Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies has finalized its acquisition of Linode for approximately $900 million. This strategic move, announced on February 15, aims to enhance Akamai's cloud computing capabilities by integrating Linode's developer-friendly platform with its leading edge and security services. The merger is expected to provide businesses with a massively distributed platform for application development and security, bolstering Akamai's market position as a top cloud service provider.

Akamai Technologies (NASDAQ: AKAM) has been recognized as a Leader in The Forrester New Wave™: Microsegmentation, Q1 2022 evaluation. The report assessed nine vendors, highlighting Akamai Guardicore Segmentation for its innovative security approach. With a differentiated rating in several categories such as policy enforcement and product vision, Akamai's solutions streamline Zero Trust initiatives effectively. Pavel Gurvich, SVP & GM, emphasized the platform’s flexibility and its ability to defend against advanced threats like ransomware. Akamai aims to enhance microsegmentation capabilities as part of its Zero Trust strategy.

Akamai Technologies (NASDAQ: AKAM) announced its agreement to acquire Linode for approximately $900 million, positioning itself as the world's most distributed cloud services provider. This acquisition aims to combine Linode's user-friendly infrastructure-as-a-service with Akamai's edge computing and security capabilities. Expected to close in Q1 2022, the deal is projected to add $100 million in revenue and slightly enhance non-GAAP EPS by $0.05-$0.06 for fiscal 2022. The integration promises significant benefits for developers by providing an expansive platform for application development.

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.