The past few years have been tough for **Akamai Technologies (NASDAQ:AKAM)**, with shareholders seeing a **26% loss** from investments over the past three years. Difficulties have also extended over the past five years, with investors finding these years to be unprofitable. Despite these setbacks, **Akamai has made strides in transitioning its business model** and made news with insightful presentations at conferences. However, their outlook has been seen as weak, leading to some decline in their stock. In a bold move, **Akamai upped the size of its offering of convertible senior notes**. Despite some financial disappointments, such as surpassing revenue milestones, Akamai's efforts in **edge AI and security** have shown promise. The company's new **VPU service** has been a game-changing cloud innovation, reducing video processing costs by a whopping 90%. The company continued to work on enhancing its **financial flexibility**, whilst some executives sold off notable amounts of their stock. According to analysts, Akamai is a favorable low beta tech stock buy amidst falling markets, signaling its potential for stability during market downturns.
Akamai Technologies AKAM News Analytics from Fri, 09 Aug 2024 07:00:00 GMT to Fri, 30 May 2025 13:01:49 GMT -
Rating -3
- Innovation 6
- Information 8
- Rumor -2
