Latest news with #AkamaiTechnologies
Channel Post MEA
6 days ago
- Business
- Channel Post MEA
Akamai Expands API Security To Address Visibility Gaps From Code To Production
Akamai Technologies has announced new Akamai API Security enhancements designed to help customers stay ahead of evolving threats to APIs. The improvements come as Akamai's API security offering earns recognition through both prestigious industry awards and customer adoption. APIs power everything from mobile apps to online banking, but their growing use has made them a top target for cyberattacks. As threats multiply, companies are racing to secure their APIs without sacrificing speed or innovation. Akamai's latest API Security enhancements address visibility gaps across the API development and production lifecycle. These enhancements include: Managed Service for API Security: The first managed service built specifically for API security, it combines real-time monitoring, expert response, and clear guidance to help organizations catch threats early and cut risk. The first managed service built specifically for API security, it combines real-time monitoring, expert response, and clear guidance to help organizations catch threats early and cut risk. Integration with code repositories: This integration lets teams scan API specifications and code to spot risks before launch — even for APIs that haven't gone live yet. This integration lets teams scan API specifications and code to spot risks before launch — even for APIs that haven't gone live yet. Compliance Dashboard: This dashboard gives teams a centralized view to check how their APIs stack up against key security and privacy standards — like the Payment Card Industry Data Security Standard (PCI DSS v4.0), the General Data Protection Regulation (GDPR), and the MITRE ATT&CK framework — making audits easier and reducing compliance risk. Akamai customers increasingly highlight the benefits of API Security: 'Akamai API Security gives us a clear view of what data is being used and how, enabling us to minimize our attack surface while still delivering the best service possible to our customers.' — CTO of an insurance company '[API Security] is the lighthouse for my AppSec team: Now we know what to focus on. It's a major data security tool for us. The deployment was very easy and they were true partners in the process. Now we can assess our risk in the most scientifically true way possible and control our destiny.' — CISO of a software company 'The tool is robust and responsive, and has given us peace of mind that we have visibility of everything happening at the API level.' — Executive in a healthcare and life sciences organization Akamai's security solutions win awards Three of the technology sector's top industry accolades were recently awarded to Akamai's security solutions. 'Companies are realizing that APIs are a prime target for attackers and securing them is essential to staying resilient, especially in the AI era,' said Rupesh Chokshi, Senior Vice President and General Manager of Akamai's Application Security Portfolio. 'It's great to see the traction we're getting in both adoption and recognition. It tells us we're solving real problems for our customers.'
Yahoo
24-06-2025
- Business
- Yahoo
How Is Akamai Technologies' Stock Performance Compared to Other Cybersecurity and Tech Stocks?
Valued at a market cap of $11.6 billion, Akamai Technologies, Inc. (AKAM) provides security, delivery, and cloud computing solutions. The Cambridge, Massachusetts-based company offers core services across content delivery, cloud security, web and mobile performance optimization, edge computing, and enterprise cloud solutions, and serves a diverse client base, including e-commerce, telecoms, media, and financial services. Companies valued at $10 billion or more are typically classified as 'large-cap stocks,' and AKAM fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the software - infrastructure industry. The company's core strength lies in its globally distributed edge network, one of the largest and most advanced in the world, which enables it to deliver fast, reliable, and secure internet experiences across diverse industries. Its ability to combine performance, security, scalability, and global reach makes it a trusted partner for many of the world's leading digital businesses. Meta's Mark Zuckerberg Says the Technology They're Developing Will 'See What You See and Hear What You Hear' The Next Trillion-Dollar Boom? 3 Stocks to Buy with 300 Million Humanoid Robots on the Horizon. Warren Buffett's Berkshire Hathaway Now Pays 5% of All Corporate Income Taxes in America Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. This tech company has dipped 25.8% from its 52-week high of $106.80, reached on Oct. 18, 2024. Shares of AKAM have declined 2.2% over the past three months, underperforming the iShares Cybersecurity and Tech ETF's (IHAK) 6.3% rise during the same time frame. In the longer term, AKAM has fallen 10.8% over the past 52 weeks, considerably lagging behind IHAK's 16.1% return over the same time frame. Moreover, on a YTD basis, shares of AKAM are down 17.1%, compared to IHAK's 5.6% uptick. To confirm its bearish trend, AKAM has been trading below its 200-day moving over the past year, with some fluctuations. However, it has started trading above its 50-day moving average since