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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.

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Akamai Technologies, Inc. (NASDAQ: AKAM) announces the availability of API Security, a product designed to stop API attacks and detect business logic abuse. The solution provides complete visibility into API activity, uses behavioral analytics to detect complex threats, and improves detections by analyzing historical data. Akamai's API Security complements the existing App & API Protector (AAP) solution, delivering comprehensive global protection against API attacks.
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Akamai Technologies, Inc. (NASDAQ: AKAM) announced a conference call for investors on August 8, 2023, at 4:30 p.m. ET to discuss the company's second quarter 2023 financial results and potential forward-looking financial guidance. The call will be broadcast live on Akamai's Investor Relations page and a replay will be available for two weeks following the conference. Investors can access the live call via dial-in information provided on the company's website.
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Akamai Technologies, Inc. (NASDAQ: AKAM) reveals the 2023 SANS Survey on API Security, highlighting phishing and missing patches as top concerns for application security professionals. The survey also emphasizes the underutilization of API security controls and the need for more focus on API security hygiene controls.
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Akamai Technologies (NASDAQ: AKAM) opens new cloud computing sites in Paris, Washington, D.C., and Chicago, with Seattle and Chennai coming later. The new sites aim to provide higher performance, lower-latency, and true global scalability, marking a shift in cloud architecture to meet the demands of modern applications. Akamai also introduces new premium instances, doubles object storage capacity, and plans to launch a new global load balancer later this quarter.
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Akamai Technologies, Inc. has been named a Leader in the IDC MarketScape: Worldwide Network Edge Security as a Service (NESaaS) 2023 Vendor Assessment. The report highlights Akamai's proven track record of delivering cloud security without performance trade-offs and its broad portfolio of Zero Trust enterprise security solutions. Akamai's position in the assessment demonstrates its ability to help enterprises transition to a Zero Trust security architecture.
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Akamai Technologies releases State of the Internet report highlighting attacks on the commerce sector, with retail being the most targeted subvertical.
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Akamai Technologies has launched the Prolexic Network Cloud Firewall, enhancing its DDoS protection capabilities. This new tool allows customers to manage their own access control lists (ACLs) and provides improved flexibility in securing network edges.

As DDoS attacks increase, fueled by readily available tools on the dark web and more internet-connected devices, Akamai's Prolexic platform boasts a mitigation capacity of 20 Tbps. The service protects a diverse set of clients, including businesses and governments, against complex DDoS threats.

The firewall facilitates proactive defenses and efficient traffic management, enabling clients to react swiftly to threats. Akamai emphasizes that this is a significant feature enhancement, allowing users to implement security measures rapidly and effectively.

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Akamai Technologies (NASDAQ: AKAM) announced the launch of Brand Protector, a solution designed to combat phishing attacks, fake online stores, and brand impersonations. This innovative tool allows organizations to protect their reputation by detecting and disrupting fraudulent activities before they escalate. Akamai's Brand Protector leverages a four-step approach: Intelligence through extensive data analysis, Detection of live traffic to identify brand abuse, Visibility via a user-friendly dashboard, and Mitigation through integrated takedown services. Akamai's platform analyzes over 600 terabytes of data daily, addressing the rising threat from 50,000 new phishing sites created weekly, helping maintain customer loyalty and revenue amidst increasing online fraud.

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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.

Akamai Technologies Inc

Nasdaq:AKAM

AKAM Rankings

AKAM Stock Data

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