In a cascade of significant financial news,
Akamai Technologies (AKAM) has displayed noteworthy transactions and business decisions. In addition to witnessing a bearish tilt, the company has seen insider activity, including an additional US$2.0m share purchase by an insider, and EVP and CHRO Anthony Williams offloading 5,000 AKAM shares. On the investor front,
Norges Bank and
Simplicity Wealth LLC have made substantial AKAM purchases, while
ING Groep NV and
Principal Financial Group Inc. reduced their AKAM holdings. In terms of strategic moves, Akamai intends to acquire API security company Noname. The company's
Q1 2024 earnings beat forecasts, yet weak guidance resulted in a share price dip. In the background, the company has partnered with EZDRM, expanded cloud services with NVIDIA's aid, achieved great strides in AI through its partnership with Neural Magic, and launched a new Zero Trust security platform. However, Akamai's stock saw some struggles, even underperforming compared to competitors on certain days.
Akamai Technologies AKAM News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sat, 25 May 2024 18:00:25 GMT -
Rating -2
- Innovation 6
- Information 8
- Rumor -1
