Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies (NASDAQ: AKAM) and Kyndryl (NYSE: KD) have announced a collaboration to offer Zero Trust Segmentation Services. Kyndryl teams worldwide are certified to provide implementation and managed services for Akamai Guardicore Segmentation under the Guardicore certified Service Provider (GcSP) program. This collaboration aims to help customers accelerate Zero Trust implementations and address evolving cybersecurity challenges.

The partnership combines Kyndryl's consulting expertise with Akamai's technology to offer a seamless solution for designing and achieving Zero Trust, segmentation, and network security objectives. The service helps increase cyber resiliency by limiting lateral movement of threats and securing organizational assets and data through robust authentication methods and real-time, risk-based access policies.

Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, has announced it will hold an investor conference call on Thursday, November 7, 2024, at 4:30 p.m. ET. The call will cover the company's third quarter 2024 financial results and may include forward-looking financial guidance from management. This event provides an opportunity for investors to gain insights into Akamai's recent performance and future outlook.

Akamai Technologies has announced a new native connector between Akamai API Security and Akamai Connected Cloud. This integration aims to simplify and accelerate the discovery and protection of APIs by enabling customers to send a copy of their Akamai Connected Cloud traffic directly to API Security for analysis and rapid attack blocking.

The native connector offers several benefits, including faster ROI with rapid, zero-touch deployment, reduced total cost of ownership, and rapid attack response with direct blocking capability at the Akamai edge. Akamai API Security's vendor-neutral approach allows integration with over 40 traffic sources, providing flexibility for organizations to use their preferred technologies while benefiting from advanced API security capabilities.

Currently, the native connector is used by more than 100 Akamai customers, analyzing over 300,000 APIs that generate over half a trillion monthly requests. The connector will be generally available on October 1, 2024.

Akamai Technologies (NASDAQ: AKAM) has achieved a company-wide ISO 14001 attestation, demonstrating its commitment to high standards for environmental management systems across its entire Akamai Connected Cloud. This internationally recognized standard provides a framework for organizations to continually improve their environmental performance.

The attestation ensures Akamai is taking proactive measures to minimize its environmental footprint, comply with legal requirements, achieve environmental objectives, and identify ways to continuously improve. Akamai's Environmental Management System (EMS) is designed to reduce the company's environmental impact, manage risks, and opportunities across its entire value chain.

Mike Mattera, director of corporate sustainability and ESG officer at Akamai, stated that this achievement is a testament to the company's commitment to environmental excellence. As a leader in the internet ecosystem, Akamai is pursuing five 2030 goals across its Connected Cloud to address pressing environmental concerns.

Akamai Technologies (NASDAQ: AKAM) has been named a Leader in the IDC MarketScape: Web Application and API Protection (WAAP) 2024 Vendor Assessment. The report highlights Akamai's comprehensive approach to addressing security, availability, integrity, and compliance requirements for modern digital businesses.

The IDC MarketScape praised Akamai's integrated delivery, performance, and security capabilities, noting that the company offers advanced and specialized features as optional add-ons. This strategy allows businesses to tailor solutions to their specific needs.

WAAP combines multiple security functions, including WAF, bot management, API security, and DDoS mitigation, into a unified platform. Akamai's recognition underscores its ability to help organizations protect their applications and APIs, which are important for business operations and customer satisfaction.

Akamai Technologies' latest State of the Internet (SOTI) report reveals that financial services remains the most targeted industry for DDoS attacks, accounting for 34% of such incidents. The surge in attacks is attributed to geopolitical tensions and increased hacktivist activities. Key findings include:

1. Financial services is most impacted by brand impersonation (36%) and phishing (68% of counterfeit domains).
2. Sharp increases in Layer 7 DDoS attacks targeting APIs, particularly undocumented shadow APIs.
3. DDoS event frequency doesn't always correlate with attack intensity.
4. Well-known threat actors like REvil, BlackCat, and Anonymous Sudan are involved in these attacks.

The report aims to help financial services cybersecurity professionals understand the complex threat landscape and implement best practices to protect customers.

Akamai (NASDAQ: AKAM) has joined the Streaming Video Technology Alliance (SVTA) as a Principal Member, following the merger of DASH Industry Forum and SVTA. This move aligns with Akamai's commitment to developing web and internet standards. As a pioneer in content delivery networks for video streaming, Akamai has been instrumental in advancing streaming video standards.

The company's involvement in SVTA aims to benefit media companies through greater standardization, improved viewing experiences, and innovation in areas like low-latency streaming and quality measurement. Akamai will showcase its cloud-based media delivery, computing, and security capabilities at IBC 2024 in Amsterdam, demonstrating its ongoing commitment to advancing streaming technologies and industry standards.

Akamai (NASDAQ: AKAM) has introduced new video workflow capabilities at IBC, giving media companies greater control across the video delivery chain. The new features combine Akamai's cloud and delivery platforms with its growing partner network, offering unprecedented flexibility to tailor media experiences.

Key points:

• Customers can bring their preferred workflow components and run them as needed
• Support for multicloud architectures eliminates vendor lock-in
• Akamai's distributed cloud platform minimizes egress fees
• Media companies can choose from multiple software and partner options for content management
• Akamai added media-optimized, NVIDIA-based GPUs to its cloud solutions

These developments address industry concerns about control, competition, and costs associated with centralized cloud models, as highlighted in recent studies by Forrester Consulting and a survey of media and entertainment businesses.

Akamai Technologies (NASDAQ: AKAM) has been named a Leader in The Forrester Wave™: Microsegmentation Solutions, Q3 2024 report. The company received the highest scores possible in several criteria, including flow and asset discovery, policy management, and ZTNA integration. Forrester highlighted Akamai Guardicore's innovations, such as multifactor segmentation and integrations with Akamai's ZTNA solution, DNS firewall, and threat intelligence.

The Akamai Guardicore Platform enables Zero Trust through a single agent that integrates microsegmentation, ZTNA, multi-factor authentication, DNS firewall, and threat hunting. Recent updates include AI-powered features to simplify user experience, multi-factor segmentation, and essential policy implementation. Pavel Gurvich, SVP of Enterprise Security at Akamai, stated that this recognition validates their commitment to customers and ongoing innovation.