led a bull run and outperformed the S&P 500 index in 2024. The steady decline in the inflation rate since early 2024, the relatively low unemployment rate and consumers’ resilience in some end markets were positive factors driving the growth. Investors have increasingly favored companies with a strong focus on AI advancements.Despite an overall positive picture, some companies were not able to capitalize on this favorable trend. Global macroeconomic uncertainty, ris ...

Akamai is recognized by top industry influencers CAMBRIDGE, Mass., Dec. 18, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cyber security and cloud computing company that protects business online, today announced that its API Security solution has been recognized as a market leader by several independent outlets. Three industry awards and a leading position in a top analyst report validate Akamai's commitment to providing the best products to combat the increasing threat of breaches resu ...

Akamai Technologies, Inc. (AKAM) has completed the acquisition of select assets of the bankrupt media firm Edgio Inc. The acquired asset portfolio includes certain customer contracts from Edgio's content delivery and security businesses and the non-exclusive license rights to its patents. However, the deal excluded the buyout of Edgio personnel, technology or assets related to the network.The completion of the buyout deal was made possible following the requisite approval last month from the U.S. Bankruptcy ...

CAMBRIDGE, Mass., Dec. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers business online, today announced it has completed its acquisition of select assets from Edgio, including certain customer contracts from Edgio's businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio. On Nov. 26, 2024, the U.S. Bankruptcy Court for the District of Delaware approved Akamai's bid to acquire th ...

Cloud companies are shining today, after a slew of analyst attention. Cloudflare Inc (NYSE:NET) stock scored an upgrade from Morgan Stanley to "overweight" from "equal weight" earlier, as well as a price-target hike to $130 from $92. The firm called the company "one of the most compelling secular stories” within the sector and added it could sustain revenue growth in the years ahead. Oppenheimer upgraded peers Akamai Technologies, Inc. (NASDAQ:AKAM) and Fastly Inc (NYSE:FSLY) to "outperform" from "perform." ...

CAMBRIDGE, Mass., Nov. 26, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced that the U.S. Bankruptcy Court for the District of Delaware has approved its bid to acquire select assets from Edgio, including certain customer contracts from Edgio's businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio. The transaction does not include the acquisit ...

Akamai Technologies, Inc. (AKAM) recently announced the expansion of its industry-leading Akamai Guardicore Segmentation and Enterprise Application Access solutions to further improve the performance, security and scalability of cloud environments. This is likely to support agentless enforcement for cloud-native resources in Amazon Web Services (“AWS”), the cloud computing services of Amazon.com, Inc. (AMZN) .Key Features of AKAM’s Upgraded Guardicore SegmentationThe latest version of Akamai Guardicore Segm ...

Akamai continues to demonstrate its commitment to helping customers achieve their Zero Trust goalsCAMBRIDGE, Mass., Nov. 19, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced that it is extending its industry-leading segmentation solution, Akamai Guardicore Segmentation, to support agentless enforcement for cloud native resources in Amazon Web Services (AWS), further expanding its existing ca ...