Akamai: Strong Performing Security And Compute Verticals [Seeking Alpha]
Akamai Technologies, Inc. (AKAM)
Last akamai technologies, inc. earnings: 4/28 04:01 pm
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US:NASDAQ Investor Relations:
ir.akamai.com
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Source: Seeking Alpha
Transition away from traditional markets to focus on security and edge computing. Competition and pricing pressures affecting revenues in traditional verticals. Investment Thesis Akamai Technologies ( NASDAQ: AKAM ) posted results on the 13th, February, beating on EPS estimates but falling short on revenues. The share price fell proceeding the results and now trades on the 200-day moving average. The company has transitioned away from their traditional markets in CDN to offer security and edge computing which I believe will drive long-term results. However, the competition is fierce, with pricing pressures affecting revenues in one of their more traditional verticals. Background AKAM was previously a leader in Content Delivery Networks (CDN). CDN's were designed to increase the performance of the internet by distributing traffic over a range of servers. They were invented in the late 1990s and AKAM built a successful business with sales growing 27% CAGR between the early 20
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AKAM
News
- Akamai Helps Organizations Achieve Greater Security with New Zero Trust Platform [Yahoo! Finance]Yahoo! Finance
- Akamai Helps Organizations Achieve Greater Security with New Zero Trust PlatformPR Newswire
- Akamai Announces 2023 Sustainability Report and Microsite [Yahoo! Finance]Yahoo! Finance
- Akamai Announces 2023 Sustainability Report and MicrositePR Newswire
- Akamai Technologies, Inc. (NASDAQ: AKAM) had its price target lowered by analysts at Citigroup Inc. from $140.00 to $117.00. They now have a "neutral" rating on the stock.MarketBeat
AKAM
Earnings
- 2/13/24 - Beat
AKAM
Sec Filings
- 4/15/24 - Form 4/A
- 4/1/24 - Form 4/A
- 4/1/24 - Form 4/A
- AKAM's page on the SEC website