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The 3 Best Edge Computing Stocks to Buy in August 2024
Investor Place· 2024-08-07 10:07
Finding the best edge computing stocks often relies on seeing which company has the most successful specialized application of the technology. For example, the term edge computing can refer to cloud computing provided at the physical edges of a network, or it can refer to 5G networks that connect an internal network to a private server for off-site calculations.As such, investors should carefully consider the details of these niche applications, as not every company offering edge computing services is guara ...
Will Healthy Revenue Growth Boost Akamai's (AKAM) Q2 Earnings?
ZACKS· 2024-08-06 18:05
Akamai Technologies, Inc. (AKAM) is scheduled to release second-quarter 2024 results on Aug 8, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 1.86%. It pulled off a trailing four-quarter earnings surprise of 5.44%, on average. The company is expected to report higher revenues year over year, backed by healthy demand in security and compute verticals. Management’s focus on expanding its portfolio to cater to advanced use cases is a tailwind.Factors at Play ...
7 Cybersecurity Stocks That May Thrive in the Digital Age
Investor Place· 2024-08-06 10:31
The new digital age for cybersecurity stocks to me is reflective of a number of long-term trends that could reshape the industry. One of the significant trends is the growing usage of artificial intelligence and machine learning in cybersecurity. These technologies are transforming methods of detecting and combating threats through the processing of large amounts of information and the recognition of suspicious patterns. Another factor that is likely to create more opportunities and threats is quantum compu ...
Akamai and Datadog Partner to Detect, Investigate, and Respond to Threats Across Applications and Workloads
Prnewswire· 2024-08-06 10:00
Companies combine security information and event management (SIEM) technology with Zero Trust solutions to help increase enterprises' overall security posture.CAMBRIDGE, Mass., Aug. 6, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced a partnership with Datadog, the monitoring and security platform for cloud applications, that will enable organizations to integrate Datadog Cloud SIEM with Zero Trust solutions Akamai Enterpr ...
Akamai Technologies (AKAM) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2024-07-31 23:15
The most recent trading session ended with Akamai Technologies (AKAM) standing at $98.28, reflecting a +0.41% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.08% for the day. On the other hand, the Dow registered a gain of 0.75%, and the technology-centric Nasdaq increased by 2.64%.Shares of the cloud services provider have appreciated by 7.77% over the course of the past month, outperforming the Computer and Technology sector's loss of 5.77% ...
Akamai Announces Intent to Achieve FedRAMP High and DoD Impact Levels 4 and 5 Accreditations
Prnewswire· 2024-07-31 10:00
Accreditations address requirements to serve federal entities that demand elevated security and complianceCAMBRIDGE, Mass., July 31, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced its intent to achieve the Federal Risk and Authorization Management Program (FedRAMP) High accreditation for its comprehensive portfolio of services through an initiative called Defense Edge. In addition, Akamai will also pursue the U.S. Depart ...
Security And Compute In Focus As Akamai Reports Q2 Earnings
Forbes· 2024-07-31 09:00
Toronto , Canada - 28 June 2023; Tom Leighton, Co-founder & CEO, Akamai Technologies, on FullSTK ... [+] stage during day two of Collision 2023 at Enercare Centre in Toronto, Canada. (Photo By Ramsey Cardy/Sportsfile for Collision via Getty Images)Sportsfile via Getty ImagesAkamai is slated to report its Q2 FY’24 results on August 8. We estimate that Akamai’s revenue will come in at about $980 million for the quarter, slightly ahead of consensus estimates and 4.5% higher compared to last year. We estimate t ...
Akamai Research: Web Attacks Targeting Applications and APIs Up by 49% in the Last Year
Prnewswire· 2024-07-30 10:32
Akamai recorded more than 26 billion application and API attacks in June 2024CAMBRIDGE, Mass., July 30, 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 how growth in demand for applications and APIs has transformed them into lucrative targets for threat actors. In Digital Fortresses Under Siege: Threats to Modern Application Architectures, Akamai notes that it observed m ...
Analyst Delivers Bull Note on Akamai Delivery Praise
Schaeffers Investment Research· 2024-07-29 14:14
Akamai Technologies, Inc. (NASDAQ:AKAM) is 0.9% higher at $97.87 at last look, after Guggenheim upgraded shares to "buy" from "neutral." The analyst also hiked its price target to $128, a 32% premium to Friday's close, citing the cloud company's leadership in the content delivery network business as the main catalyst for its bull note.AKAM opened today's session at $98.95,and bounced back above its 100-day moving average that has acted as pressure since mid-February. Winning four of the last five weeks, the ...
Akamai (AKAM), Yospace Unite to Enhance Video Content Delivery
ZACKS· 2024-07-24 16:25
Akamai Technologies, Inc. (AKAM) has made a significant step in the digital content delivery industry by integrating Yospace into its Qualified Compute Partner Program. This strategic partnership with Yospace is set to bolster Akamai's ability to deliver personalized, high-quality content leveraging the former's expertise in server-side ad insertion technology.The Qualified Compute Partner Program is designed to offer Akamai’s customers seamless access to solution-based services that integrate smoothly with ...