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 has announced the acquisition of Asavie, enhancing its Security and Personalization Services (SPS). Asavie specializes in managing security for mobile and IoT devices, providing solutions crucial for businesses shifting to remote work due to COVID-19. The all-cash deal is not expected to materially impact Akamai's 2020 financial results. This strategic acquisition aims to help Akamai's carrier partners meet the growing demand for mobile device security. The integration is projected to strengthen Akamai's offerings as more devices connect over cellular and 5G networks.
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Akamai has released its State of the Internet / Security report, highlighting significant criminal activity targeting retail, travel, and hospitality sectors between July 2018 and June 2020. Over 100 billion credential stuffing attacks occurred, with 90% aimed at retail. SQL Injection (SQLi) and Local File Inclusion (LFI) attacks also surged, comprising 41% of total web attacks. The pandemic created new vulnerabilities, prompting a rise in loyalty program exploitation. Akamai stresses the urgent need for improved identity controls to combat these threats.
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Akamai Technologies, Inc. (NASDAQ: AKAM) will hold a conference call for investors on October 27, 2020, at 4:30 p.m. ET to discuss its third quarter financial results. This call may include forward-looking financial guidance from management and will be accessible via Akamai's Investor Relations page. The live dial-in numbers are U.S.: (844) 578-9671, International: (508) 637-5655, using Conference ID: 9551978. A replay will be available for two weeks following the call.
Akamai Technologies has appointed Parimal Pandya as the managing director for Asia Pacific and Japan, effective October 1, 2020. In this role, he will drive business growth and innovation across the region. Pandya, a long-time leader at Akamai, has previously led significant expansions in media, carrier sales, and strategic partnerships. His extensive background includes a Master's in electrical engineering from Columbia University and experience in both e-commerce and venture capital. Akamai aims to support digital transformation amidst unprecedented market disruption.
Akamai Technologies, Inc. (NASDAQ: AKAM) has been recognized as a Leader in The Forrester Wave™: Zero Trust eXtended Ecosystem Platform Providers for Q3 2020, receiving top scores in network security, workload security, and APIs. Forrester evaluated 15 vendors and highlighted Akamai's commitment to Zero Trust principles, emphasizing its robust DDoS protection, multi-factor authentication, and adaptable security solutions. The report notes the effectiveness of Akamai's platform in providing enterprise security, regardless of user location, alongside user-friendly tools to enhance security without sacrificing experience.
Akamai (NASDAQ: AKAM) released the State of the Internet/Security report, focusing on increasing cyber attacks aimed at video game companies and players, particularly during COVID-19. The report highlights over 100 billion credential stuffing attacks, with nearly 10 billion targeting gaming. It reveals that 55% of frequent gamers have experienced account compromises, yet only 20% are concerned. The report emphasizes the need for collaboration between gamers and developers to enhance security measures. For more insights, the full report and a webinar are available online.
Akamai and AT&T have renewed their partnership, extending their collaboration through 2023. This agreement allows AT&T's business customers global access to Akamai's cloud and network services, including security solutions such as Enterprise Application Access and Enterprise Threat Protector. The two companies have been working together since 2012, with AT&T now recognized as the largest global provider of Akamai's security offerings. The partnership aims to enhance the security and performance of customers' digital businesses across various industries.
Akamai (NASDAQ: AKAM) reported second-quarter financial results for 2020, showcasing strong revenue growth driven by Security and Media solutions. Revenue reached $795 million, a 13% increase from $705 million in Q2 2019. The Cloud Security Solutions segment saw a remarkable 27% growth, contributing $259 million to total revenue. Net income rose 42% to $162 million, while GAAP EPS increased by 42% to $0.98 per diluted share. Cash from operations was $299 million, highlighting a robust financial position amidst market challenges.