Akamai Technologies Inc - AKAM STOCK NEWS

Akamai Technologies (NASDAQ: AKAM) has announced a new Managed Container Service designed to help companies deliver better user experiences by running workloads closer to users, devices, and data sources. This service significantly advances Akamai's cloud computing strategy, operating across more than 700 cities and 4,300 points of presence on what Akamai describes as the world's most distributed cloud platform.

The service is currently being tested with customer applications in over 100 cities. According to Adam Karon, Akamai COO and GM of Cloud Technology Group, the service allows businesses to maintain predictable costs as applications scale, positioning Akamai as a key platform in enterprise multicloud environments.

Akamai's Managed Container Service enables businesses to run data-intensive workloads with low latency, leveraging Akamai's full-stack cloud computing infrastructure including GPUs, VPUs, object storage, managed database service, and network services.

Akamai Technologies (NASDAQ: AKAM) has secured a significant multi-year strategic agreement with one of the world's largest technology companies, involving a commitment to spend over $100 million on Akamai's cloud computing services. The deal encompasses Akamai's full-stack cloud computing capabilities, allowing the customer to utilize Akamai's complete portfolio for managing, delivering, and securing data to enhance their infrastructure services.

As part of the implementation, Akamai will deploy managed Kubernetes clusters in secured virtual private cloud environments, handle load-balancing of user traffic, and implement integrated application and network security on Akamai Cloud. These services aim to optimize performance while offering more competitive cloud economics and enabling local traffic and data management.

Akamai Technologies (NASDAQ: AKAM) reported its Q4 and full-year 2024 financial results. Q4 revenue reached $1.020 billion, up 3% year-over-year, with security and compute revenue representing 69% of total revenue, growing 16% YoY. Q4 GAAP EPS was $0.91, down 12% YoY.

For full-year 2024, revenue totaled $3.991 billion, up 5% YoY. Security revenue grew to $2.043 billion (+16% YoY), while delivery revenue declined to $1.318 billion (-15% YoY). Compute revenue increased to $630 million (+25% YoY). The company maintained strong cash flow, generating $1.519 billion from operations, representing 38% of revenue.

During Q4, Akamai repurchased 1.4 million shares for $138 million at an average price of $97.43. For the full year, the company bought back 5.6 million shares for $557 million at an average price of $99.14 per share.

Akamai Technologies (NASDAQ: AKAM) has released the 'Defenders' Guide 2025: Fortify the Future of Your Defense', a comprehensive cybersecurity report designed to help security professionals combat emerging threats. The report introduces new findings on risk scoring, VPN abuse, and advanced malware techniques.

Key highlights include a novel risk scoring model for quantifying organizational vulnerabilities, insights into botnet families like NoaBot and RedTail, and research on VPN vulnerabilities exploited by threat actors. The guide also covers Kubernetes vulnerabilities and cross-site scripting defense strategies.

According to Boaz Gelbord, SVP and Chief Security Officer at Akamai, this research-driven approach helps organizations optimize security investments and reduce costly incident risks. The report differs from conventional threat reports by providing actionable intelligence rather than abstract trends, specifically targeting first-line defenders.

Akamai Technologies (NASDAQ: AKAM) has achieved three significant recognitions for its commitment to ethical business practices and sustainability. The company has been named to the 2025 JUST 100 Rankings, where it ranked #1 among internet companies in the categories of 'Workers,' 'Customers,' and 'Communities'.

Additionally, Akamai has maintained its position in the Dow Jones Sustainability Indices (DJSI) for the 11th consecutive year and the FTSE4Good Index Series for the 10th consecutive year. These achievements highlight the company's dedication to corporate responsibility, environmental stewardship, and stakeholder value creation.

Mike Mattera, Director of Corporate Sustainability at Akamai, emphasized that these recognitions reflect the company's commitment to ethical business practices and environmental stewardship, crediting the collective efforts of employees, customers, and partners in making a meaningful difference globally.

Akamai Technologies (NASDAQ: AKAM), a leading cybersecurity and cloud computing company, has announced its upcoming fourth quarter and full-year 2024 financial results conference call. The investor conference call is scheduled for Thursday, February 20, 2025, at 4:30 p.m. ET.

The company, which specializes in powering and protecting online businesses, will present its financial performance and may include additional forward-looking information during the call.

Akamai Technologies (NASDAQ: AKAM) has received multiple industry recognitions for its API Security solution, including the Top InfoSec Innovator Awards 2024 from Cyber Defense Magazine, CyberSecurity Breakthrough's 'API Security Platform of the Year,' and the Global InfoSec Awards 2024's Publisher's Choice API Security. The company was also named a Leader and Fast Mover in GigaOm Radar for API Security.

The recognition validates Akamai's position in addressing critical API security challenges. According to Akamai's State of the Internet report, the company recorded 108 billion API attacks between January 2023 and June 2024. These attacks can result in data breaches, service disruptions, and significant financial impacts for businesses.

Akamai Technologies (NASDAQ: AKAM) has completed its acquisition of select assets from Edgio, following approval from the U.S. Bankruptcy Court for the District of Delaware on Nov. 26, 2024. The acquisition includes specific customer contracts in content delivery and security, along with non-exclusive patent license rights from Edgio's portfolio. The deal excludes Edgio's personnel, technology, and network assets. This strategic move enables Akamai to provide several hundred new customers with a migration path to its services before Edgio's content delivery network ceases operations. These customers will also gain access to Akamai's comprehensive security and cloud solutions.

Akamai Technologies released a new study demonstrating the significant economic impact of their Guardicore Segmentation solution. The study, conducted by Forrester Consulting, revealed a 152% return on investment with a total benefit of US$9.6 million over three years for a composite organization.

Key findings include: US$4.1 million recouped over three years through reduced attack surface, 70% reduction in incident management effort by year 3, and 33% fewer cybersecurity professionals needed, saving nearly US$1.4 million. The solution also saved over US$2.9 million by reducing legacy systems.

The study was based on interviews with five representatives using Akamai Guardicore Segmentation, focusing on a composite global organization with US$1 billion annual revenue and 5,000 employees across 10 global locations.