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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 (NASDAQ: AKAM) announced its definitive agreement to acquire Neosec, an API detection and response platform, enhancing its security solutions amid increasing API cyber threats. This acquisition aligns with Akamai's strategy to provide comprehensive visibility and protection for APIs, addressing critical security needs as digital transformation accelerates. The combined solutions aim to secure APIs by identifying vulnerabilities and responding to attacks. Expected to close in Q2 2023, the acquisition might slightly dilute non-GAAP EPS by $0.04 to $0.06 without contributing significant revenue. Akamai plans to announce Q1 financial results on May 9, 2023, including the impact of this acquisition.

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Akamai Technologies (NASDAQ: AKAM) announced a conference call on May 9, 2022, at 4:30 p.m. ET to discuss its first quarter 2023 financial results. The call will include potential forward-looking financial guidance from management. Interested parties can join the call by dialing (833) 634-5020 for U.S. participants or (412) 902-4238 for international participants. A replay will be available for two weeks post-call. The company emphasizes its role in powering and protecting online experiences through its Akamai Connected Cloud platform, which enhances digital interactions while ensuring security. Further details are accessible via Akamai's Investor Relations page.

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Akamai Technologies, Inc. (NASDAQ: AKAM) released its State of the Internet report focusing on the surge in application and API attacks, which increased by 137% over the past year. The report highlights Local File Inclusion (LFI) as the leading attack vector, showing a 193% year-over-year growth. Emerging threats like Server-Side Template Injections (SSTI) and Server-Side Request Forgery (SSRF) were noted, with a daily average of 14 million SSRF attempts. The report also emphasizes Broken Object Level Authorization (BOLA) as a significant concern. Key findings indicate an 82% rise in attacks on the healthcare sector and a 76% increase in manufacturing. Akamai provides insights and mitigation strategies for organizations to combat these growing threats.

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Akamai Technologies (NASDAQ: AKAM) has unveiled new cloud computing capabilities aimed at enhancing streaming video quality and personalization during the 2023 NAB Show in Las Vegas. These advancements are designed to lower operational costs for OTT operators while improving user experience through features like dynamic manifest personalization and pre-delivery content stitching. Akamai also announced enhancements to its support for the Common Media Client Data (CMCD) specification, which allows for better content pre-fetching and improved metrics on viewer experience. Additionally, new partners in the Qualified Computing Partner program were presented, providing interoperable solutions for media workflows.

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Akamai Technologies, the cloud company driving online experiences, has announced enhancements to its Partner Program aimed at boosting partner growth and simplifying engagement. Key updates include new pricing discounts and a streamlined onboarding process for channel partners, facilitating quicker access to benefits. The program is designed to align financial rewards with sales goals, increasing incentives for new deals. Ongoing improvements will enhance partner portal functionality, allowing for better opportunity management and performance insights. Furthermore, partners will gain direct access to Akamai experts and early product news, strengthening collaboration. These enhancements aim to solidify Akamai's position as a preferred partner in the market.

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Akamai Technologies (NASDAQ: AKAM) announced enhancements to its managed security services on April 4, 2023, aimed at bolstering customer defenses against sophisticated cyber threats. The updates include increased access to security experts, reduced pricing on additional managed services, and a new premium support tier providing personalized assistance. The financial services sector has seen a substantial rise in web application attacks, indicating heightened security needs. The new offerings will be available from April 6, 2023, with aims to improve customer experience and escalation paths during security incidents.

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Akamai Technologies (NASDAQ: AKAM) announced a new report titled Attack Superhighway: Analyzing Malicious Traffic in DNS, revealing that 10-16% of organizations showed signs of network breaches over the past year. The report highlights nearly seven trillion daily DNS requests and categorizes attacks as malware, phishing, and command/control. Notably, 26% of affected devices attempted to connect to initial access brokers, while QSnatch botnets targeted vulnerable network-attached storage devices. The report underscores significant threats posed by cybercrime, including various regional attack trends, and emphasizes the importance of proactive vulnerability management.

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Akamai Technologies (NASDAQ: AKAM) announced the launch of Akamai Hunt and Agentless Segmentation services on March 7, 2023. These innovations aim to enhance security by reducing attack surfaces and improving threat remediation for customers. Akamai Hunt integrates global threat data to identify evasive risks, while Agentless Segmentation addresses security challenges for IoT and OT devices lacking host-based software. Ransomware caused over $20 billion in damages in 2021, emphasizing the need for advanced security measures. Both services will empower organizations to implement Zero Trust frameworks effectively.

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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