Cloud companies are shining today, after a slew of analyst attention. Cloudflare Inc (NYSE:NET) stock scored an upgrade from Morgan Stanley to "overweight" from "equal weight" earlier, as well as a price-target hike to $130 from $92. The firm called the company "one of the most compelling secular stories” within the sector and added it could sustain revenue growth in the years ahead. Oppenheimer upgraded peers Akamai Technologies, Inc. (NASDAQ:AKAM) and Fastly Inc (NYSE:FSLY) to "outperform" from "perform." ...

CAMBRIDGE, Mass., Nov. 26, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced that the U.S. Bankruptcy Court for the District of Delaware has approved its bid to acquire select assets from Edgio, including certain customer contracts from Edgio's businesses in content delivery and security, and non-exclusive license rights to patents in Edgio's portfolio. The transaction does not include the acquisit ...

Akamai Technologies, Inc. (AKAM) recently announced the expansion of its industry-leading Akamai Guardicore Segmentation and Enterprise Application Access solutions to further improve the performance, security and scalability of cloud environments. This is likely to support agentless enforcement for cloud-native resources in Amazon Web Services (“AWS”), the cloud computing services of Amazon.com, Inc. (AMZN) .Key Features of AKAM’s Upgraded Guardicore SegmentationThe latest version of Akamai Guardicore Segm ...

Akamai continues to demonstrate its commitment to helping customers achieve their Zero Trust goalsCAMBRIDGE, Mass., Nov. 19, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced that it is extending its industry-leading segmentation solution, Akamai Guardicore Segmentation, to support agentless enforcement for cloud native resources in Amazon Web Services (AWS), further expanding its existing ca ...

CAMBRIDGE, Mass., Nov. 15, 2024 /PRNewswire/ -- Akamai (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today announced it is the winning bidder to acquire select assets from Edgio, including customer contracts from Edgio's businesses in security and content delivery, and non-exclusive license rights to Edgio's entire patent portfolio. No assets related to the Edgio network would be acquired as part of the bid. Pursuant to Edgio's filing for Chapter 11 ...

Akamai Technologies, Inc. (NASDAQ: AKAM ) recently reported its Q3 earnings , so I wanted to go through the numbers in a bit more detail and give some comments on the company's outlook and why I am still not invested. TheMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to tim ...

CAMBRIDGE, Mass., Nov. 14, 2024 /PRNewswire/ -- Akamai Technologies Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, announced today that Avesha Technologies is the latest organization to join the Akamai Qualified Compute Partner Program as an Independent Software Vendor (ISV). Avesha Technologies is providing two distinct Kubernetes solutions–one for connectivity and one for autoscaling.As an ISV in the Akamai Qualified Compute Partner Program, Av ...

Only 27% of respondents know which APIs return the sensitive data that attackers seekCAMBRIDGE, Mass., Nov. 13, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced new research showing that while API attacks are rising, visibility into API risks that open doors for attackers is declining. Now in its third year, the API Security Impact Study (formerly the API Security Disconnect) explores the state of API protection based on a ...

Core Insights - Akamai Technologies has launched the Akamai App Platform, a solution designed to simplify the deployment, management, and scaling of highly distributed applications, addressing key challenges in Kubernetes adoption such as skills, scale, and vendor lock-in [1][3][4] Company Overview - Akamai Technologies is a cybersecurity and cloud computing company that provides solutions to power and protect businesses online, emphasizing its commitment to performance and affordability on a distributed platform [11] Product Features - The Akamai App Platform is built on Kubernetes technology and offers ready-to-run templates that automate the provisioning process, significantly reducing deployment time from months to under an hour [3][5] - It provides a self-service environment for engineering teams, allowing them to build, deploy, secure, and maintain applications efficiently [5] - The platform integrates preconfigured upstream open source projects, simplifying deployment and management for production workloads [5][8] Market Positioning - The platform aims to balance the ease of use associated with hyperscaler solutions and the flexibility of open source, addressing the complexities and costs associated with both approaches [4][10] - Akamai's strategic choice to embrace open source solutions promotes workload portability, offering businesses freedom from vendor lock-in and increased cost efficiency [8] Operational Benefits - The Akamai App Platform reduces operational complexity by providing user-ready Kubernetes environments, allowing businesses to focus on applications rather than infrastructure [7][8] - It standardizes and integrates deployments and tools, creating a consistent operational environment that helps reduce time to market [8] Security and Observability - The platform includes advanced security and observability features, such as real-time threat detection and robust monitoring tools, enhancing application security and performance [8][9] Industry Context - Kubernetes has seen over 60% adoption among enterprises, yet challenges remain for DevOps teams in managing container orchestration technology [6][7] - The Akamai App Platform is positioned to disrupt the cloud status quo, particularly as edge native applications become increasingly important for AI inference [10]

Toronto , Canada - 28 June 2023; Tom Leighton, Co-founder & CEO, Akamai Technologies, on FullSTK ... [+] stage during day two of Collision 2023 at Enercare Centre in Toronto, Canada. (Photo By Ramsey Cardy/Sportsfile for Collision via Getty Images)Sportsfile via Getty ImagesAkamai stock tumbled 14% in Friday’s trading following its Q3 earnings report, which largely met expectations but raised concerns with a weaker Q4 guidance. Moreover, the continued decline in the company’s core content delivery network b ...