Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ASGN (ASGN) provides IT and professional services in the technology, digital, creative, engineering and life sciences fields across commercial and government sectors. The Zacks Consensus Estimate for its current year earnings has been revised 8.8% downward over the last 60 days.Akamai Technologies (AKAM) is a global provider of content delivery network (CDN) and cloud infrastructure services. The Zacks Consensus Estimate for its curre ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:ARMOUR Residential REIT, Inc. (ARR) is a real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 18.6% downward over the last 60 days.Akamai Technologies, Inc. (AKAM) is a cloud services provider. The Zacks Consensus Estimate for its current year earnings has been revised 6.5% downward over the last 60 days.Americas Gold and Silver Corporation (USAS) is a mining company.The Zacks Conse ...

CEOs and Other Insiders Are Buying Shares of These 7 Stocks Veronika Ryabova / iStock via Getty Images 24/7 InsightsAs earnings-reporting season winds down, more insiders are free to buy and sell their own stocks.CEOs and others have lately been acquiring shares following quarterly reports.With the earnings-reporting season winding down, the windows for making insider purchases are opening up. In the past week, chief executives and other insiders have been scooping up shares in the wake of quarterly repor ...

Akamai Technologies Inc. (AKAM) recently announced that EZDRM Inc. has opted to join the Akamai Qualified Compute Partner Program. The program allows its technology partners to operate their applications on the Akamai Connected Cloud, providing customers with advanced, interoperable solutions.Currently, the platform hosts several technology partners offering applications such as data analytics & observability, databases, media services, digital asset management and more. The services are available for Akama ...

CAMBRIDGE, Mass., May 16, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that EZDRM, Inc. is the latest organization to join the Akamai Qualified Compute Partner Program. EZDRM is offering an Akamai Connected Cloud–native configuration of its digital rights management as a service (DRMaaS) solution to operate in very close conjunction with edge encoders and packagers that help drive low-latency streaming services.As an A ...

Key TakeawaysThe S&P 500 was little changed, adding 0.2% on Friday, May 10, 2024, as data showed a steep drop in consumer sentiment in May.Shares of Mettler Toledo soared after the precision instrument maker beat quarterly estimates, driven by strength in its laboratory segment.Software infrastructure firm Akamai Technologies issued lackluster guidance, citing slower online traffic growth, and its shares tumbled. Major U.S. equities indexes were mixed on Friday after the latest data from the University of M ...

Akamai Technologies, Inc. (AKAM) reported modest first-quarter 2024 results, with the bottom line surpassing the Zacks Consensus Estimate but the top line missing the same. The company recorded a top-line expansion year over year, driven by solid momentum in security and compute verticals in multiple end markets. The planned buyout of Noname Security will significantly boost Akamai’s API security portfolio and enhance prospects.Net IncomeGAAP net income improved to $175.4 million or $1.11 per share from $97 ...

Akamai Technologies Inc (NASDAQ: AKAM) needs to merge with the likes of Cloudflare or Fastly, as per Jim Cramer. Shares of the Cambridge-headquartered firm are down 8.0% on Friday.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.Cramer shares view on Akamai Technologies Copy link to sectionThe Mad Money host was all praise for the cybersecurity unit of $AKAM on CNBC’s “Squawk Box” today.  But its content delivery network, he added, is “old fashioned” a ...

Key TakeawaysShares of Akamai Technologies fell sharply in premarket trading Friday morning after the software infrastructure company's current-quarter and full-year guidance came in below Street expectations.The company said its outlook reflects a stronger dollar, a large social media customer rationalizing costs, and slowing traffic growth across the industry.Monitor an area on the chart between $89 and $94, where the price may find buying interest in a zone of support from prior price action between Nove ...

Financial Data and Key Metrics Changes - First quarter revenue reached $987 million, an increase of 8% year-over-year in both reported and constant currency [7][28] - Non-GAAP operating margin was 30%, and non-GAAP earnings per share were $1.64, up 17% year-over-year [7][30] - Security and cloud computing combined revenue grew 22% year-over-year, now representing almost two-thirds of total revenue [7][28] Business Line Data and Key Metrics Changes - Security revenue grew 21% year-over-year to $491 million, driven by strong demand for Guardicore Segmentation Solution [8][29] - Compute revenue was $145 million, up 25% year-over-year, with over 200 enterprise customers using cloud computing solutions [28][30] - Delivery revenue declined 11% year-over-year to $352 million, attributed to slowing traffic growth and a large social media customer optimizing costs [21][29] Market Data and Key Metrics Changes - International revenue was $475 million, up 7% year-over-year, representing 48% of total revenue [30] - The U.S. dollar's strength is expected to negatively impact revenue by approximately $40 million for the full year 2024 [24] Company Strategy and Development Direction - The company is focusing on leveraging its delivery product line's cash flow to invest in faster-growing security and cloud computing portfolios [7][21] - The planned acquisition of Noname Security is expected to enhance the company's API security offerings and accelerate growth in this segment [12][32] Management's Comments on Operating Environment and Future Outlook - Management acknowledged industry headwinds affecting the delivery product line and expressed optimism about the growth potential in security and compute [7][21] - The company expects delivery revenue to decline at a higher rate this year due to lower traffic and customer optimizations [25][27] Other Important Information - The company has authorized a new buyback program of up to $2 billion, effective through June 2027 [31][32] - The acquisition of Noname Security is expected to close in June and contribute approximately $20 million in revenue for the full year [33] Q&A Session Summary Question: Update on delivery renewals and guidance - Management confirmed that renewals are proceeding as planned, with pricing expectations met, but traffic volume is lower than usual [41] Question: Impact of lower volume on compute growth - Management indicated that while large customers are experiencing lower volumes, compute capabilities are being utilized effectively by major media companies [44] Question: Margin guidance and factors affecting it - Management explained that margin guidance was lowered due to lower delivery revenue and foreign exchange impacts, with no structural changes anticipated [46][48] Question: Confidence in traffic recovery for delivery business - Management expressed cautious optimism, noting that traffic levels are currently lower than expected but have historically recovered [60][62] Question: Details on the Noname acquisition - Management highlighted Noname's market leadership and complementary capabilities, expecting significant synergies post-acquisition [54][70] Question: Delivery business pricing and traffic growth - Management clarified that the decline in delivery revenue is primarily due to lower traffic rather than pricing issues [102] Question: Future outlook for compute business and CapEx - Management expects continued growth in the compute business, with a focus on maintaining low CapEx as a percentage of revenue [106]