early June. On May 8, AKAM released its Q1 earnings results. The company's revenue improved 2.9% year-over-year to $1 billion and marginally topped the consensus estimates. Moreover, its adjusted earnings came in at $1.70 per share, up 3.7% from the year-ago quarter and 7.6% above Wall Street expectations. However, despite delivering a stronger-than-expected performance, AKAM's shares crashed 10.8% in the following trading session. The sharp fall in its share price was likely driven by a notable drop in its delivery revenue and underwhelming fiscal 2025 adjusted EPS guidance of $6.10 to $6.40, which might have raised investor concerns about the company's near-term growth prospects. Akamai Technologies has also significantly underperformed its rival, Cloudflare, Inc. (NET), which surged 135.9% over the past 52 weeks and 70.8% on a YTD basis. Despite AKAM's recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 21 analysts covering it, and the mean price target of $99.60 suggests a 25.6% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Bear of the Day: Akamai (AKAM)
Akamai Technologies (AKAM) is the $11.5 billion provider of content delivery networks (CDNs) and cloud infrastructure company's solutions accelerate and improve the delivery of content over the Internet, enabling faster response to requests for web pages, streaming of video & audio, and business offerings are intended to reduce the impact of traffic congestion, bandwidth constraints and capacity limitations on customers, with the data-hog of high-definition video a particular slipped into the cellar of the Zacks Rank after the company's Q1 report in May. The results were not disappointing, but the growth outlook was nothing to get excited about.I'll give you the bottom line up front: With revenue growth between 3-5% this year and next, the company has slipped into growth that barely qualifies as an energy or utility to injury, EPS estimates for this year continue to drift in negative territory of about minus 3-5%.Quarter DetailsAkamai Technologies reported strong first-quarter 2025 results, with both the adjusted earnings and revenues surpassing the Zacks Consensus company reported a top-line expansion year over year, driven by healthy demand trends in multiple end markets. Strong demand for the Guardicore platform, API security solutions and cloud infrastructure services is a key growth IncomeGAAP net income declined to $123.2 million or 82 cents per share from $175.4 million or $1.11 per share in the year-ago quarter. High operating expenses affected the net net income was $256.1 million or $1.70 per share compared with $255.5 million or $1.64 per share a year ago. The bottom line beat the Zacks Consensus Estimate by 12 MetricsQuarterly net sales were $1.02 billion compared with $987 million reported in the year-ago quarter. The 3% year-over-year uptick was driven by strong momentum in the Security and Compute verticals. Revenues surpassed the Zacks Consensus Estimate of $1 product groups, revenues from Security Technology Group were $530.7 million compared with $490.7 million in the year-ago quarter. The 8% year-over-year growth was primarily backed by growing demand for Guardicore Segmentation Solution. The company is experiencing healthy traction for its API security solutions in various end markets, including financial services, retail, electric vehicles, and more. Net sales exceeded our estimate of $522.8 Delivery segment contributed $319 million, down from $351.8 million in the year-ago quarter. However, the segment's revenues surpassed our estimate of $318.6 Compute segment registered $165.5 million in revenues, up from $144.5 million in the prior-year quarter. Solid traction among enterprise customers and multiple deal wins in various verticals, including financial services, retail, cybersecurity and transport, drove net sales in this segment. The segment's revenues beat our estimate of $162.9 net sales from the United States came in at $528.7 million, up 3% year over year. International revenues totaled $486.4 million, up from $474.6 million in the year-earlier OutlookFor the second quarter of 2025, Akamai expects revenues in the range of $1.012 billion to $1.032 billion. Non-GAAP operating margin is projected to be 28%. Non-GAAP operating expense is projected to be in the range of $315-$320 million. EBITDA margin is forecasted to be in the band of 41%-42%.Non-GAAP earnings are forecasted to be in the range of $1.52-$1.58 per share. Management anticipates capital expenditure to be in the band of $226-$236 million, which is approximately 22% to 23% of the projected total revenues. Non-GAAP tax rate is expected to be between 19% and 20%.For 2025, Akamai expects revenues in the range of $4.050 billion to $4.2 billion. It expects a non-GAAP operating margin of 28%. Non-GAAP earnings are now projected to be in the range of $6.10-$6.40 per share. Capital expenditure is likely to be around 19-20% of total revenues. Non-GAAP effective tax rate is expected to be between 19% and 20%.Bottom line: With explosive "AI Economy" growth in datacenter businesses, AKAM is overlooked even under 3X sales because there is so much more potential to offer in other names and industry niches. There may be a time to buy AKAM soon, and the Zacks Rank will let you know. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Akamai Technologies, Inc. (AKAM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
