18-Apr-2024
Akamai rolls out cloud infrastructure and services powered by NVIDIA
Seeking Alpha News (Mon, 15-Apr 6:47 AM ET)
Akamai rolls out cloud infrastructure and services powered by Nvidia
Seeking Alpha News (Mon, 15-Apr 6:47 AM ET)
Akamai Rolls Out Cloud Infrastructure and Services Powered by NVIDIA, Optimized for Video Processing
PRNewswire (Mon, 15-Apr 6:30 AM ET)
Akamai in talks to acquire cybersecurity startup Noname Security - TechCrunch
Seeking Alpha News (Sun, 14-Apr 10:34 AM ET)
Akamai in talks to acquire startup Noname Security for $500M - TechCrunch
Seeking Alpha News (Sun, 14-Apr 10:34 AM ET)
PRNewswire (Thu, 11-Apr 7:00 AM ET)
Akamai Expands Offerings in Hybrid DNS Infrastructure Security with Shield NS53
PRNewswire (Tue, 9-Apr 6:32 AM ET)
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)
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 April 18, 2024, AKAM stock price climbed to $100.73 with 1,209,241 million shares trading.
AKAM has a beta of 0.98, meaning it tends to be less sensitive to market movements. AKAM has a correlation of 0.17 to the broad based SPY ETF.
AKAM has a market cap of $15.19 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 underperformed the market in the last year with a price return of +21.5% while the SPY ETF gained +22.3%. AKAM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -14.4% and -5.9%, respectively, while the SPY returned +6.1% and -3.8%, respectively.
AKAM support price is $99.17 and resistance is $101.51 (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.