Boston Trust Walden Corp holds $22.08 million stocks in
Akamai Technologies. Meanwhile, insider Robert Blumofe recently sold 2,500 shares. Despite a market dip, Akamai's intrinsic value stands potentially 96% above its share price.
Q2 earnings surpassed expectations with increased sales in security & compute. However, shareholder restlessness looms over Akamai's
P/E ratio. The firm also announced plans to acquire
API Security Company Noname and made a major move in cyber defenses through a partnership with Datadog.
Key metrics indicate strong Q2 earnings, with EPS beats leading to revised estimates. Notably, Akamai showed gains against market dips. It revealed its intent to achieve
FedRAMP High and DoD Impact Levels 4 and 5 accreditations and unveiled new cloud services powered by NVIDIA. However, slowing traffic growth has been flagged as a potent challenge. Despite this, Akamai's shares saw an RS rating improve to 71. In a significant development, the company completed its acquisition of Noname Security for $450M.
Akamai Technologies AKAM News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sun, 18 Aug 2024 18:49:17 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor -1