Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies (NASDAQ: AKAM) has announced a partnership with Datadog to integrate Datadog Cloud SIEM with Akamai's Zero Trust solutions. This collaboration aims to enhance organizations' security posture, reduce risk, and improve the efficiency of security operations teams. The integration addresses the rising threat of ransomware, with Akamai reporting a 143% increase in ransomware victims between Q1 2022 and Q1 2023.

Key benefits of this partnership include:

• Enhanced visibility and continuous monitoring
• Improved threat detection and response
• Contextual insights for better access control decisions
• Strengthened compliance and regulatory adherence
• Holistic risk management approach

This integration represents an expansion of the existing Technology Partner Program between Akamai and Datadog.

Akamai Technologies (NASDAQ: AKAM) has announced its intent to achieve FedRAMP High accreditation and DoD Impact Levels 4 and 5 accreditations through its Defense Edge initiative. These accreditations will build upon Akamai's existing FedRAMP Moderate accreditation, enabling the company to serve federal entities with elevated security and compliance requirements.

The FedRAMP High accreditation involves rigorous compliance with comprehensive security controls for protecting highly sensitive government data. DoD CC SRG Impact Levels 4 and 5 will allow Akamai to engage with law enforcement, defense, and national security workloads. These efforts align with the increasing demand for robust cybersecurity measures in the public sector and highlight Akamai's commitment to innovation, security, and customer trust.

Akamai Technologies (NASDAQ: AKAM) has released a new State of the Internet report highlighting the increasing threats to applications and APIs. Key findings include:

- 26 billion web attacks against applications and APIs observed in June 2024 alone
- 49% surge in these attacks over the last year
- 108 billion API attacks recorded from January 2023 through June 2024
- High technology, commerce, and social media were the most targeted industries by Layer 7 DDoS attacks
- DNS protocol was a component in 60% of Layers 3 and 4 DDoS attack events

The report emphasizes the growing concern of API abuse and its potential consequences, including data theft, brand reputation damage, regulatory fines, and financial losses.

Akamai Technologies Inc. (NASDAQ: AKAM) has announced that Yospace has joined the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Yospace, a leader in server-side ad insertion (SSAI), will provide media companies with tools to enhance their advertising businesses on Akamai's distributed edge and cloud platform.

The partnership aims to help media companies scale up streaming audiences and apply addressable advertising at scale. As part of the program, Yospace's SSAI technology will be easily accessible to Akamai customers, enabling advanced advertising strategies across Akamai Connected Cloud. Both companies will showcase their technologies at IBC 2024 in Amsterdam, September 13-16.

Akamai Technologies (NASDAQ: AKAM) has announced an investor conference call to discuss its second quarter 2024 financial results. The call is scheduled for Thursday, August 8, 2024, at 4:30 PM ET. This event will provide insights into Akamai's financial performance and future outlook. Investors and analysts can participate to gain a detailed understanding of the company's earnings, revenue, and other key metrics.

Akamai Technologies (NASDAQ: AKAM) has completed its acquisition of Noname Security, an API security company, for approximately $450 million.

This acquisition, initially announced on May 7, 2024, aims to enhance Akamai's capabilities in API security, addressing the growing market demand for robust API protection.

Noname Security's strong market position will help Akamai extend its protection across all API traffic locations and expand its sales and marketing resources. Additionally, Akamai will benefit from Noname's established channel and alliance relationships.

Akamai Technologies (NASDAQ: AKAM) has released a new State of the Internet report revealing that bots make up 42% of overall web traffic, with 65% of these being malicious. The report, titled 'Scraping Away Your Bottom Line: How Web Scrapers Impact Ecommerce,' highlights the severe impact of undetected web scraping bots on ecommerce. These bots are used for activities like competitive intelligence, inventory hoarding, and imposter site creation, adversely affecting revenue and customer experience. The report underlines the challenges posed by AI botnets and headless browser technology, which require sophisticated mitigation strategies to manage. Key findings show that bots can degrade website performance, pollute site metrics, and increase compute costs. The report includes mitigation strategies and a case study demonstrating improved website performance post-defense implementations.

Akamai Technologies (NASDAQ: AKAM) has announced that EZDRM has joined its Qualified Compute Partner Program.

EZDRM will offer a native configuration of its digital rights management as a service (DRMaaS) within the Akamai Connected Cloud.

This integration aims to enhance low-latency streaming services by working tightly with edge encoders and packagers.

EZDRM's close collaboration with Bitmovin and Ateme technologies helps to reduce potential attack surfaces while delivering competitive pricing.

The partnership will enable service operators and content owners to distribute premium content securely to a wide range of devices via the Akamai Connected Cloud.

Akamai Technologies, Inc. reported first-quarter 2024 financial results with revenue of $987 million, an 8% increase year-over-year. Security and compute revenue grew by 22%, reaching 64% of total revenue. Non-GAAP net income per diluted share was $1.64, up 17% year-over-year. The company authorized a new $2.0 billion share repurchase program.