Finding the best edge computing stocks often relies on seeing which company has the most successful specialized application of the technology. For example, the term edge computing can refer to cloud computing provided at the physical edges of a network, or it can refer to 5G networks that connect an internal network to a private server for off-site calculations.
Healthy demand in security and compute verticals is likely to have positively impacted Akamai's (AKAM) top line in the second quarter.
The new digital age for cybersecurity stocks to me is reflective of a number of long-term trends that could reshape the industry. One of the significant trends is the growing usage of artificial intelligence and machine learning in cybersecurity.
Evaluate the expected performance of Akamai Technologies (AKAM) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
In the closing of the recent trading day, Akamai Technologies (AKAM) stood at $98.28, denoting a +0.41% change from the preceding trading day.
Akamai is slated to report its Q2 FY'24 results on August 8. We estimate that Akamai's revenue will come in at about $980 million for the quarter, slightly ahead of consensus estimates and 4.5% higher compared to last year.
On Monday, July 29th, Guggenheim analysts upgraded Akamai Technologies (NASDAQ: AKAM) to a Buy from Hold, setting a price target of $128. This price target suggests a potential upside of over 30% from Akamai's current trading price of $98.
Akamai Technologies, Inc. (NASDAQ:AKAM) is 0.9% higher at $97.87 at last look, after Guggenheim upgraded shares to "buy" from "neutral.
Akamai (AKAM) integrates Yospace into its Qualified Compute Partner Program to deliver personalized, high-quality content through advanced server-side ad insertion technology.
Akamai Technologies (AKAM) reachead $95.05 at the closing of the latest trading day, reflecting a -0.77% change compared to its last close.
While the biggest rewards may stem from the most unpredictable (and therefore speculative) of enterprises, sometimes, you just want additional reassurances. For such an endeavor, it may be wise to consider high-quality stocks to buy.
Akamai Technologies (AKAM) closed at $95.14 in the latest trading session, marking a +1.11% move from the prior day.