Akamai Technologies Inc Stock Price, News & Analysis

Akamai Technologies (NASDAQ: AKAM) announced its agreement to acquire Linode for approximately $900 million, positioning itself as the world's most distributed cloud services provider. This acquisition aims to combine Linode's user-friendly infrastructure-as-a-service with Akamai's edge computing and security capabilities. Expected to close in Q1 2022, the deal is projected to add $100 million in revenue and slightly enhance non-GAAP EPS by $0.05-$0.06 for fiscal 2022. The integration promises significant benefits for developers by providing an expansive platform for application development.

Akamai Technologies reported solid financial results for Q4 and the full year ended December 31, 2021. Q4 revenue reached $905 million, a 7% increase year-over-year, with Security Technology Group revenue soaring 23% to $365 million. Full-year revenue hit $3.5 billion, up 8%, with GAAP EPS of $3.93, a 17% rise. Akamai announced the acquisition of Linode, enhancing its cloud computing capabilities, following the Guardicore acquisition. GAAP operating margin was 23% and non-GAAP operating margin 32%.

Akamai Technologies released its latest report titled "Pirates in the Outfield," revealing the significant impact of online piracy on industries. The report highlights that U.S. piracy costs the economy $29.2 billion annually, with 3.7 billion global unlicensed streams and downloads between January and September 2021. Major industries affected include television and publishing. Akamai emphasizes the need for collaborative anti-piracy strategies as piracy continues to evolve, reflecting a 16% rise over the previous period.

FS-ISAC has launched the Critical Providers Program aimed at enhancing the security of the financial sector's supply chain. This initiative is a response to the increasing cyber threats faced by critical service providers in the financial industry. Akamai Technologies (NASDAQ: AKAM) is a founding member, facilitating dialogue on cyber threat intelligence. The program will ensure timely communication during cyber incidents, empowering members to act swiftly and effectively. FS-ISAC's initiative represents a significant step in safeguarding financial institutions against evolving cyber threats.

Akamai Technologies, Inc. (NASDAQ: AKAM) announced a conference call for investors scheduled on February 15, 2022, at 4:30 PM ET. The call will discuss the company's fourth quarter and full-year 2021 financial results, possibly including forward-looking financial guidance. Investors can join the live call by dialing (844) 578-9671 (U.S.) or (508) 637-5655 (international), using Conference ID: 7579719. A replay will be available for two weeks following the call. More details are accessible on Akamai's Investor Relations page.

Akamai Technologies participated in the White House Open Source Software Security Summit on January 13, 2022, emphasizing the importance of enhancing open source software security. The company identified key strategies including increasing visibility into open source reliance, strong ownership of critical libraries, building containment plans for vulnerabilities, improving information sharing, and expanding government authorization for rapid defense solutions. Akamai highlighted the significance of investments in open source technologies to ensure security and innovation, particularly following the recent Log4j vulnerability.

Akamai Technologies has been recognized once again for its strong commitment to sustainability, being included in the 2021 Dow Jones Sustainability Indices and the FTSE4Good Index. This marks the company's ongoing presence in the DJSI since 2013 and its seventh consecutive year in the FTSE4Good Index. Akamai improved its scores across all three ESG assessment categories: Governance and Economic, Environmental Dimension, and Social Dimension. The company reported a reduction in greenhouse gas emissions by over 30% since 2015 and powers its edge platform with 50% renewable energy.