Akamai Technologies, Inc. (AKAM) is potentially an undervalued cyber-security stock. B. Metzler seel. Sohn & Co. Holding AG and First Horizon Advisors Inc. are among multiple entities increasing their position in the company. Despite fluctuations in the stock market and witnessing a larger drop than the general market at certain times, Akamai often outperforms its competitors. The expansion of AKAM's cloud and zero-trust security solutions are seen as positive factors for the company's growth. However, contrary to some analysts' predictions of a price climb, there are also speculations of AKAM’s stock experiencing a decline. In the third quarter of 2024, AKAM matched earnings estimates but missed some expectations. Despite restructuring costs, Akamai hit a quarterly revenue milestone of $1 billion. The company has also extended its partnership with Avesha to expand cloud computing solutions for Kubernetes and launched a cloud platform that significantly reduces app deployment time. Nevertheless, some investors seem to question AKAM’s returns on capital. Insider selling has been observed, with the company’s CTO selling $221,525.00 in stock. The future outlook for Akamai Technologies remains to be seen.
Akamai Technologies AKAM News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 23 Nov 2024 09:17:57 GMT -
Rating 4
- Innovation 2
- Information 6
- Rumor -5
