Akamai Technologies (AKAM) exhibits reasoning in utilizing debt and is undergoing various transformative actions. The company's shares were sold by ClariVest Asset Management LLC and Diversified Trust Co, while Norden Group LLC purchased 3,325 shares. Scottiabank started coverage of Akamai with a Sector Outperform recommendation. The first quarter of 2024 saw Akamai Technologies overcoming market dips despite its slowdown in content delivery. It intends to acquire API Security company Noname, and eventually succeeded in completing the acquisition. Akamai's stock performance varied, sometimes underperforming or outperforming the market or its competitors. Irrespective of the reports of unexpected dips, the company projected strong trading days. Bad news regarding the slowing traffic growth on guidance caused the shares to drop. Yet, FORA Capital LLC decided to buy a new stake in Akamai. The company's first quarter 2024 earnings surpassed expectations, with revenues boosting due to its new Zero Trust Platform. Additionally, Q1 results also included the initiation of Cloud Infrastructure and Services powered by NVIDIA, optimized for video processing. Akamai showed promising potential with its investment in deep learning AI through a partnership with Neural Magic.
Akamai Technologies AKAM News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 14 Jul 2024 18:09:45 GMT -
Rating 1
- Innovation 4
- Information 8
- Rumor 1
