Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies has launched its first Non-Fungible Token (NFT) artwork titled "Portrait of Life Online," which utilizes data from its Intelligent Edge Platform. The NFT will visually evolve in real-time based on internet traffic and cyberattacks. Bids can be placed from May 11 to June 24, 2022, on the Artano marketplace. All auction proceeds will support the Akamai Foundation's initiatives for STEM education. This dynamic digital artwork showcases humanity's online activities and the complexities of cyber threats, reflecting Akamai's central role in internet safety.

Akamai Technologies will host an in-person Analyst Day in New York City on May 18, 2022. The presentations will start at 8:30 a.m. ET and will feature CEO Tom Leighton and CFO Ed McGowan, discussing the company's strategy, market opportunities, and financial outlook. Investors can access the event live via Akamai's Investor Relations website. Registration is required and can be completed through the provided link. Akamai is known for powering and protecting digital experiences globally, aiding billions in their daily online activities.

Akamai Technologies reported a strong first quarter of 2022, achieving $904 million in revenue, a 7% increase year-over-year, and 9% growth when adjusted for foreign exchange. Security and Compute solutions fueled the growth, with Security revenue reaching $382 million (up 23%) and Compute revenue at $78 million (up 32%). However, GAAP EPS fell by 22% to $0.73. Despite challenges, Akamai's CEO highlighted strong performance and potential for future growth through recent acquisitions.

Akamai Technologies announced the launch of its Audience Hijacking Protector on April 26, 2022, aimed at preventing online marketing fraud and enhancing revenue opportunities for businesses. This solution addresses the challenge of audience hijacking—a growing issue where unauthorized ads divert customers. Akamai's new features enhance online security across browsers, mobile applications, and APIs, offering real-time hijacking detection and risk insights. Additional tools include Page Integrity Manager enhancements and API Data Loss Prevention to secure sensitive data and improve customer engagement.

Akamai Technologies (NASDAQ: AKAM) announced the launch of Linode Managed Database, a service supporting MySQL, PostgreSQL, Redis, and MongoDB, aimed at simplifying database deployment for developers. This product is the first offering in Akamai's compute line following its acquisition of Linode in March 2022. Linode Managed Database enables users to automate database management tasks to reduce downtime risks and improve efficiency. Initial support is available for MySQL across 11 global data centers, with additional database support expected in Q2 2022.

Akamai Technologies (NASDAQ: AKAM) will host a conference call on May 3, 2022, at 4:30 p.m. ET to discuss its first quarter 2022 financial results. The call may include forward-looking financial guidance from management. Interested investors can join via a live dial-in or listen to the broadcast on Akamai's Investor Relations page. A replay of the call will be available for two weeks post-event. Akamai provides digital solutions for security and performance, serving clients globally.

Akamai Technologies has been recognized as a Leader in the 2022 Forrester Bot Management Wave report, evaluated among 15 vendors. The report highlights Akamai's strength in bot detection with advanced machine learning and 16 layers of security. It emphasizes Akamai's proactive approach to evolving threats, showcasing solutions like Account Protector. Akamai handles over 11.5 billion bot requests daily, demonstrating significant market presence and capability. The recognition reflects customer satisfaction with Akamai's ongoing effectiveness in managing security challenges in a complex landscape.

Akamai Technologies (NASDAQ: AKAM) will hold an in-person Analyst Day on May 18, 2022, in New York City. The event begins at 8:30 a.m. ET and will feature presentations from CEO Tom Leighton, CFO Ed McGowan, and other executives, discussing Akamai's strategy, market opportunities, and financial model. Attendees can access the event live through the Investor Relations section of Akamai's website. Registration details are available here.