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Akamai Technologies, Inc. - $AKAM STOCK NEWS

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Akamai Technologies (NASDAQ: AKAM) has announced that EZDRM has joined its Qualified Compute Partner Program.

EZDRM will offer a native configuration of its digital rights management as a service (DRMaaS) within the Akamai Connected Cloud.

This integration aims to enhance low-latency streaming services by working tightly with edge encoders and packagers.

EZDRM's close collaboration with Bitmovin and Ateme technologies helps to reduce potential attack surfaces while delivering competitive pricing.

The partnership will enable service operators and content owners to distribute premium content securely to a wide range of devices via the Akamai Connected Cloud.

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Akamai Technologies, Inc. reported first-quarter 2024 financial results with revenue of $987 million, an 8% increase year-over-year. Security and compute revenue grew by 22%, reaching 64% of total revenue. Non-GAAP net income per diluted share was $1.64, up 17% year-over-year. The company authorized a new $2.0 billion share repurchase program.

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Akamai Technologies, a leading cloud company, won multiple awards at the 18th annual Stevie® Awards for Sales & Customer Service. They received Gold for Customer Service Department of the Year, Silver for Best Feedback Strategy, and Bronze for Best Use of Technology in Customer Service. The company's dedication to customer success was highlighted by Rick Myers, Senior Director of Service Solutions.

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Akamai Technologies, Inc. has announced its intent to acquire API security company Noname in a deal worth approximately $450 million. This acquisition aims to enhance Akamai's API Security solution, offering customers comprehensive protection across all API traffic locations. The integration of Noname is expected to provide greater scale, deployment choices, and technology integrations to Akamai's platform, meeting the increasing demand for API protection in the market.

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Akamai Technologies introduced the Akamai Guardicore Platform, combining Zero Trust Network Access and microsegmentation to enhance enterprise security. The platform helps prevent ransomware, meet compliance requirements, and secure hybrid work environments and cloud infrastructure. With a focus on simplifying security and increasing visibility, Akamai aims to address the evolving threats posed by ransomware groups. The platform offers a unified policy engine, streamlined infrastructure, broad visibility, and modular flexibility, leveraging AI to enhance user experience, vulnerability assessments, compliance, and incident response.

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Akamai Announces 2023 Sustainability Report and Microsite

Akamai Technologies, Inc. (NASDAQ: AKAM) released its 2023 sustainability report, highlighting progress on its 2030 sustainability goals introduced in 2021. The company launched a new sustainability microsite to showcase its commitment to environmental responsibility, particularly through the Akamai Connected Cloud. The platform's global reach and energy-efficient design aim to reduce emissions and improve operational efficiency.

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Akamai Technologies, Inc. announces that its API Security product has achieved PCI DSS 4.0 compliance, with a 200% increase in customer demand since its launch in 2023. The product offers native connector features, real-time threat blocking, and seamless integrations with leading platforms. The State of the Internet report underscores the importance of API security, with one-third of web attacks targeting APIs. Positive customer feedback highlights the product's effectiveness, ease of use, and monitoring capabilities.
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Akamai Technologies, Inc. introduces a new media-optimized offering powered by NVIDIA GPUs to enhance video processing for media and entertainment companies. The new cloud-based service using the NVIDIA RTX 4000 Ada Generation GPU processes frames per second 25x faster than traditional CPU-based methods, providing improved productivity and economics. Akamai's solution enables companies to build scalable, resilient architectures with faster, more reliable workloads, supporting multicloud architectures and cloud agnostic environments.
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Akamai Technologies, Inc. (AKAM) will hold a conference call on May 9, 2024, to discuss its first quarter 2024 financial results and provide forward-looking financial guidance.
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Akamai Technologies, Inc. launches Akamai Shield NS53 to protect on-premises DNS infrastructure from resource exhaustion attacks, complementing its cloud-based DNS solutions. The product aims to prevent DDoS attacks on critical DNS infrastructure, providing security, availability, and performance improvements.
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Akamai Technologies, Inc.

Nasdaq:AKAM

AKAM Rankings

AKAM Stock Data

14.51B
148.63M
1.82%
98.3%
5.22%
Data Processing, Hosting, and Related Services
Information
Link
United States of America
CAMBRIDGE

About AKAM

if you've ever shopped online, downloaded music, watched a web video or connected to work remotely, you've probably used akamai's cloud platform. akamai helps businesses connect the hyperconnected, empowering them to transform and reinvent their business online. we remove the complexities of technology so you can focus on driving your business faster forward – enabling you to embrace trends like cloud, mobile and media, while overcoming the challenges presented by security threats and the need to reach users globally. customers trust our cloud platform to securely deliver high-performing user experiences to any device, anywhere. reaching globally and delivers locally, the akamai intelligent platform™, provides customers with unmatched reliability, security, and visibility into their online businesses. follow us at @akamai, visit our facebook page at http://www.facebook.com/akamaitechnologies, and check out our videos on youtube at http://www.youtube.com/user/akamaitechnologies. a