Latest news with #AkamaiTechnologies
Arabian Post
3 days ago
- Business
- Arabian Post
Akamai Advances as Major Player in Public Cloud IaaS Market
Akamai Technologies has solidified its position as a major contender in the public cloud Infrastructure as a Service landscape, according to the latest vendor evaluation by a leading industry analyst. The assessment highlights Akamai's strategic focus on expanding its datacenter footprint, advancing security technologies, and enhancing low-latency application delivery as key factors that strengthen its appeal to enterprises undergoing cloud transformation. The report underscores Akamai's extensive expertise in content delivery networks and cybersecurity as a distinctive advantage, enabling the company to address the demanding needs of global, high-performance content distribution. This proficiency positions Akamai to manage complex workloads efficiently, particularly for businesses requiring stringent security measures and minimal latency in application access. Akamai's Cloud initiative integrates cloud infrastructure, delivery, and security services into a unified platform, reflecting a deliberate move to provide a holistic solution tailored for secure, reliable, and performant content delivery. This approach caters to sectors where latency sensitivity and data protection are critical, such as financial services, healthcare, and media streaming. ADVERTISEMENT Datacenter expansion plays a central role in Akamai's strategy to enhance its global reach and service quality. By increasing physical infrastructure capacity across multiple geographic regions, the company reduces latency and improves resilience, which are vital for customers with distributed user bases and high availability demands. This infrastructure growth complements Akamai's network capabilities, creating an ecosystem designed for scalability and responsiveness. Security innovation remains a pillar of Akamai's offerings, driven by growing cyber threats and regulatory pressures worldwide. The company's solutions incorporate advanced threat detection, automated mitigation, and zero-trust architecture principles, addressing both traditional and emerging security challenges in cloud environments. Akamai's ability to integrate these security features natively into its delivery platform provides customers with robust protection without compromising performance. The combination of CDN and security expertise enables Akamai to manage the complexities of delivering dynamic and static content securely across global networks. This dual focus allows the company to support not only high-bandwidth applications but also those that demand real-time data integrity and privacy compliance, such as IoT deployments and critical enterprise applications. Akamai's platform is designed to serve latency-sensitive applications by optimising traffic routing, edge computing capabilities, and intelligent caching strategies. These features reduce delays and improve user experience, especially in scenarios like online gaming, video conferencing, and e-commerce, where milliseconds can significantly impact performance and customer satisfaction. The assessment also notes that Akamai's approach aligns well with current market trends where hybrid and multi-cloud strategies are increasingly prevalent. Enterprises seek flexible, integrated solutions that can secure and deliver workloads seamlessly across different cloud environments. Akamai's platform, with its comprehensive cloud and security integration, meets this demand by enabling interoperability and consistent policy enforcement across infrastructures. Industry experts observe that Akamai's evolution from a CDN specialist to a cloud IaaS major player reflects the broader shift in the cloud market, where content delivery, security, and infrastructure services converge to meet complex enterprise requirements. This transformation requires significant investment in technology innovation and infrastructure, both of which Akamai appears committed to maintaining. The company's customer portfolio spans sectors that demand high levels of service assurance, including telecommunications, finance, healthcare, and media. Its ability to deliver content securely and swiftly supports critical business operations, regulatory compliance, and customer engagement strategies, underscoring the commercial value of its cloud offerings. Akamai faces competition from established hyperscalers and specialised cloud providers, but its distinct combination of CDN, security, and cloud infrastructure capabilities provides differentiation. This unique positioning enables it to address niche market needs that may not be fully covered by larger, generalist cloud platforms.
