Akamai Technologies (AKAM) Stock

Tech stocks such as Jabil, Keysight, Akamai, Pinterest, and Universal Display are expected to be good investment choices in 2025. This is due to their strong product range, innovative offerings, and the integration of AI technology.

Akamai Technologies, Inc. (NASDAQ: AKAM), a company specializing in cyber security and cloud computing, has been acknowledged by leading industry experts. On December 18, 2024, they announced that their API Security solution has been identified as a top choice by various independent sources.

CAMBRIDGE, Mass., Dec. 9, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), a cloud company that supports and secures online activities, has published a new study. The study reveals that Akamai Guardicore Segmentation provided a total benefit of $9.6 million over three years and covered its own costs.

Cloud companies are doing really well right now, thanks to a lot of interest from analysts.

Akamai has improved its cloud security offerings by upgrading its Guardicore Segmentation and Enterprise Application Access solutions.

Akamai is dedicated to assisting customers in reaching their Zero Trust objectives. On November 19, 2024, the company announced that it is enhancing its top segmentation solution, Akamai Guardicore Segmentation, to provide agentless enforcement for cloud-native resources in Amazon Web Services (AWS). This update broadens its current features in cloud settings.

On November 15, 2024, in Cambridge, Massachusetts, Akamai (NASDAQ: AKAM), a company specializing in cybersecurity and cloud computing, announced that it has successfully bid to acquire certain assets from Edgio. This includes customer contracts related to Edgio's security and content delivery services, as well as non-exclusive rights to use Edgio's complete patent portfolio.

Akamai Technologies reported mixed results for Q3, with a 3.6% increase in revenue compared to last year, but a notable decline in GAAP operating margin because of restructuring costs. The company's future outlook is not strong, as they have reduced their full-year revenue and profit predictions, resulting in a 15% decrease in share price. However, Akamai's security and computing divisions appear to have good growth potential, especially in cloud services and online security.

Akamai Technologies, Inc. has introduced the Akamai App Platform, which addresses three major obstacles to wider Kubernetes use: skills, scale, and vendor lock-in. This platform provides a straightforward solution for deploying, managing, and scaling distributed applications. The announcement was made on November 12, 2024, in Cambridge, Massachusetts.