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 ...

Acquisition Overview - Akamai Technologies, Inc. has completed the acquisition of select assets from the bankrupt media firm Edgio Inc, which includes customer contracts and non-exclusive license rights to patents, but excludes Edgio personnel and network-related assets [1][2] Financial Impact - The acquisition is expected to generate incremental revenues of $9-$11 million in Q4 2024, despite transition service costs of $15-$17 million, leading to a dilutive effect on non-GAAP earnings by 3-5 cents in the same quarter [4] - For 2025, Akamai anticipates revenues from the transaction to be between $80-$100 million, with transition service costs of $25-$30 million, resulting in an accretive non-GAAP net income of 15-20 cents per share [5] Customer and Service Expansion - The deal is expected to provide Akamai with hundreds of new customers, enhancing its revenue-generating capabilities and allowing these customers immediate access to Akamai's full portfolio of cybersecurity and cloud computing services [3][5] Market Trends and Strategic Initiatives - Akamai's security offerings are set to benefit from increased demand for data computing at the edge, driven by the rapid deployment of 5G and IoT devices [6] - The company is leveraging AI capabilities in its API security solutions to analyze APIs, detect vulnerabilities, and minimize risks, which is expected to drive commercial expansion and long-term benefits [6]

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 ...

CAMBRIDGE, Mass., Nov. 15, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it is the winning bidder to acquire select assets from Edgio, including customer contracts from Edgio's businesses in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio. No assets related to the Edgio network would be acquired as part of the bid. Pursuant to Edgio's filing for Chapter 11 ...

Akamai Technologies, Inc. (NASDAQ: AKAM ) recently reported its Q3 earnings , so I wanted to go through the numbers in a bit more detail and give some comments on the company's outlook and why I am still not invested. TheMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to tim ...