Techday NZ
4 days ago
- Business
- Techday NZ
Akamai launches DNS solution for unified, multicloud security
Akamai Technologies has launched DNS Posture Management, a solution intended to provide unified, multicloud visibility and real-time monitoring for securing DNS infrastructure. The new product is described by Akamai as an agentless platform offering a consolidated view across a range of DNS providers. According to the company, this allows security teams to detect and respond to DNS-based attacks, certificate security risks, vulnerabilities and misconfigurations in real time. DNS is fundamental to network functionality, serving as the protocol for resolving domain names for computers, services, and other resources across the Internet and private IP networks. The critical nature of DNS has also made it a favourite target for cyberattacks such as spoofing, cache poisoning, and rogue certificate abuse. Many large organisations operate multiple DNS systems sourced from a mix of vendors to underpin both their internet and corporate network operations. Akamai notes that this complexity creates ongoing challenges for IT teams, who must keep DNS configurations current and in line with network changes, whilst maintaining proper security and performance settings. Outdated configurations or lapsed certificates can leave organisations exposed to risks, especially as requirements for post-quantum compliance increase. Security teams also contend with a high volume of alerts and complicated compliance obligations, which, if managed manually, risk allowing major issues to slip through unnoticed. Akamai asserts that automating compliance assessments and integrating these findings into incident management is now critical to efficient security processes. "DNS security often flies under the radar, but it's vital in keeping businesses secure and running smoothly," said Sean Lyons, SVP and General Manager, Infrastructure Security Solutions & Services, Akamai. "For many organisations, the challenge isn't setting up DNS - it's knowing whether all their systems are actually properly configured and secured. Those organisations really need a simple way to see what's happening across their DNS environment to take action quickly. That's the problem we're solving with DNS Posture Management. Security practitioners get a clear, unified view that helps them identify priority issues early, stay compliant, and keep their networks performing at their best." Akamai highlights that misconfigurations and known DNS vulnerabilities are common, potentially undermining uptime and reliability. Such issues also increase susceptibility to serious threats including unauthorised SSL/TLS certificate issuance, DNS spoofing, and cache poisoning. Attackers could exploit these weaknesses to create forged websites that mimic a company's branding for activities such as phishing, fraud, or data theft. In some cases, they may be able to render DNS servers inoperable, resulting in service outages for both the business and its customers. Continuous compliance monitoring is cited by Akamai as necessary to address these risks, especially given expanding regulatory expectations for DNS and certificate management. DNS Posture Management automates compliance checks aligned with standards such as NIST, PCI DSS, and HIPAA, aiming to simplify the process and reduce costs for enterprise users. The solution integrates a Certificate Monitor, designed to catalogue digital certificates by their associated domains and highlight security issues such as expired, misconfigured, or unauthorised certificates. An HTTP posture analysis capability is also included to assess domains utilising these certificates. DNS Posture Management supports coverage across major cloud and DNS providers, including Akamai Cloud, AWS, Microsoft Azure, and Google Cloud Platform. The product is positioned as a unified dashboard where security teams can view zones, domains, subdomains, and records in one place. An additional Managed Security Service is available from Akamai, intended to augment internal resources with continual global security expertise, which the company says is designed to help organisations maximise the benefits of DNS Posture Management.
Yahoo
30-05-2025
- Business
- Yahoo
Akamai Technologies (NASDAQ:AKAM) shareholders have endured a 26% loss from investing in the stock three years ago
As an investor its worth striving to ensure your overall portfolio beats the market average. But its virtually certain that sometimes you will buy stocks that fall short of the market average returns. Unfortunately, that's been the case for longer term Akamai Technologies, Inc. (NASDAQ:AKAM) shareholders, since the share price is down 26% in the last three years, falling well short of the market return of around 46%. So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). Akamai Technologies saw its EPS decline at a compound rate of 7.3% per year, over the last three years. The share price decline of 10% is actually steeper than the EPS slippage. So it seems the market was too confident about the business, in the past. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Dive deeper into the earnings by checking this interactive graph of Akamai Technologies' earnings, revenue and cash flow. Akamai Technologies shareholders are down 16% for the year, but the market itself is up 14%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 5% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We've spotted 3 warning signs for Akamai Technologies you should be aware of. If you like to buy stocks alongside management, then you might just love this free list of companies. (Hint: most of them are flying under the radar). Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
15-05-2025
- Business
- Yahoo
Akamai Announces Pricing of Upsized Offering of Convertible Senior Notes
