Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies has launched the Prolexic Network Cloud Firewall, enhancing its DDoS protection capabilities. This new tool allows customers to manage their own access control lists (ACLs) and provides improved flexibility in securing network edges.

As DDoS attacks increase, fueled by readily available tools on the dark web and more internet-connected devices, Akamai's Prolexic platform boasts a mitigation capacity of 20 Tbps. The service protects a diverse set of clients, including businesses and governments, against complex DDoS threats.

The firewall facilitates proactive defenses and efficient traffic management, enabling clients to react swiftly to threats. Akamai emphasizes that this is a significant feature enhancement, allowing users to implement security measures rapidly and effectively.

Akamai Technologies (NASDAQ: AKAM) announced the launch of Brand Protector, a solution designed to combat phishing attacks, fake online stores, and brand impersonations. This innovative tool allows organizations to protect their reputation by detecting and disrupting fraudulent activities before they escalate. Akamai's Brand Protector leverages a four-step approach: Intelligence through extensive data analysis, Detection of live traffic to identify brand abuse, Visibility via a user-friendly dashboard, and Mitigation through integrated takedown services. Akamai's platform analyzes over 600 terabytes of data daily, addressing the rising threat from 50,000 new phishing sites created weekly, helping maintain customer loyalty and revenue amidst increasing online fraud.

Akamai Technologies (NASDAQ: AKAM) announced its definitive agreement to acquire Neosec, an API detection and response platform, enhancing its security solutions amid increasing API cyber threats. This acquisition aligns with Akamai's strategy to provide comprehensive visibility and protection for APIs, addressing critical security needs as digital transformation accelerates. The combined solutions aim to secure APIs by identifying vulnerabilities and responding to attacks. Expected to close in Q2 2023, the acquisition might slightly dilute non-GAAP EPS by $0.04 to $0.06 without contributing significant revenue. Akamai plans to announce Q1 financial results on May 9, 2023, including the impact of this acquisition.

Akamai Technologies (NASDAQ: AKAM) announced a conference call on May 9, 2022, at 4:30 p.m. ET to discuss its first quarter 2023 financial results. The call will include potential forward-looking financial guidance from management. Interested parties can join the call by dialing (833) 634-5020 for U.S. participants or (412) 902-4238 for international participants. A replay will be available for two weeks post-call. The company emphasizes its role in powering and protecting online experiences through its Akamai Connected Cloud platform, which enhances digital interactions while ensuring security. Further details are accessible via Akamai's Investor Relations page.