Akamai Technologies (AKAM) has had a notable period with mixed outcomes. Despite its Q1 Earnings beat versus estimates and higher revenues, the stock value dropped amid weak guidance. AKAM was called out for its slowing traffic growth affecting its outlook. AKAM also issued Q2 2024 earnings guidance but experienced a drop in market value. AKAM's strategic intent to acquire API Security Company Noname marks a significant development, predicted to boost AKAM's security competencies. On the flip side, critics voiced a need for a merger with Cloudflare to bolster AKAM's portfolio. AKAM's earnings were mostly in line with predictions, placing questions on its performance for rest of 2024. The company's earnings preview marked a crucial event, with AKAM's earnings and revenue surpassing estimates. AKAM also purchased Linode, which is expected to bringing substantial benefits. However, there were warning flags leading up to AKAM's Q1 earnings, which suffered a drop despite healthy revenue growth. Lastly, the company's intrinsic value was deemed to be potentially 70% above its share price.
Akamai Technologies AKAM News Analytics from Fri, 01 Dec 2023 08:00:00 GMT to Fri, 10 May 2024 16:53:57 GMT -
Rating 2
- Innovation 6
- Information 8
- Rumor -2
