Several investment and retirement funds have either increased, decreased or established their stake in **Akamai Technologies** (NASDAQ:AKAM), such as **Geode Capital Management**, **Parnassus Growth Equity Fund**, **Retirement Systems of Alabama**, and **Charles Schwab Investment Management**. The company's stock has had varying performance compared to its competitors. In recent transactions, **Akamai** acquired select assets of **Edgio** and the customer contracts, expanding its content delivery portfolio. Its **Guardicore Segmentation** provided a 152% return on investment, saving companies substantial amounts in cybersecurity costs. The company's CAGR of 3.2% over the last five years surpassed its earnings growth. **Akamai's** Q3 earnings met the estimates, and their computing highlights were touted as strong. However, the company's stock experienced drops on particular days despite outperforming competitors. The company launched a game-changing cloud platform, reducing app deployment time by nearly 95%, and achieved ISO 14001 attestation for high standards in environmental management systems. It has also expanded its cloud computing solutions through a partnership with **Avesha** and joined the **Streaming Video Technology Alliance**.
Akamai Technologies AKAM News Analytics from Thu, 08 Aug 2024 07:00:00 GMT to Sat, 14 Dec 2024 10:38:40 GMT -
Rating 3
- Innovation 5
- Information 7
- Rumor -1
