DKosig Akamai's (NASDAQ:AKAM) pursuit of cloud computing has created some hype around the stock in recent quarters. It is not clear that this is warranted, though. Akamai's pursuit of cloud computing is a risky strategic move due to the upfront costs involved and comes in an uncertain macro environment where many companies are gambling on infrastructure build-outs. I last wrote about Akamai in December, suggesting that caution was warranted despite the company's accelerating growth. The stock is down by ...

In its upcoming report, Akamai Technologies (AKAM) is predicted by Wall Street analysts to post quarterly earnings of $1.61 per share, reflecting an increase of 15% compared to the same period last year. Revenues are forecasted to be $989.22 million, representing a year-over-year increase of 8%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projection ...

The Akamai Guardicore Platform simplifies enterprise security with broad visibility and granular controls through one consoleCAMBRIDGE, Mass., April 30, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the Akamai Guardicore Platform helps businesses meet their Zero Trust goals. The Akamai Guardicore Platform is the first security platform to combine industry-leading Zero Trust Network Access (ZTNA) and microsegmentation to ...

2030 sustainability goals updated to reflect impact of Akamai Connected Cloud CAMBRIDGE, Mass., April 29, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today shares its 2023 sustainability report along with new resources about its corporate sustainability initiative. The newly designed Akamai sustainability microsite details the company's performance and progress on its 2030 sustainability goals initially announced in April 2021. "With ...

Customer demand grows more than 200% since launch in 2023 CAMBRIDGE, Mass., April 23, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced that its API Security product has achieved the latest (version 4.0) Payment Card Industry Data Security Standard (PCI DSS) compliance. As part of this process, specific requirements that pertain to APIs were added. PCI DSS is a set of security standards designed to ensure that organizations ...

Akamai Technologies, Inc. (AKAM) has integrated NVIDIA Corporation's (NVDA) GPUs into its cloud portfolio, setting a new standard for media processing efficiency. With the introduction of the NVIDIA RTX 4000 Ada Generation GPU, Akamai's latest offering promises enhanced productivity and cost-effectiveness for media and entertainment firms grappling with the demands of rapid video content processing.Internal assessments conducted by Akamai reveal a staggering 25x increase in frames per second processing spee ...

New encoding using cost-effective NVIDIA GPUs enables optimal processing for media companies LAS VEGAS, April 15, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, added a new media-optimized offering based on NVIDIA GPUs to its growing cloud portfolio. With the NVIDIA RTX 4000 Ada Generation GPU, the new cloud-based service provides better productivity and economics for companies in the media and entertainment industry that are challenged ...

Akamai Technologies (AKAM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this cloud services provider have returned -4.7% over the past month versus the Zacks S&P 500 composite's +0.8% change. The Zacks Internet - Services industry, to which Akamai Technologies belongs, has gained 13.1% over this period. Now the key question is: Where could the stock be ...

CAMBRIDGE, Mass., April 11, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, announced today that the company will hold a conference call for investors on Thursday, May 9, 2024, at 4:30 p.m. ET. The call will include the company's first quarter 2024 financial results and may include forward-looking financial guidance from management. The call will also be broadcast live via the internet at Akamai's Investor Relations page. The live dial-i ...

Shield NS53 protects on-premises and hybrid DNS infrastructure from resource exhaustion attacks CAMBRIDGE, Mass., April 9, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the launch of Akamai Shield NS53, a product that protects on-premises (on-prem) Domain Name System (DNS) infrastructure from resource exhaustion attacks. These attacks overwhelm servers to the point that they can no longer respond to valid DNS queries. T ...