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Akamai Research Finds 29% of Web Attacks Target APIs
PRNewswire (Tue, 19-Mar 6:32 AM ET)
Akamai and Neural Magic Partner to Accelerate Deep Learning AI
PRNewswire (Tue, 12-Mar 6:30 AM ET)
Scaleflex Joins Akamai Qualified Computing Partner Program
PRNewswire (Thu, 7-Mar 6:30 AM ET)
DDoS Attacks on Financial Services Industry Up 154%, According to New FS-ISAC/Akamai Report
PRNewswire (Wed, 6-Mar 6:32 AM ET)
Akamai Unveils New Capabilities in App & API Protector to Strengthen and Simplify Security Defenses
PRNewswire (Mon, 4-Mar 6:30 AM ET)
Akamai Extending Industry-Leading Segmentation Solution to Hybrid Cloud Environments
PRNewswire (Tue, 27-Feb 6:00 AM ET)
Akamai Takes Cloud Computing to the Edge
PRNewswire (Tue, 13-Feb 4:01 PM ET)
AKAMAI REPORTS FOURTH QUARTER 2023 AND FULL-YEAR 2023 FINANCIAL RESULTS
PRNewswire (Tue, 13-Feb 4:00 PM ET)
Akamai Announces Content Protector to Stop Scraping Attacks
PRNewswire (Tue, 6-Feb 6:31 AM ET)
PRNewswire (Tue, 16-Jan 7:00 AM ET)
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 325,000 servers distributed over 4,100 points of presence in more than 1,000 cities worldwide. The firm also offers security and cloud computing for its customers, and those businesses have grown to be bigger than the legacy CDN.
Akamai Techs trades on the NASDAQ stock market under the symbol AKAM.
As of March 28, 2024, AKAM stock price declined to $108.93 with 298,308 million shares trading.
AKAM has a beta of 0.94, meaning it tends to be less sensitive to market movements. AKAM has a correlation of 0.16 to the broad based SPY ETF.
AKAM has a market cap of $16.43 billion. This is considered a Large Cap stock.
Last quarter Akamai Techs reported $995 million in Revenue and $1.69 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.09.
In the last 3 years, AKAM stock traded as high as $129.17 and as low as $70.65.
The top ETF exchange traded funds that AKAM belongs to (by Net Assets): VTI, VOO, VO, CIBR, SPY.
AKAM has outperformed the market in the last year with a return of +42.6%, while the SPY ETF gained +33.7%. However, in the most recent history, AKAM shares have underperformed the stock market with its stock returning -8.5% in the last 3 month period and -0.5% for the last 2 week period, while SPY has returned +10.2% and +1.8%, respectively.
AKAM support price is $108.41 and resistance is $110.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AKAM stock will trade within this expected range on the day.