Core Insights - Akamai has introduced new video workflow capabilities aimed at providing media companies with greater choice and control over their video delivery processes, addressing frustrations with centralized cloud models [1][4] - The company emphasizes an open platform that allows media companies to select their preferred workflow components, avoiding vendor lock-in and associated costs [2][4] Industry Trends - A significant portion of media and entertainment businesses (73%) are considering moving away from large, legacy cloud providers due to cost pressures, indicating a shift towards more portable, cloud-native solutions [3] - A Forrester Consulting study revealed that 75% of respondents find it critical to have flexibility in deploying compute resources closer to end users while maintaining central management [3] Company Developments - Akamai's distributed cloud platform now supports multicloud architectures, enabling customers to leverage various products and services without vendor lock-in, thus enhancing their cloud service usage as they grow [4] - The company has integrated NVIDIA-based GPUs into its cloud solutions, enhancing the efficiency and cost-effectiveness of media and entertainment companies in building scalable architectures [5] Event Participation - Akamai is showcasing its cloud-based media delivery, computing, and security capabilities at IBC 2024 in Amsterdam from September 13-16, providing an opportunity for industry stakeholders to engage with its offerings [6]

Akamai Technologies (AKAM) closed the most recent trading day at $97.30, moving +0.66% from the previous trading session. This move lagged the S&P 500's daily gain of 0.75%. Elsewhere, the Dow saw an upswing of 0.58%, while the tech-heavy Nasdaq appreciated by 1%.Shares of the cloud services provider have depreciated by 3.08% over the course of the past month, underperforming the Computer and Technology sector's gain of 2.48% and the S&P 500's gain of 4.03%.The investment community will be closely monitorin ...

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each assessing different investment characteristics [2][3][4] - Value Score focuses on identifying undervalued stocks using financial ratios [2] - Growth Score evaluates a company's future earnings and financial health to find sustainable growth opportunities [3] - Momentum Score identifies trends in stock prices and earnings estimates to optimize entry points for investments [3] - VGM Score combines all three Style Scores to highlight stocks with the best overall potential [4] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide stock selection, with 1 (Strong Buy) stocks historically yielding an average annual return of +25.41% since 1988 [5] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [6] Company Spotlight: Akamai Technologies (AKAM) - Akamai Technologies holds a Zacks Rank of 3 (Hold) and a VGM Score of B, making it a potential candidate for growth investors [7] - The company is projected to achieve year-over-year earnings growth of 3.7% for the current fiscal year, with upward revisions in earnings estimates from nine analysts [7] - The Zacks Consensus Estimate for AKAM has increased by $0.16 to $6.43 per share, with an average earnings surprise of 4.7% [7]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium includes access to the Zacks Style Scores as well.What are the Zacks Style Scores?Dev ...

Report states: "We're living in the golden age of microsegmentation"CAMBRIDGE, Mass., Aug. 28, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced it was named a Leader in The Forrester Wave™: Microsegmentation Solutions, Q3 2024 report. Forrester evaluated 11 total vendors in the microsegmentation space based on 23 criteria grouped by current offering, strategy, and market presence. Akamai received the highest scores possibl ...

Akamai Technologies TodayAKAMAkamai Technologies$101.31 +0.32 (+0.32%) 52-Week Range$87.59▼$129.17P/E Ratio25.20Price Target$116.00Add to WatchlistAkamai Technologies Inc. NASDAQ: AKAM is a leading content delivery network (CDN) that provides cloud security and edge computing solutions. It is the largest distributed cloud computing platform in the world. Its backbone network consists of more than 4,100 edge point-of-presences (PoPs) and over 365,000 servers in over 135 countries. Edge PoPs cache content clo ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?Developed ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

Akamai Technologies, Inc. (AKAM) , a global provider of content delivery network and cloud infrastructure services, reported better-than-expected second-quarter results. Non-GAAP earnings of $1.58 per share surpassed the Zacks Consensus Estimate by 4 cents.Revenues improved 5% year over year to $979.58 million, surpassing the Zacks Consensus Estimate by $3 million. Growing customer engagement in the Security and Compute portfolio across various end markets primarily drove the outperformance. Integration of ...

Key TakeawaysAkamai Technologies shares surged more than 10% on Friday after the cloud services company reported strong earnings and lifted its profit outlook amid robust demand for its computing and security offerings.The share price broke out from an inverse head and shoulders pattern following the company's better-than-expected quarterly results.Important post-earnings price levels on Akamai's chart to monitor include $102, $109, $113, and $120, all areas where the stock may encounter overhead resistance ...