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Akamai Technologies Inc - AKAM STOCK NEWS

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.

News

Ransomware Attacks Have Doubled Over the Past Two Years, According to Akamai Research

Rhea-AI Summary
Akamai Technologies releases report on the rise in ransomware attacks and the adoption of Zero Trust and microsegmentation. Organizations surveyed experienced an average of 86 ransomware attacks in the past 12 months, up from 43 attacks two years ago. 99% of respondents who deployed segmentation also implemented a Zero Trust security framework. Deployment of microsegmentation was lower than expected, with only 30% of organizations segmenting across more than two critical areas. Obstacles to deployment include lack of skills/expertise, performance bottlenecks, and compliance requirements.
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Global Security Solutions Market to Garner Valuation of USD 564.53 Million by 2030, Exhibiting 8.15% CAGR, Fueled by Growing Implementation Across Diverse Industries, States Kings Research

Rhea-AI Summary
The global Security Solutions Market is projected to reach USD 564.53 million by 2030, with a CAGR of 8.15% from 2023 to 2030. The market is driven by increasing implementation of security solutions by businesses in various sectors, rising public awareness of security issues, and growing reliance on digital technologies worldwide.
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Akamai Strengthens DDoS Protection with Launch of Canadian Scrubbing Centers

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Akamai Technologies has launched new Akamai Prolexic scrubbing centers in Toronto and Montreal, providing world-class distributed denial-of-service (DDoS) protection. These centers offer benefits such as minimizing latency, optimizing operational costs, and enhancing visibility into region-specific patterns of DDoS attacks. With a network of cloud scrubbing centers across 32 global metropolitan areas, Akamai's Prolexic platform offers a defense capacity of over 20 Tbps. The recent increase in cyberthreats in Canada makes this launch significant for organizations in the region.
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GlobalLogic and Akamai Announce Partnership to Deliver Enterprise Technology Solutions & Services

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GlobalLogic and Akamai announce a strategic partnership to offer enterprise technology solutions to customers globally. GlobalLogic will design and build innovative products and digital experiences using Akamai's cloud computing services and content delivery network. The partnership aims to serve customers in various industries including media & entertainment, telecommunications, financial services, automotive, and e-commerce.
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Akamai Technologies Acquires Select Customer Contracts from Lumen

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Akamai Technologies acquires assets from Lumen Technologies to expand its offerings and support to Lumen customers.
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Akamai Technologies To Hold Third Quarter 2023 Investor Conference Call On Tuesday, November 7, at 4:30 PM ET

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Akamai Technologies to hold conference call for investors on November 7, 2023
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Akamai Client-Side Protection & Compliance Introduces New Capabilities to Help Organizations Comply with PCI DSS v4.0

Rhea-AI Summary
Akamai Technologies announces new capabilities to its Client-Side Protection & Compliance product to help organizations ensure compliance with PCI DSS v4.0 JavaScript security requirements. The new capabilities include script inventory management, a PCI DSS v4.0 dashboard, and dedicated PCI alerts. These capabilities streamline compliance workflows and provide extensive visibility into the client-side attack surface. Businesses across all industries that accept payments online need to prepare for the upcoming PCI DSS v4.0 deadline. Forrester's report highlights client-side protection as a key technology that financial services and insurance organizations plan to adopt this year.
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Akamai Client-Side Protection & Compliance Product Available in Microsoft Azure Marketplace

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Akamai Technologies releases Client-Side Protection & Compliance product in Microsoft Azure Marketplace, providing extensive visibility into client-side attack surface and helping streamline compliance workflows. Critical PCI DSS v4.0 compliance capabilities include script inventory management, PCI DSS v4.0 dashboard, and dedicated PCI alerts. Akamai aims to simplify compliance process and protect end-user payment card data.
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Akamai Research Finds 65% Increase in Web Application and API Attacks on Financial Services

Rhea-AI Summary
Financial services has surpassed gaming as the top vertical for DDoS attacks. Application and API attacks in the financial services vertical grew by 65% from Q2 2022 to Q2 2023, totaling over 9 billion attacks. The Europe, Middle East, and Africa region accounts for 63.5% of DDoS events. Financial services remains the most targeted web attack vertical in the APJ region. The number of malicious bot requests increased by 69%. LFI vulnerabilities are driving the surge in web application and API attacks with 53% growth in the last year.
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Akamai Expands World's Most Distributed Cloud Network with New Core Compute Regions Across Asia, Europe, North America, and Latin America

Rhea-AI Summary
Akamai Technologies announces seven new core compute regions across Europe, Asia, North America, and Latin America, including Amsterdam, Jakarta, Los Angeles, Miami, Milan, Osaka, and São Paulo. The addition of São Paulo and Miami makes it easier for companies to do business in Latin America and positions Akamai as a strong competitor in the market. Akamai's cloud computing services are ideal for high-performance workloads and the company emphasizes a distributed and decentralized cloud architecture. The new regions expand Akamai's cloud computing network and improve connectivity and user experience.
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FAQ

What is the current stock price of Akamai Technologies (AKAM)?

The current stock price of Akamai Technologies (AKAM) is $87.43 as of November 15, 2024.

What is the market cap of Akamai Technologies (AKAM)?

The market cap of Akamai Technologies (AKAM) is approximately 13.1B.

What does Akamai Technologies Inc. do?

Akamai Technologies Inc. provides content delivery network (CDN), cloud security, and edge computing solutions aimed at improving the performance and security of online assets.

What is the Akamai Intelligent Platform™?

The Akamai Intelligent Platform™ is a globally distributed infrastructure that enables businesses to securely deliver fast and reliable user experiences on any device, anywhere.

How many servers does Akamai operate worldwide?

Akamai operates over 325,000 servers distributed across more than 1,000 cities worldwide.

What recent partnership has Akamai announced?

Akamai has partnered with Neural Magic to enhance deep learning capabilities on its cloud infrastructure, focusing on efficient AI deployment on CPU-based servers.

What security solutions does Akamai offer?

Akamai offers robust security solutions including DDoS protection, DNS infrastructure security through Shield NS53, and API security compliant with the latest PCI DSS standards.

What is the significance of Akamai’s acquisition of Noname Security?

The acquisition of Noname Security will enhance Akamai's API protection capabilities, helping to address the growing market demand for comprehensive API security solutions.

How has Akamai's financial performance been in recent quarters?

Akamai has shown significant growth in its security and compute revenue, contributing to a robust overall financial performance.

How does Akamai support live-streaming services?

Akamai supports live-streaming services through collaborations with companies like EZDRM, offering digital rights management solutions that operate in conjunction with edge encoders and packagers.

Where can I find more information about Akamai’s cloud computing solutions?

More information about Akamai’s cloud computing solutions can be found on their website at akamai.com.

What are some key achievements of Akamai in recent times?

Key achievements include the partnership with Neural Magic for AI deployments, the launch of Shield NS53 for DNS protection, achieving PCI DSS compliance for API security, and the acquisition of Noname Security to enhance API protection.

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Akamai Technologies Inc

Nasdaq:AKAM

AKAM Rankings

#720 Ranked by Market Cap
N/A Ranked by Dividends

AKAM Stock Data

13.14B
150.23M
1.84%
98.8%
5.27%
Software - Infrastructure
Services-business Services, Nec
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United States of America
CAMBRIDGE