10-06-2025
- Business
- Yahoo
DDoS Attackers Increase Targeting of Global Financial Sector, According to FS-ISAC and Akamai Report
Financial sector is the top industry for volumetric DDoS attacks; sophisticated, precision-targeted threats are growing RESTON, Va., June 10, 2025 /PRNewswire/ -- FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that powers and protects business online, today released their joint annual report analyzing the strategic threat posed by the escalating number and sophistication of distributed denial-of-service (DDoS) attacks and their impact on customer trust, operations, and profitability in the financial services sector. The report, From Nuisance to Strategic Threat: DDoS Attacks Against the Financial Sector found that in 2024, the financial services sector was the top target of volumetric DDoS attacks, which aim to overwhelm the target with sheer traffic. DDoS attacks on financial firms' application programming interfaces (APIs) and customer-facing websites are on the rise as well. These precision-targeted attacks are difficult to detect because they mimic legitimate user behavior, which indicates a new level of skill among cybercriminals. The joint report details attack data by region, with profiles of the sector's most prolific attackers. It also provides a DDoS Maturity Model that financial firms can leverage to evaluate their current capabilities and practices to prepare for DDoS attacks, as well as fundamental cyber practices for managing DDoS threats. "DDoS attacks are becoming increasingly sophisticated, evolving from simple network flooding to targeted, multidimensional assaults that exploit intricate vulnerabilities across the entire supply chain," said Teresa Walsh, FS-ISAC's Chief Intelligence Officer and Managing Director, EMEA. "As threat tactics continue to evolve, we must ensure our technical defenses evolve and our people, tools, and processes work seamlessly together. It is critical that we harden our infrastructure, and foster a culture of continuous vigilance and collaboration, to protect continuity and customer trust." Key findings highlight the shifting dynamics of DDoS threats — from the increasing use of DDoS-for-hire services to regional surges in activity — underscoring the urgent need for advanced, adaptive defense strategies. Highlights of the report include: DDoS attacks on the financial sector have increased disproportionately compared to other industries. The sector remained the leading target for volumetric DDoS attacks year over year, with a major spike in October 2024. DDoS attacks are increasing in frequency, and cybercriminals are exploiting today's high bandwidths and greater computational resources to launch more adaptable, powerful, and cost-effective DDoS attacks. Application-layer DDoS attacks against the financial sector increased 23% between 2023 and 2024. The adoption of APIs in financial services has expanded the sector's threat surface, and malicious actors have evolved their tactics in response. The widespread use of DDoS-for-hire services targeting the financial sector disguises attackers, making it difficult to identify the cybercriminal's motivation and develop mitigation plans. Ongoing geopolitical tensions, particularly the Israel-Hamas and Russia-Ukraine wars, have fueled a surge in hacktivism. DDoS attacks on the financial services sector increased significantly in the Asia-Pacific region, accounting for 38% of all volumetric DDoS attacks, up from 11% in 2023. Together, FS-ISAC and Akamai developed a five-level DDoS Maturity Model detailing DDoS-relevant characteristics, defensive capabilities, and risks to help financial institutions assess their ability to withstand DDoS attacks. Institutions at any level of cyber maturity can use it to identify areas for improvement and improve their resilience, prioritize investments, and facilitate ongoing enhancement. "Threat actors will continue to leverage DDoS attacks to exploit the security of our institutions," said Steve Winterfeld, Advisory CISO of Akamai. "These attacks strive to exhaust an institution's network infrastructure and in turn, drain the resources used to defend against them. The implementation of mitigation strategies, robust cyber hygiene fundamentals, and industry best practices can help the sector defend against the evolving risk." The collaboration on this report is a product of Akamai's founding participation in FS-ISAC's Critical Providers Program, which was launched in 2022 to bolster the financial sector's supply chain security. Download the full report. About FS-ISAC FS-ISAC is the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, protecting the financial institutions and the people they serve. Founded in 1999, the organization's real-time information-sharing network amplifies the intelligence, knowledge, and practices of its members for the financial sector's collective security and defenses. Member financial firms represent $100 trillion in assets in 75 countries. 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. Learn more at and or follow Akamai Technologies on X and LinkedIn. Contacts for Media media@ jlubinsk@ View original content to download multimedia: SOURCE Akamai Technologies, Inc.
Arabian Post
05-06-2025
- 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.
