The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Akamai (NASDAQ: AKAM) has joined as a founding member.
The Internet Ecosystem Innovation Committee (IEIC), an independent committee that promotes internet diversity and resilience through the formation of new global internet nexus points, today announced that Akamai (NASDAQ: AKAM) has joined as a founding member.
Let's check out the first-quarter results of some of the cyber security firms that have the largest allocation to the ETFs in this niche area of the technology sector.
Akamai's (AKAM) first-quarter 2020 results benefit from robust demand for the company's cloud security solutions and increased Internet traffic.
Akamai (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, today announced the launch of Page Integrity Manager, an in-browser threat detection solution designed to uncover compromised scripts that could be used to s…
Akamai (AKAM) has revealed a top-and-bottom-line beat for the first quarter, with Q1 Non-GAAP EPS of $1.20 beating forecasts by $0.04; and revenue of $764.3M (+8.2% Y/Y) beating by $14.55M.However, the stock is currently trading down 4% in Wednesday’s pre-market trading.“Akamai reported superb 1Q results and 2Q guidance that was well above the Street’s expectations, but below hyped up views of certain investors heading into the print” explained Needham analyst Alex Henderson.Exposure to retail and travel verticals is also a significant risk for AKAM right now, says Henderson, with Travel/Hospitality and Retail/Commercial customers representing 4% and 16% of revenue, respectively.Nonetheless the Needham analyst reiterated his AKAM buy rating with a $112 price target. “While conditions could worsen, we see potential for upside… we believe COVID could accelerate the tailwinds behind CDN [content delivery network] growth including greater workforce mobility, OTT viewership, and e-commerce” he explained.In particular, strong traffic growth and enterprise security bookings offset the loss of multiple live sport streaming events and pressure in the travel/retail verticals.“We achieved excellent results in the first quarter driven by continued strength in our security solutions and stronger than expected traffic growth” said Dr. Tom Leighton, CEO of Akamai.“Akamai’s Intelligent Edge Platform is uniquely positioned to help the Internet scale quickly and is a lifeline for organizations and people around the globe during this challenging time.”Looking ahead, Akamai pulled CY20 guidance based on limited visibility into how a recovery would play out. Management also gave ‘anemic’ guidance for the second quarter, which Oppenheimer analyst Timothy Horan described as ‘conservative.’He notes that AKAM produced $153 million of FCF, a 10% beat, and has $2.2B of cash and equivalents on its balance sheet.Overall the company has a cautiously optimistic Moderate Buy outlook from the Street. It’s average analyst price target stands at $110 (8% upside potential), with shares currently trading up 18% year-to-date. (See AKAM stock analysis on TipRanks).Related News: Alphabet Spikes 8% In After-Hours On ‘Better-than-Feared’ Q1 Results JPMorgan: 2 High-Yield Dividend Stocks to Snap Up (And 1 to Avoid) President Trump Asked If “Light inside the Body” Could Cure COVID-19- and This Company Wants to Give It a Try More recent articles from Smarter Analyst: * Despite Challenges, Plug Power Stock Is a Long-Term Winner * Bristol Myers to Pay Bluebird $200 Million in Royalties For Cancer Drugs * Under Armour Sinks 10% on Weaker Second-Quarter Sales Outlook * Qantas Said to Halt Plane Deliveries From Boeing, Airbus Amid Travel Freeze
The content delivery network company posted better-than-expected results for the March quarter, but withdrew its outlook for the full year given the continuing Covid-19 crisis.
Akamai (AKAM) has revealed a top-and-bottom-line beat for the first quarter, with Q1 Non-GAAP EPS of $1.20 beating forecasts by $0.04; and revenue of $764.3M (+8.2% Y/Y) beating by $14.55M.However, the stock is currently trading down 4% in Wednesday’s pre-mar…
Shareholders might have noticed that Akamai Technologies, Inc. (NASDAQ:AKAM) filed its first-quarter result this time...
The S&P 500 earnings season hits a high note. What keys get struck the hardest? Q1 earnings reports due from five tech mega-caps.
Akamai Foundation, a charitable fund endowed by Akamai Technologies, Inc. (NASDAQ: AKAM), today announces that it has launched a multi-tiered, multi-phased global community response to COVID-19 with a US$ 1.1 million pledge to support relief efforts. The goal…
Akamai earnings for the first quarter topped Wall Street targets. But Akamai stock fell amid expectations video traffic on its internet network had jumped during the coronavirus emergency.
