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) regularly issues news as a cybersecurity and cloud computing company that powers and protects business online. Its announcements highlight developments across security, content delivery, cloud computing, and AI, reflecting the company’s focus on distributed infrastructure and edge-based services.
News items often cover financial results, such as quarterly earnings releases furnished via Form 8-K, where Akamai reports revenue across security, delivery, and cloud computing categories and provides commentary on product momentum. Investors can follow updates on revenue mix, cloud infrastructure services, and the performance of security offerings through these releases and associated investor conference call announcements.
Akamai also publishes product and platform news, including the launch and evolution of Akamai Inference Cloud, a platform designed to extend AI inference from core data centers to the edge of the internet using NVIDIA AI infrastructure. Related stories describe early traction for Inference Cloud and real-world use cases in video, personalization, customer support, and consumer products.
Additional news focuses on cloud and security initiatives, such as Akamai Cloud achieving FedRAMP High Ready status for government-focused cloud services, and on partnerships and ecosystem programs like the ISV Catalyst program for independent software vendors. Strategic collaborations, for example with Visa on Trusted Agent Protocol for agentic commerce or with partners such as Zuplo to support API delivery and monetization, also feature in Akamai’s news flow.
Visitors to this AKAM news page can review these types of updates in one place, including earnings announcements, product launches, security and compliance milestones, partner program developments, and corporate transactions disclosed in press releases and SEC-related communications.
Akamai Technologies reported its third-quarter financial results with revenue reaching $882 million, marking a 3% year-over-year increase and a 7% rise when adjusted for foreign exchange. Security and compute revenue comprised 55% of total revenue, growing 23% year-over-year. However, GAAP EPS fell 37% year-over-year to $0.68, indicative of broader macroeconomic challenges. While cash from operations was $369 million, the company’s net income saw a significant 40% decrease. Akamai also repurchased 1.8 million shares for $163 million.
Dynatrace (NYSE: DT) has appointed Jim Benson as Chief Financial Officer (CFO), effective November 15, 2022. Benson brings over 30 years of experience from leading technology companies, including Akamai Technologies, where he served as CFO from 2012 to 2019. He replaces Kevin Burns, who will assist during the transition period. CEO Rick McConnell expressed confidence in Benson's ability to lead the financial organization and drive growth. Dynatrace focuses on simplifying cloud complexity and enhancing digital transformation through its advanced observability platform.
Akamai Technologies (NASDAQ: AKAM) has announced a significant upgrade to its DDoS protection platform, Prolexic, enhancing its dedicated defense capacity by 100% to 20 Tbps. This upgrade focuses on combating increasingly sophisticated DDoS threats by deploying new software-defined scrubbing centers globally, improving both performance and reliability for online businesses. The rollout began in Q3 2022 and will continue into 2023 across North America, Europe, Asia, and the Middle East. Akamai's advancements aim to deliver unmatched security, ensuring optimal customer experience.
Techstrong Research conducted a study revealing a significant shift in cloud buyer preferences. Over 700 professionals indicated a growing importance on developer experience, equal to core technical performance. The report emphasizes three trends: the necessity for global reach and security in cloud platforms, the need for developer-centric environments to enable faster deployment, and the demand for distributed edge computing capabilities. These insights highlight the evolving landscape of cloud services where both performance and user experience are critical for success.
Akamai Technologies (NASDAQ: AKAM) partners with NESN, making it the first U.S. regional sports network to stream NHL and MLB games in native 4K/HDR. Fans can access 4K/HDR Bruins home games starting October 15, 2022, and Red Sox home games in April 2023 through the NESN 360 app. This collaboration utilizes Akamai's media delivery solutions, enhancing the viewing experience for sports enthusiasts across various devices. The partnership represents significant technological advancements in live sports streaming, allowing NESN to become a leader in delivering high-quality sports content.
Akamai Technologies (NASDAQ: AKAM) announced a conference call on November 8, 2022, at 4:30 p.m. ET, to discuss its third quarter 2022 financial results. The call may include forward-looking financial guidance. Investors can join the call via dial-in numbers, with replay options available for two weeks.
The company emphasizes its role in powering and protecting online experiences, providing solutions to enhance digital security and performance.
Akamai Technologies (NASDAQ: AKAM) has been recognized as a Leader in The Forrester Wave™: Web Application Firewalls, Q3 2022 report, which evaluated 12 vendors based on 24 criteria. Forrester highlighted Akamai for its advanced detection capabilities, powered by machine learning, and praised customer feedback regarding its App & API Protector dashboards. The report noted a significant 300% increase in web application attack attempts in early 2022, emphasizing the need for robust security solutions. Akamai's App & API Protector integrates several security technologies into a user-friendly platform.
Semrush (NYSE: SEMR) announces the appointment of Bill Wagner as an independent non-executive director to its Board, bringing over 20 years of SaaS experience. Wagner's previous role as CEO of GoTo (LogMeIn) saw the company grow significantly, reaching over $1 billion in revenue. His insight into the SaaS sector is expected to enhance Semrush's leadership during its growth trajectory. Wagner's inclusion reflects Semrush's commitment to leadership strengthening as he prepares for the 2023 Annual Meeting of Stockholders.
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Dynatrace (NYSE: DT) has appointed two new executives to its leadership team: Nicole Fitzpatrick as General Counsel and Sue Quackenbush as Chief People Officer. Fitzpatrick, with over 20 years of legal experience, will oversee global legal affairs and lead the ESG program. Quackenbush, with 25 years in human resources, will focus on talent strategies and enhancing workplace culture. CEO Rick McConnell emphasized their experience will strengthen Dynatrace's position to capitalize on market opportunities amidst growing demand for cloud observability and security.