Welcome to our dedicated page for Akamai Technologies news (Ticker: AKAM), a resource for investors and traders seeking the latest updates and insights on Akamai Technologies stock.
Akamai Technologies Inc. (NASDAQ: AKAM), based in Cambridge, Mass., operates one of the world's largest and most recognized cloud platforms. The company’s core services include content delivery network (CDN), cloud security, and edge computing solutions. Akamai's extensive infrastructure includes over 325,000 servers distributed across more than 1,000 cities globally, ensuring that content is delivered with superior speed, security, and reliability.
One of Akamai's standout offerings is the Akamai Intelligent Platform™, which enables businesses to securely deliver high-performing user experiences on any device, anywhere. This platform is integral to the company's mission to remove technological complexities, allowing clients to focus on business acceleration and embracing modern trends like cloud, mobile, and media, while also mitigating the challenges posed by security threats.
Akamai's services are used extensively in e-commerce, media, and technological sectors. The company recently announced a partnership with Neural Magic to deploy high-powered AI software across its infrastructure, enhancing deep learning capabilities on cost-effective CPU-based servers. This partnership exemplifies Akamai’s commitment to cutting-edge innovation and enhancing its cloud computing and security offerings.
Adding to its diverse portfolio, Akamai has launched the Shield NS53 to protect DNS infrastructure against resource exhaustion attacks, complementing their existing DDoS protection and DNS solutions. Furthermore, Akamai's API Security product has achieved the latest PCI DSS compliance, highlighting its robust security measures for handling sensitive data.
Additionally, Akamai's acquisition of Noname Security is set to bolster its API protection capabilities, addressing the growing demand for API security solutions. The company has also demonstrated significant financial growth, with a notable increase in security and compute revenue, and continues to expand its market presence through strategic acquisitions and partnerships.
For the latest corporate updates, follow Akamai on social platforms like X (formerly Twitter) and LinkedIn, or visit their website at akamai.com.
Akamai Technologies reported solid financial results for Q4 and the full year ended December 31, 2021. Q4 revenue reached $905 million, a 7% increase year-over-year, with Security Technology Group revenue soaring 23% to $365 million. Full-year revenue hit $3.5 billion, up 8%, with GAAP EPS of $3.93, a 17% rise. Akamai announced the acquisition of Linode, enhancing its cloud computing capabilities, following the Guardicore acquisition. GAAP operating margin was 23% and non-GAAP operating margin 32%.
Akamai Technologies released its latest report titled "Pirates in the Outfield," revealing the significant impact of online piracy on industries. The report highlights that U.S. piracy costs the economy $29.2 billion annually, with 3.7 billion global unlicensed streams and downloads between January and September 2021. Major industries affected include television and publishing. Akamai emphasizes the need for collaborative anti-piracy strategies as piracy continues to evolve, reflecting a 16% rise over the previous period.
FS-ISAC has launched the Critical Providers Program aimed at enhancing the security of the financial sector's supply chain. This initiative is a response to the increasing cyber threats faced by critical service providers in the financial industry. Akamai Technologies (NASDAQ: AKAM) is a founding member, facilitating dialogue on cyber threat intelligence. The program will ensure timely communication during cyber incidents, empowering members to act swiftly and effectively. FS-ISAC's initiative represents a significant step in safeguarding financial institutions against evolving cyber threats.
Akamai Technologies, Inc. (NASDAQ: AKAM) announced a conference call for investors scheduled on February 15, 2022, at 4:30 PM ET. The call will discuss the company's fourth quarter and full-year 2021 financial results, possibly including forward-looking financial guidance. Investors can join the live call by dialing (844) 578-9671 (U.S.) or (508) 637-5655 (international), using Conference ID: 7579719. A replay will be available for two weeks following the call. More details are accessible on Akamai's Investor Relations page.
Akamai Technologies participated in the White House Open Source Software Security Summit on January 13, 2022, emphasizing the importance of enhancing open source software security. The company identified key strategies including increasing visibility into open source reliance, strong ownership of critical libraries, building containment plans for vulnerabilities, improving information sharing, and expanding government authorization for rapid defense solutions. Akamai highlighted the significance of investments in open source technologies to ensure security and innovation, particularly following the recent Log4j vulnerability.
Akamai Technologies has been recognized once again for its strong commitment to sustainability, being included in the 2021 Dow Jones Sustainability Indices and the FTSE4Good Index. This marks the company's ongoing presence in the DJSI since 2013 and its seventh consecutive year in the FTSE4Good Index. Akamai improved its scores across all three ESG assessment categories: Governance and Economic, Environmental Dimension, and Social Dimension. The company reported a reduction in greenhouse gas emissions by over 30% since 2015 and powers its edge platform with 50% renewable energy.
Akamai Technologies (NASDAQ: AKAM) has launched the Future of Life Online Challenge, aimed at supporting innovators in digital experiences. The challenge offers a total of $1 million in Akamai services, divided among four winners. To participate, companies must submit a video showcasing their innovative products by February 18, 2022, with finalists announced on March 11, 2022. Winners will be revealed on June 6, 2022. This initiative aims to empower groundbreaking solutions that enhance online life.
Akamai Technologies, Inc. (NASDAQ: AKAM) announced significant leadership changes effective December 13, 2021, with Mani Sundaram promoted to EVP & General Manager of the Security Technology Group, while Kate Prouty steps up as CIO. Sundaram, a 15-year Akamai veteran, has successfully led the development of managed security services, contributing to over $1.3 billion in annual revenue for the security segment. Rick McConnell, the current GM for STG, is leaving to become CEO of another public company, marking a pivotal transition for Akamai's strategic growth in security.
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