CAMBRIDGE, Mass., May 14, 2025 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM) ("Akamai"), the cybersecurity and cloud computing company that powers and protects business online, today announced that it has priced its private offering of $1.5 billion in aggregate principal amount of convertible senior notes due 2033. The notes will be sold only to persons reasonably believed to be "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). In addition, Akamai has granted the initial purchasers of the notes an option to purchase up to an additional $225.0 million in aggregate principal amount of notes on the same terms and conditions. The sale of the notes is expected to close on May 19, 2025, subject to customary closing conditions. The offering was upsized from the previously announced offering of $1.35 billion aggregate principal amount of convertible senior notes. The notes will be senior unsecured obligations of Akamai and will mature on May 15, 2033, unless earlier converted or repurchased in accordance with their terms. The notes will bear interest at a rate of 0.25% per year, payable semiannually in arrears on May 15 and November 15 of each year, beginning on November 15, 2025. The notes will be convertible prior to the close of business on the business day immediately preceding January 15, 2033 only under certain circumstances and will be convertible thereafter at any time prior to the close of business on the second scheduled trading day immediately preceding the maturity date regardless of these circumstances. Upon conversion, Akamai will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of its common stock or a combination of cash and shares of common stock, at Akamai's election, in respect of the remainder, if any, of Akamai's conversion obligation in excess of the aggregate principal amount of the notes being converted. The conversion rate will initially be 10.7513 shares of Akamai's common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $93.01 per share of Akamai's common stock, subject to adjustments in certain events. The initial conversion price represents a premium of approximately 20% to the $77.51 per share closing price of Akamai's common stock on May 14, 2025. Akamai estimates that the net proceeds from this offering will be approximately $1,479.1 million (or approximately $1,701.3 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discounts and estimated offering expenses payable by Akamai. Subject to costs and expenses related to the convertible note hedge and warrant transactions and share repurchases described below, Akamai intends to use the remaining net proceeds from the offering to repay approximately $250.0 million in borrowings outstanding under its five-year senior unsecured revolving credit facility and repay at maturity a portion of its $1.15 billion outstanding aggregate principal amount of 0.375% Convertible Senior Notes due 2027, which mature on September 1, 2027, and/or to pay cash amounts due upon any earlier conversion thereof. Akamai intends to use $239.1 million of the net proceeds from this offering to pay the cost of the convertible note hedge transactions described below (after such cost is partially offset by the proceeds to Akamai from the sale of warrants pursuant to the warrant transactions described below). If the initial purchasers exercise their option to purchase additional notes, Akamai expects to sell additional warrants to one or more of the initial purchasers and/or their respective affiliates and/or other financial institutions (the "Option Counterparties") and use a portion of the net proceeds from the sale of such additional notes, together with the proceeds from the additional warrant transactions, to enter into additional convertible note hedge transactions with the Option Counterparties. Akamai also intends to use approximately $300.0 million of the net proceeds from the offering to repurchase shares of its common stock from purchasers of the notes in the offering in privately-negotiated transactions effected through one or more of the initial purchasers or their affiliates. The purchase price per share in such transactions will equal $77.51, the closing price per share of Akamai's common stock on May 14, 2025. Holders may require Akamai to repurchase for cash all or any portion of their notes on May 15, 2031 (the "optional repurchase date"), if the last reported sale price of Akamai's common stock on the trading day immediately preceding the business day immediately preceding the optional repurchase date is less than the conversion price, at an optional repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the optional repurchase date. In addition, if Akamai undergoes a fundamental change prior to the maturity date of the notes, subject to certain conditions and limited exceptions, holders may require Akamai to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus any accrued and unpaid interest to, but excluding, the fundamental change repurchase date. In connection with the pricing of the notes, Akamai entered into convertible note hedge transactions and warrant transactions with the Option Counterparties. The convertible note hedge transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the same number of shares of Akamai's common stock that will initially underlie the notes, including any notes purchased by the initial purchasers pursuant to their option to purchase additional notes. The convertible note hedge transactions are expected generally to reduce the potential dilution with respect to Akamai's common stock upon conversion of the notes and/or to offset any cash payments Akamai is required to make in excess of the principal amount of converted notes, as the case may be. The warrants will cover, subject to customary anti-dilution adjustments, the same number of shares of Akamai's common stock. The warrant transactions could separately have a dilutive effect with respect to Akamai's