Akamai Technologies (AKAM) has recently seen a mix of market performance, from gaining amid market dips to underperforming compared to competitors on some days. Financials remain robust despite fluctuations in stock price. Notably, the company reported that bots constitute 42% of overall web traffic, with nearly two-thirds being malicious. Akamai has recently completed the acquisition of API security company Noname. The company's Q1 2024 earnings have been scrutinized, with earnings topping views despite weak guidance. Additionally, they have rolled out a COVID-19 vaccine management offering and a new Zero Trust Platform. A partnership was also struck with EZDRM to expand their computing program. Despite these endeavours, there have been several instances of inside-selling, including by EVP, CHRO Anthony Williams, CFO Edward Mcgowan, CTO Robert Blumofe, and COO & GM Edge Technology Group Adam Karon. Overall, the company continues to show its commitment towards security, evidenced by its deal with Neural Magic to accelerate deep learning AI.
Akamai Technologies AKAM News Analytics from Fri, 12 Jan 2024 08:00:00 GMT to Sat, 29 Jun 2024 14:29:34 GMT - Rating 2 - Innovation 5 - Information 7 - Rumor -3
