Welcome to our dedicated page for Akamai Technologies news (Ticker: AKAM), a resource for investors and traders seeking the latest updates and insights on Akamai Technologies stock.
Akamai Technologies, Inc. reports developments in cybersecurity, cloud computing, and content delivery for enterprises, public-sector customers, media operators, and digital businesses. The company describes its business through Security, Delivery and other cloud applications, and Cloud Infrastructure Services, including Akamai Cloud and edge-based infrastructure.
Recurring updates include quarterly financial results, API security capabilities such as Security Posture Center and code-to-runtime mapping, brand-impersonation protection through Akamai Brand Guardian, threat research from State of the Internet reports, and partner or contract activity involving compute, streaming analytics, application delivery, and public-sector procurement.
Akamai Technologies (NASDAQ: AKAM) has been recognized as a Leader in The Forrester Wave™: DDoS Mitigation Solutions, Q1 2021 evaluation. This recognition stems from Akamai achieving the highest scores in critical areas such as volumetric scrubbing, service delivery, and threat intelligence. Akamai's DDoS protection portfolio includes Kona Site Defender and Prolexic, catering to diverse client needs. The company also addressed the increased risks of DDoS attacks seen in 2020, where it mitigated record-breaking attacks. This accolade reinforces Akamai's position as a trusted vendor for enterprises seeking robust DDoS protection.
Akamai Technologies (NASDAQ: AKAM) will hold a virtual Investor Summit on February 25, 2021, starting at 8:30 a.m. ET. The event will feature formal presentations discussing key company priorities and may include forward-looking financial guidance. A Q&A session is scheduled from 11:30 a.m. to 12:30 p.m. ET. Registered attendees can access the live webcast through a provided link, and an archive will be available on the Investor Relations page after the event.
Akamai secures and delivers digital experiences for major brands globally.
Akamai Technologies reported strong performance for Q4 and full-year 2020, with revenues of $846 million for Q4, reflecting a 10% year-over-year increase, and total annual revenue of $3.2 billion, up 11%. The company achieved a GAAP EPS of $0.68 for Q4 and $3.37 for the full year, marking a 16% yearly increase. Notably, its Cloud Security Solutions revenue surpassed $1 billion, growing 25%. The company also exceeded its 30% non-GAAP operating margin goal, further demonstrating robust financial health amidst the pandemic.
Akamai Technologies (NASDAQ: AKAM) announced a significant organizational realignment aimed at enhancing agility and growth in its $1 billion security business. Effective March 1, the company will form two new groups: Security Technology and Edge Technology, alongside a unified Global Sales Organization. Key appointments include Rick McConnell and Adam Karon leading the new groups, and Dr. Robert Blumofe as chief technology officer to drive innovation. Akamai's leadership expressed confidence that the restructuring will better position the company to meet evolving digital business demands and capitalize on growth opportunities.
Akamai Technologies (NASDAQ: AKAM) announced the acquisition of Inverse, a Montreal-based company, to enhance its enterprise security offerings and expand its zero trust and secure access service edge (SASE) solutions for IoT. The all-cash deal aims to leverage Inverse's data repository and advanced algorithms to improve device visibility and security controls as the number of internet-connected devices is projected to reach 41.6 billion by 2025. The transaction is not anticipated to materially affect Akamai's financial results for 2020 and is expected to close in Q1 2021.
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Akamai (NASDAQ: AKAM) has announced a partnership with Plume to enhance Smart Home Services for broadband subscribers. This collaboration enables Akamai's global customer network and sales teams to access Plume's services, focusing on security and personalized experiences. The combined offerings aim to increase average revenue per user (ARPU), improve customer satisfaction (NPS), and reduce operational costs. The partnership leverages Akamai's threat intelligence and Plume's Consumer Experience Management Platform to enhance digital service delivery across fixed and mobile networks.
Akamai Technologies (NASDAQ: AKAM) has announced a virtual Investor Summit scheduled for February 25, 2021, starting at 8:30 a.m. ET. Management will discuss key priorities and may share forward-looking financial guidance. Attendees can register for a live webcast through Akamai's website, with an archive available afterwards for a limited time. Akamai's intelligent edge platform secures and delivers digital experiences, serving some of the world’s largest companies.
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