Third quarter revenue of $1.005 billion, up 4% year-over-year and when adjusted for foreign exchange*Security and compute revenue represented 68% of total revenue in the third quarter and combined grew 17% year-over-year and when adjusted for foreign exchange*CAMBRIDGE, Mass., Nov. 7, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today reported financial results for the third quarter ended September 30, ...

Akamai Technologies, Inc. (AKAM) is scheduled to release third-quarter 2024 results on Nov. 7, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 2.6%. AKAM pulled off a trailing four-quarter earnings surprise of 4.68%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company is expected to report higher year-over-year revenues, backed by healthy demand in security and compute verticals. Management’s focus on expanding i ...

Akamai Technologies (AKAM) ended the recent trading session at $101.85, demonstrating a -1.08% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.33% for the day. Elsewhere, the Dow lost 0.22%, while the tech-heavy Nasdaq lost 0.56%.Shares of the cloud services provider witnessed a gain of 3.15% over the previous month, beating the performance of the Computer and Technology sector with its gain of 2.83% and the S&P 500's gain of 1.83%.Analysts and ...

New real-time capabilities provide businesses with granular control and security across entire user account lifecycleCAMBRIDGE, Mass., Oct. 29, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today launched new capabilities to its Account Protector security solution. These enhancements are designed to safeguard user accounts against abuse throughout their entire lifecycle and provide advanced protection against account opening abuse, acc ...

Company Performance - Akamai Technologies (AKAM) closed at $102.80, with a slight increase of +0.08% from the previous session, underperforming the S&P 500's gain of 0.22% [1] - The stock has increased by 3.09% over the past month, outperforming the Computer and Technology sector's gain of 2.29% and the S&P 500's gain of 1.47% [1] - The upcoming earnings report is scheduled for November 7, 2024, with an expected 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, the Zacks Consensus Estimates project earnings of $6.43 per share and revenue of $4 billion, representing increases of +3.71% and +4.84% from the prior year [2] - Recent changes to analyst estimates indicate a positive outlook for Akamai Technologies, as upward revisions suggest confidence in the company's profitability [2] Valuation Metrics - Akamai Technologies has a Zacks Rank of 2 (Buy), with a Forward P/E ratio of 15.99, which is a discount compared to the industry's average Forward P/E of 35.45 [3] - The company has a PEG ratio of 2.26, aligning with the average PEG ratio of the Internet - Services industry [3] Industry Overview - The Internet - Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 63, placing it in the top 25% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

The most recent trading session ended with Akamai Technologies (AKAM) standing at $106.67, reflecting a +1.85% shift from the previouse trading day's closing. The stock exceeded the S&P 500, which registered a gain of 0.4% for the day. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.63%.The cloud services provider's shares have seen an increase of 5.32% over the last month, surpassing the Computer and Technology sector's gain of 4.88% and the S&P 500's gain of 3.76%.Analysts and ...

CAMBRIDGE, Mass., Oct. 17, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that APIContext is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). APIContext is providing advanced API performance monitoring and compliance testing solutions. As an ISV in the Akamai Qualified Compute Partner Program, APIContext will empower enterprises to ensure continuous API ...

New solution leverages machine learning and global intelligence to enhance robust detection and mitigation capabilities against application-layer DDoS attacksCAMBRIDGE, Mass., Oct. 16, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Behavioral DDoS Engine for its App & API Protector solution. This new capability leverages machine learning for automatic, proactive protection against application-layer DD ...

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 ...