New service can help customers accelerate Zero Trust implementationsCAMBRIDGE, Mass., Oct. 15, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced a collaboration with Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, to deliver Micro-Segmentation Implementation Services with Akamai Guardicore Segmentation.As network boundaries continue to shift and expand, and malicious attacks grow in sophisticati ...

Investors interested in Internet - Services stocks are likely familiar with Akamai Technologies (AKAM) and The Trade Desk (TTD) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on e ...

Akamai Technologies, Inc. (AKAM) recently launched a state-of-the-art native connector that integrates Akamai API Security with Akamai Connected Cloud. This strategic enhancement is designed to streamline the discovery and protection of APIs, allowing customers to send their Akamai Connected Cloud traffic directly to API Security for thorough analysis and swift threat mitigation.Reasons Behind the AKAM Product LaunchWith the rapid adoption of cloud computing, security has become a major concern for enterpri ...

Integration improves the protection of APIs by connecting to Akamai Connected CloudCAMBRIDGE, Mass., Oct. 1, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced a new native connector between Akamai API Security and Akamai Connected Cloud. This integration simplifies and accelerates the discovery and protection of APIs by enabling customers to send a copy of their Akamai Connected Cloud traffic directly to API Security for an ...

Company Performance - Akamai Technologies (AKAM) closed at $100.11, with a daily gain of +0.47%, outperforming the S&P 500's gain of 0.4% [1] - Over the past month, Akamai's shares declined by 0.44%, underperforming the Computer and Technology sector's gain of 0.91% and the S&P 500's gain of 1.71% [1] - The upcoming earnings report is expected to show an EPS of $1.59, reflecting a 2.45% decline year-over-year, while revenue is projected at $1 billion, indicating a 3.62% increase [1] Earnings Estimates - For the full year, Zacks Consensus Estimates project earnings of $6.43 per share and revenue of $4 billion, representing increases of +3.71% and +4.84% respectively from the previous year [2] - Recent analyst estimate revisions suggest a favorable outlook on Akamai's business health and profitability [2] - The consensus EPS projection has increased by 0.26% in the past 30 days, with Akamai currently holding a Zacks Rank of 3 (Hold) [3] Valuation Metrics - Akamai Technologies has a Forward P/E ratio of 15.51, significantly lower than the industry average of 30.63, indicating a discount relative to its peers [3] - The company has a PEG ratio of 2.2, compared to the Internet - Services industry's average PEG ratio of 1.9, suggesting a higher expected earnings growth rate relative to its valuation [3] Industry Context - The Internet - Services industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 137, placing it in the bottom 46% of over 250 industries [4] - The Zacks Industry Rank assesses the performance potential of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [4]

Core View - The analyst initially recommended a buy rating for Akamai Technologies (NASDAQ: AKAM) earlier this year, expecting growth to accelerate back to high single-digits [1] - The timing of the recommendation appears to have been incorrect as the expected growth acceleration did not materialize [1] Investment Criteria - An ideal investment is considered to be one that operates in a sector projected to experience structural (organic) growth exceeding GDP growth over the next 5-10 years [1] - The investment should profit from sustainable competitive advantages that translate into attractive unit economics [1] - The company should be managed by competent, ethical, and long-term thinkers [1] - The investment should have a fair valuation [1] Disclosure - The analyst has no stock, option, or similar derivative position in any of the companies mentioned and no plans to initiate any such positions within the next 72 hours [1] - The article expresses the analyst's own opinions and is not receiving compensation for it (other than from Seeking Alpha) [1] - The analyst has no business relationship with any company whose stock is mentioned in the article [1]

Report Cites Akamai's Breadth of Security, Availability and Compliance Requirements for Modern Digital BusinessesCAMBRIDGE, Mass., Sept. 17, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced that it has been named a Leader in the IDC MarketScape: Web Application and API Protection (WAAP) 2024 Vendor Assessment (Doc #US51795524, September 2024). The IDC MarketScape noted, "Overall, the Akamai WAAP solution addresses a breadt ...

Financial services is also most at risk for phishing and brand impersonation CAMBRIDGE, Mass., Sept. 17, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today released a new State of the Internet (SOTI) report that shows financial services remains the most frequently targeted industry by Layers 3 and 4 distributed denial-of-service (DDoS) attacks for the second consecutive year.  Navigating the Rising Tide: Attack Trends in Financial Ser ...

Group 1: Company Developments - Akamai Technologies, Inc. (AKAM) introduced advanced video workflow capabilities at the IBC convention 2024, enhancing flexibility and control for media companies over their content delivery chain [1] - AKAM's media services are utilized by major video streaming services, providing solutions for various aspects of content management including preparation, processing, and digital rights management [1] - Earlier in the year, AKAM integrated NVIDIA-based GPUs into its cloud portfolio to create a more affordable and resilient media delivery system that is scalable, fast, and reliable [1] Group 2: Industry Trends - Enterprises are increasingly deploying compute resources closer to end users to reduce latency and improve application performance, leading to a shift away from traditional centralized cloud setups [2] - A survey commissioned by Akamai in 2023 indicated that media companies are looking to replace large, legacy cloud providers with more portable and flexible cloud-based setups due to concerns over rigidity and high costs [2] Group 3: Competitive Landscape - The trend of moving towards portable, scalable cloud-native architectures is expected to enhance the prospects for AKAM's globally distributed cloud platform, although competition in the cloud, content delivery network, and security sectors remains a concern [4] - AKAM's open and distributed cloud platform supports multi-cloud architecture, providing clients with control over their media workflow ecosystem and access to a diverse third-party network [3] Group 4: Stock Performance - AKAM's stock has declined by 6.7% over the past year, contrasting with the industry's growth of 14% [5] - Currently, AKAM holds a Zacks Rank of 3 (Hold), indicating a neutral outlook compared to other companies in the sector [6]

Continues longstanding commitment to developing and advancing standards and organizations critical to web and internet operationsAMSTERDAM, Sept. 13, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that it has joined the Streaming Video Technology Alliance (SVTA) as a Principal Member. The announcement follows the formal merger of DASH Industry Forum (DASH-IF) and the SVTA.Akamai has a well-established philosophy of contributing to, champio ...