Akamai Technologies (AKAM) has been under the limelight owing to various market actions and updates. The company's performance is seen to outperform the broader market. Scheduled Q4 and full-year 2024 earnings call along with investor conference calls, indicating their active communication with investors. While their long-term narrative is questioned until delivery improves, the company has witnessed a position increase by
Nordea Investment Management AB. Their Q3 2024 earnings call highlighted strong security and compute, however, their EPS missed expectations and insiders sold US$2.5m of stock, possibly signaling caution. Nevertheless, analysts perceive AKAM as a strong growth, value, and possibly undervalued cybersecurity stock.
Akamai also announced a winning bid for select assets of Edgio and completed this acquisition, which is expected to boost their Cloud services. Collaborations like with Avesha for expanding Cloud Computing solutions, Kyndryl for zero trust segmentation services, and joining the Streaming Video Technology Alliance are strategic moves. Partnering with
Avesha expands their compute solutions while their wide ISO 14001 attestation highlights environmental management standards. They did face a market dip recently and witness oversold conditions, but their technical ratings are improving. Amid this, they are also focusing on API security, where Akamai dominated the API Security Awards and announced to acquire API Security Company Noname.
Akamai Technologies AKAM News Analytics from Tue, 07 May 2024 07:00:00 GMT to Thu, 09 Jan 2025 23:15:22 GMT -
Rating 4
- Innovation 8
- Information 6
- Rumor -6