TetherView will host its Third Annual TetherView Cyber Security Summit "Controlling IT Chaos in Post COVID-19 World", in partnership with Oppenheimer, Columbia University, Cyxtera, and Akamai (AKAM). In light of the COVID-19 pandemic and the challenges presen…
Akamai (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, today announced the launch of Page Integrity Manager, an in-browser threat detection solution designed to uncover compromised scripts that could be used to steal user data or impact the user experience. Initially popularized by Magecart groups, and now being leveraged by other threat actors, the attack vector of malicious web page scripts is growing and has become a frequent source of data breaches.
Akamai Foundation, a charitable fund endowed by Akamai Technologies, Inc. (NASDAQ: AKAM), today announces that it has launched a multi-tiered, multi-phased global community response to COVID-19 with a US$ 1.1 million pledge to support relief efforts. The goal of the global COVID-19 charitable giving campaign is to provide direct relief in Akamai communities, work hand-in-hand with Akamai employees in giving back, and expand the opportunity for social good beyond Akamai.
Strong Google results signaled a rebound for the coronavirus stock market rally. Boeing, Facebook, Tesla earnings loom.
Here is a sneak peek at how four technology stocks might fare in their quarterly results slated to release on Apr 28.
Tom Leighton has been the CEO of Akamai Technologies, Inc. (NASDAQ:AKAM) since 2013. First, this article will compare...
Strong revenue growth of 38% and $187 million in cash. The company management has indicated that business has benefited from the pandemic and has raised full-ye
LLNW has faded into and out of first quarter earnings. Investors no doubt expected more from guidance, given tailwinds from higher Internet and streaming video usage. The longer-term story isn't broken, but as has been the case for years now, …
In recent years, value investors found it almost impossible to find growth stocks at reasonable prices.The COVID-19 pandemic is causing both human and economic damage.One silver lining is that previously expensive growth stocks are available at discounted pri…
Tech is one of the rare sectors benefiting from the coronavirus pandemic, which has made at-home work and play normal for billions.
Akamai (AKAM) introduces new solution to bolster security offerings portfolio and strengthen position in the cyber security space.
AKAM earnings call for the period ending March 31, 2020.
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
Technically speaking, the S&P 500 has maintained key support (2,793) amid a respectable market whipsaw to start the worst six months seasonally, writes Michael Ashbaugh.
Akamai Technologies (AKAM) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
There is an old joke in economic circles about a chemist, a physicist, and an economist stranded on an island with a can of beans.My take on the stock market rally is traders are simply assuming away the virus/economic problems.This challenge will be with us …
F5 is a tech infrastructure giant in transition. The major shift from hardware to software-centric business is a definite long-term catalyst.In 2019, the company acquired NGINX and Shape, both are software-centric load balancing and security companies. NGINX,…
Akamai Technologies (AKAM) delivered earnings and revenue surprises of 4.35% and 2.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
The new work-from-home environment sparked by shelter in place requirements to contain COVID-19 is impacting information technology and the related communication services sector in three primary areas: consumer, enterprise and.Consumers are shifting from less…
Q1 2020 Akamai Technologies Inc Earnings Call
Valuation is critical. If investors focus too much on the risks, they could easily miss attractive entry points for certain REITs that are enjoying positive fundamentals. We present some of our observations that are beginning to show which companies a…
Ladies and gentlemen, thank you for standing by, and welcome to the First Quarter 2020 Akamai Technologies, Inc. Earnings Conference Call. It is now my pleasure to introduce Head of Investor Relations, Tom Barth. Good afternoon, everyone, and thank you for joining Akamai's First Quarter 2020 Earnings Conference Call.
The Zacks Analyst Blog Highlights: Netflix, Wayfair, eBay, Akamai Technologies and Nintendo
Is (AKAM) Outperforming Other Computer and Technology Stocks This Year?
As per Trefis estimates, the coronavirus pandemic could indeed aid Akamai’s revenue growth across both its segments. The company’s revenue comprises of two segments i.e. Web Division and Media & Carrier Division. Akamai’s revenue has risen from $2.5 billion i…