Akamai's 20% CAGR In Security Services Boosts The Stock's Outlook. [Seeking Alpha]
Cloudflare, Inc. Class A (NET)
Last cloudflare, inc. class a earnings: 2/13 04:15 pm
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Source: Seeking Alpha
The company is transitioning away from its content delivery business and focusing on security and compute, which are generating incremental revenue. Akamai's security segment has been successful, accounting for a growing share of overall revenue and offsetting declines in the legacy CDN segment. The segment is growing at a 20% CAGR. Investment Thesis While observing Akamai's ( NASDAQ: AKAM ) performance over the past twelve months, I noticed that the performance has been quite lumpy, with bubbles of outperformance and troughs of underperformance as can be seen in the chart below. The cloud services company's full-year FY23 performance that it reported last month adds further support to my argument about how Akamai's performance has been lumpy. The stock tanked 8% after a revenue miss in Q4 FY23 . Akamai continues to be in a transition of sorts after it ceded immense market share to Cloudflare ( NET ) in its content delivery business. Management is in the middle of turning aro
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NET
News
- Cloudflare (NET) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- 3 Top Cybersecurity Stocks to Buy in April [Yahoo! Finance]Yahoo! Finance
- Cloudflare (NET) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Cloudflare retains Outperform rating ahead of earnings report: Baird [Seeking Alpha]Seeking Alpha
- Stainless is helping OpenAI, Anthropic and others build SDKs for their APIs [Yahoo! Finance]Yahoo! Finance
NET
Earnings
- 2/8/24 - Beat
NET
Sec Filings
- 4/25/24 - Form 4
- 4/19/24 - Form 4
- 4/19/24 - Form ARS
- NET's page on the SEC website