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Growing demand for Guardicore segmentation, web application solutions, and compute products across different verticals such as retail, energy, media and entertainment are key growth drivers for Akamai (AKAM).
Akamai Technologies (AKAM) shares surged more than 10% on Friday after the cloud services company reported strong earnings and lifted its profit outlook amid robust demand for the its computing and security offerings.
Akamai Technologies, Inc. AKAM reported better-than-expected second-quarter financial results on Thursday.
Shares of Akamai Technologies (AKAM) took off Friday, a day after the tech firm reported better-than-expected second-quarter results and raised its profit guidance on higher demand for its security and cloud computing products.
Akamai (AKAM) reports a top-line expansion year over year, driven by healthy traction in the security portfolio and multiple deal wins for cloud computing solutions.
Akamai Technologies, Inc. (NASDAQ:AKAM ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mark Stoutenberg - Head of IR Tom Leighton - CEO & Co-Founder Ed McGowan - EVP, CFO Conference Call Participants Patrick Colville - Scotiabank Keith We iss - Morgan Stanley John DiFucci - Guggenheim Securities Mark Murphy - JPMorgan Madeline Brooks - Bank of America Alex Henderson - Needham Fatima Boolani - Citi Jonathan Ho - William Blair Timothy Horan - Oppenheimer Rudy Kessinger - D.A. Davidson Operator Good day and welcome to the Second Quarter 2024 Akamai Technologies Earnings Conference Call.
The headline numbers for Akamai Technologies (AKAM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Akamai Technologies (AKAM) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.49 per share a year ago.
Akamai Technologies forecast third-quarter revenue and profit above estimates on Thursday, betting on strong demand for its cybersecurity services as businesses spend heavily on safeguarding their systems against rising threats from hackers.
Akamai (AKAM) collaborates with Datadog to enhance enterprise security posture against ransomware attacks.
I feel that edge computing stocks should be on investors' radar. We're seeing rapid changes in how data is being transformed and processed, with edge computing stocks being vital players.