common stock to the extent that the market price per share of Akamai's common stock exceeds the strike price of the warrants, unless Akamai elects, subject to certain conditions, to settle the warrants in cash. In connection with establishing their initial hedge of the convertible note hedge and warrant transactions, the Option Counterparties and/or their respective affiliates expect to purchase shares of Akamai's common stock and/or enter into various derivative transactions with respect to Akamai's common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Akamai's common stock or the notes at that time. In addition, the Option Counterparties and/or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Akamai's common stock and/or purchasing or selling Akamai's common stock or other securities of Akamai in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so during any observation period related to a conversion of the notes or following any repurchase of the notes by Akamai). This activity could also cause or avoid an increase or a decrease in the market price of Akamai's common stock or the notes, which could affect the ability of holders to convert the notes and, to the extent the activity occurs during any observation period related to a conversion of the notes, it could affect the amount and value of the consideration that holders receive upon conversion of the notes. This press release is being issued pursuant to Rule 135c under the Securities Act and shall not constitute an offer to sell nor a solicitation of an offer to buy any of these securities (including the shares of Akamai's common stock, if any, issuable upon conversion of the notes). Any offer of notes was and will be made only by means of a private offering memorandum. The notes and the common stock issuable upon conversion of the notes, if any, have not been and will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The release contains information about future expectations, plans and prospects of Akamai's management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995, including statements with respect to Akamai's expectations to complete the offering of the notes, its use of proceeds from the offering and the effect of the concurrent stock repurchase and the convertible note hedge and warrant transactions. There can be no assurance that Akamai will be able to complete the notes offering on the anticipated terms, or at all. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the terms of the notes and the offering, risks and uncertainties related to whether or not Akamai will consummate the offering, the impact of general economic, industry, market or political conditions and other factors that are discussed in Akamai's Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC. In addition, the statements in this press release represent Akamai's expectations and beliefs as of the date of this press release. Akamai anticipates that subsequent events and developments may cause these expectations and beliefs to change. However, while Akamai may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Akamai's expectations or beliefs as of any date subsequent to the date of this press release. About Akamai Akamai is the cybersecurity and cloud computing company that powers and protects business online. Our market-leading security solutions, superior threat intelligence, and global operations team provide defense-in-depth to safeguard enterprise data and applications everywhere. Akamai's full-stack cloud computing solutions deliver performance and affordability on the world's most distributed platform. Global enterprises trust Akamai to provide the industry-leading reliability, scale, and expertise they need to grow their business with confidence. Contacts: Christine SimeoneMark Stoutenberg Media RelationsInvestor Relations Akamai TechnologiesAkamai Technologies AkamaiPR@ View original content to download multimedia: SOURCE Akamai Technologies, Inc.
Time of India
09-05-2025
- Business
- Time of India
Akamai Technologies forecasts 2025 results above estimates on security segment strength
Akamai Technologies on Thursday forecast annual results above estimates following an upbeat first quarter, helped by steady demand for its cybersecurity and cloud services . The company is seeing strong momentum in its security and compute verticals, as enterprises ramp up investments in securing applications and web infrastructure amid the accelerating adoption of cloud technologies. Akamai is also well-positioned to benefit from the surge in mobile data traffic , fueled by the growing use of mobile applications and services. Its security segment, which accounted for roughly 52% of total revenue, grew 8% to $531 million in the quarter. Shares of the Cambridge, Massachusetts-based company rose 1.4% in extended trading. Akamai expects annual revenue between $4.05 billion and $4.20 billion, the midpoint of which is above the analysts' average estimate of $4.11 billion, according to data compiled by LSEG. It sees 2025 adjusted profit per share in the range of $6.10 to $6.40, compared to estimates of $6.24. Akamai provides content delivery network (CDN) services to optimize web performance and reduce bandwidth congestion. It also offers cloud infrastructure solutions that improve the security and reliability of apps and web assets from data centers to end users. It posted first-quarter revenue of $1.02 billion, compared to analysts' average estimate of $1.01 billion. On an adjusted basis, it posted adjusted earnings of $1.70 per share for the quarter ended March 31, compared with estimates of $1.57 per share. The cybersecurity company expects second-quarter revenue between $1.01 billion and $1.03 billion. Analysts' average expectations were at $1.01 billion. The company forecasts second-quarter adjusted earnings per share in the range of $1.52 to $1.58, compared to estimates of $1.52.
