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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

Akamai Foundation Announces 2023 Grant Recipients

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Akamai Technologies, Inc. (NASDAQ: AKAM) announces the Akamai Foundation 2023 global STEM education grants to encourage the next generation of technology innovators. The grants focus on digital inclusion and equal access to quality STEM education, totaling $2 million. The Empower grants support underrepresented populations in college, technology career pathways, and entrepreneurship.
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Akamai Named to Environmental, Social, and Governance Stock Indexes

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Akamai Technologies, Inc. (NASDAQ: AKAM) has been included in the 2023 Dow Jones Sustainability Indices (DJSI) and the FTSE4Good Index. The company continues to prioritize ESG factors and has shown notable improvements in its sustainability score, with rankings in the 91st percentile in the IT Software and Services sector. Akamai has also been included in the FTSE4Good Index Series for the ninth consecutive year, demonstrating its commitment to sustainable business practices.
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Hydrolix Joins Akamai Qualified Computing Partner Program

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Akamai Technologies Inc. (NASDAQ: AKAM) details capabilities from Hydrolix Inc. as part of the Akamai Qualified Computing Partner Program. Hydrolix offers TrafficPeak powered by Akamai, a managed observability platform that delivers real-time data visualization and long-term data retention to Akamai customers at a fraction of the cost of other observability technologies. This integration provides critical insights into applications, users, and infrastructure, enabling the identification of potential security threats and other incidents.
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Akamai and Deloitte Announce Strategic Alliance to Deliver Zero Trust Segmentation and Managed Incident Response

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Akamai Technologies (NASDAQ: AKAM) and Deloitte form strategic alliance to provide Zero Trust microsegmentation and incident response services to mitigate ransomware attacks. The alliance combines Deloitte's cybersecurity expertise with Akamai Guardicore Segmentation solution, offering immediate protection from ransomware attacks, as highlighted by a recent report from Akamai. This alliance addresses the growing threat of ransomware attacks and the importance of defending organizations against these threats.
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AKAMAI REPORTS THIRD QUARTER 2023 FINANCIAL RESULTS

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Akamai Technologies (NASDAQ: AKAM) reports 9% year-over-year revenue growth to $965 million in Q3 2023, driven by a 20% increase in security and compute revenue. GAAP diluted EPS up 33% to $1.04, and non-GAAP diluted EPS up 29% to $1.63. Full-year revenue and non-GAAP diluted EPS guidance increased.
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Ransomware Attacks Have Doubled Over the Past Two Years, According to Akamai Research

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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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FAQ

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

The current stock price of Akamai Technologies (AKAM) is $97.96 as of December 26, 2024.

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

The market cap of Akamai Technologies (AKAM) is approximately 14.5B.

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

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

AKAM Stock Data

14.52B
147.40M
1.84%
98.73%
5.98%
Software - Infrastructure
Services-business Services, Nec
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United States of America
CAMBRIDGE