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 has finalized its acquisition of Guardicore for approximately $600 million. This strategic move, announced on September 29, aims to enhance Akamai's Zero Trust solutions, particularly in mitigating ransomware threats. By integrating Guardicore's micro-segmentation technology, Akamai strengthens its portfolio, providing improved security for enterprises against breaches. This acquisition is expected to bolster Akamai’s reputation as a leader in digital experience protection.
Akamai Technologies (NASDAQ: AKAM) will hold a conference call for investors on November 2, 2021, to discuss its third quarter 2021 financial results and provide forward-looking financial guidance. The call will be broadcast live on Akamai's Investor Relations page. Dial-in information includes (844) 578-9671 for U.S. calls and (508) 637-5655 for international calls, using Conference ID 1956828.
Akamai Technologies (NASDAQ: AKAM) announced it received the highest scores in three of four use cases in the 2021 Gartner Critical Capabilities report for Cloud Web Application and API Protection. Akamai's solutions were recognized in API Security and DevOps, High Security, and Web-Scale Business Applications. This recognition highlights Akamai's ability to protect web applications against attacks and enhance enterprise security. The report evaluated offerings from 11 companies, emphasizing the need for automated API discovery and anomaly detection capabilities.
Akamai Technologies, Inc. (NASDAQ: AKAM) has signed a definitive agreement to acquire Tel Aviv-based Guardicore for approximately $600 million. This acquisition aims to enhance Akamai's Zero Trust security portfolio by integrating Guardicore's micro-segmentation solution, which limits unauthorized access to applications, thereby reducing malware risks. Expected revenue contributions from Guardicore are projected at $30-35 million for fiscal year 2022, with anticipated non-GAAP operating margins returning to 30% in 2023. The deal is expected to close in Q4 2021, subject to customary conditions.
Akamai Technologies has launched Learn Akamai, a free on-demand learning platform aimed at enabling customers to maximize the value of Akamai solutions. This platform offers self-directed learning paths, hands-on labs, and a variety of resources tailored for different knowledge levels. It is designed for organizations with limited training budgets and helps get new employees up to speed quickly. Akamai will continuously update the content, keeping it aligned with evolving customer needs.
Akamai Technologies reported strong second-quarter results for 2021, with revenues reaching $853 million, a 7% increase year-over-year. The Security Technology Group saw a 25% growth in revenue, totaling $325 million, while the Edge Technology Group's revenue decreased by 1% to $528 million. GAAP net income was $156 million, reflecting a 3% decline from the previous year. Non-GAAP EPS increased by 3% to $1.42. Cash from operations was $378 million, equating to 44% of revenue, with significant share buybacks totaling $96 million.
Akamai Technologies (NASDAQ: AKAM) will hold an investor conference call on August 3, 2021, at 4:30 p.m. ET to discuss its second quarter 2021 financial results. The call is available via live dial-in for U.S. (844-578-9671) and international participants (508-637-5655) using Conference ID 3968976. A replay will be accessible for two weeks post-call. Future financial results are scheduled for November 2, 2021 and February 15, 2022.
Akamai Technologies (NASDAQ: AKAM) reported a significant increase in cyberattacks targeting the video game industry during the COVID-19 pandemic. Their State of the Internet / Security report revealed over 240 million web application attacks in 2020, a 340% increase from 2019. Credential stuffing attacks reached nearly 11 billion, up 224% from the previous year. SQL injection was the most common attack vector, making up 59% of incidents. The report highlights ongoing security challenges, stressing the importance of robust password management and multi-factor authentication for gamers.
Akamai Technologies (NASDAQ: AKAM) announced significant security enhancements to its platform on June 16, 2021. These upgrades focus on protecting web applications, APIs, and user accounts using advanced machine learning to automate threat detection. Key features include the Adaptive Security Engine for dynamic protection adjustments, Audience Hijacking Protection against client-side attacks, and a new Akamai Account Protector to block fraudulent human activity. Forrester's report anticipates a continued rise in identity theft and account takeovers, highlighting the importance of these security measures.
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