Akamai Technologies Inc. has had a busy period with multiple noteworthy events. They recently acquired selected assets of a bankrupt company,
Edgio, in a deal expected to generate $100M revenue boost by 2025. Large investors like
Bridgewater Associates LP and
Intech Investment Management have adjusted their stakes in the company.
AKAM's Q3 2024 earnings call demonstrated strong security and computed operations, while their Q3 results matched estimates.
Glenmede Trust Co. and
Charles Schwab Investment Management increased their holdings. The company has shown substantial growth, outperforming the market on several trading days.
Akamai also partnered with
Avesha to expand Cloud computing solutions. Their Q4 revenue forecasts are below estimates due to weak client spending. The company won the bid for Edgio's select assets and expanded its Zero Trust Security Suite. They received the ISO 14001 Attestation for their high standards in environmental management, further improving their reputation. However, the company's stock dropped after hours following a guidance cut.
Akamai Technologies AKAM News Analytics from Sat, 15 Jun 2024 07:00:00 GMT to Sat, 30 Nov 2024 20:51:44 GMT -
Rating 5
- Innovation 6
- Information 7
- Rumor 3
