Akamai Technologies News
16 articles
Cybersecurity Stocks: With Earnings On The Way, Focus Shifts To 2026 Outlooks
The article discusses the mixed results of cybersecurity stocks in 2025, with a particular focus on Check Point, which is set to report its earnings on Tuesday. Investor attention is shifting towards the 2026 outlooks for these companies. The article implies a growth-negative impact on Check Point due to the mixed results in the sector. The key theme revolves around earnings and future outlooks, with no specific mention of partnerships, acquisitions, or customer changes.
1 Software Stock with Exciting Potential and 2 We Brush Off
The article discusses the performance of Akamai Technologies, highlighting its underperformance compared to its peers in the software industry. Despite having a large distributed network, Akamais annual revenue growth of 5.6% over the last two years is slower than its peers. The company faces challenges such as bad unit economics, steep infrastructure costs, and long payback periods on sales and marketing expenses, which limit customer growth. These factors contribute to a negative outlook on Akamais stock performance, with a current market cap of $10.7 billion and a forward price-to-sales ratio of 2.5x.
Networking, Cybersecurity Stocks' Strong Momentum Seen Continuing in Intermediate Term, BofA Says
The article mentions a strong momentum in major networking and cybersecurity stocks, indicating a positive trend in the sector. However, the specific details about any particular company, such as investments, partnerships, or acquisitions, are not provided in the text. The article seems to be part of a premium news service, suggesting that more detailed information is available to subscribers. The companies mentioned in the article include PANW, CRWD, AKAM, ZS, and CIEN, but no specific events or impacts are detailed for these companies.
CrowdStrike and McDonald’s downgraded: Wall Street’s top analyst calls
Sarepta has been upgraded by Scotiabank to Outperform from Sector Perform with an unchanged price target of $80. Despite recent negative news, including a patient death and a downward revision of 2025 sales guidance, the firm believes these issues are already reflected in the share price. Scotiabank sees several important catalysts that could drive the stock higher, suggesting a favorable risk-reward scenario. This upgrade is part of a broader set of research calls that include both upgrades and downgrades for various companies.
3 Mid-Cap Stocks Skating on Thin Ice
The article discusses the challenges faced by three mid-cap companies: Twilio, Akamai, and Amdocs. Twilio, a software-as-a-service platform, is experiencing weak billing growth and high servicing costs, raising concerns about its future performance. Akamai, which provides software for efficient web content delivery, is struggling with low revenue growth and high infrastructure costs. Amdocs, serving telecommunications and media companies, is facing a decline in sales and shrinking free cash flow margins. The article suggests that these companies may need to adjust their strategies to remain competitive in a challenging market environment.
Software Development Stocks Q4 Recap: Benchmarking PagerDuty (NYSE:PD)
PagerDuty, a software-as-a-service platform, reported Q4 revenues of $121.4 million, a 9.3% increase year-over-year, exceeding analysts expectations by 1.4%. Despite this revenue growth, the company faced challenges as its EPS guidance for the next quarter fell short of expectations. This mixed performance resulted in the companys stock remaining flat post-earnings, trading at $15.52. The broader software development industry saw a mixed Q4, with an average stock decline of 24.8% among tracked companies. PagerDutys customer growth accelerated, but the markets reaction was muted due to the disappointing EPS guidance.
Customers
Software Development Stocks Q4 Recap: Benchmarking JFrog (NASDAQ:FROG)
The article reviews the Q4 performance of software development companies, focusing on JFrog, F5, and Akamai. JFrog reported a 19.3% increase in revenue to $116.1 million, exceeding analysts expectations by 1.5%. However, despite beating EBITDA estimates, it missed annual recurring revenue estimates, leading to a 17.8% drop in stock price. F5 had a strong quarter with a 10.7% revenue increase, outperforming expectations by 7.2%, but its stock fell by 1.1%. Akamai reported a 2.5% revenue increase, meeting expectations, but provided a softer full-year guidance. Overall, the software development sector experienced mixed results, with an average stock price decline of 23.6%.
Three years after selling his startup Guardicore to Akamai, Gurvich, a recipient of the Israel Defense Prize, is expected to found a new startup. Ofer Wolf will replace him.
Pavel Gurvich is stepping down from his role as managing director of Akamais R&D center in Israel and SVP & GM of the Enterprise Security group. Gurvich, who sold his startup Guardicore to Akamai for $600 million, is expected to start a new venture. He played a significant role in Akamais shift towards cybersecurity, including acquisitions of Israeli startups Noname and Neosec. Despite this focus, Akamais stock has underperformed, dropping by 10% over the past year. Ofer Wolf will replace Gurvich, leading the companys cybersecurity products in the Zero Trust category. Akamai, with a market value of $15 billion, continues to have strong ties to Israel.
Management ChangesAcquisition
Akamai acquiring cyber startup Noname Security for $450 million | CTech
Akamai Technologies has acquired Israeli cybersecurity startup Noname Security for $450 million. Noname Security, which was valued at $1 billion in its last fundraising round, has raised approximately $220 million to date. The company has developed a platform that identifies API vulnerabilities. Nonames over 200 employees, including CEO and Co-founder, Oz Golan, are expected to join Akamai’s Security Technology Group. Akamai expects the acquisition to enhance its existing API Security solution and accelerate its ability to meet growing customer demand. The transaction is expected to close in the second quarter of 2024.
Acquired-byManagement Changes
Akamai to acquire Israeli API co Neosec
Akamai Technologies has announced its definitive agreement to acquire Neosec, an Israeli API detection and response platform company. The financial details of the acquisition were not disclosed. Neosecs API security solution will complement Akamais existing portfolio by extending its visibility into the growing API threat landscape. The acquisition aims to help customers secure their APIs by discovering all APIs, assessing their risk, and responding to vulnerabilities and attacks. The founders of Neosec will be joining Akamai. The acquisition is expected to close in the second quarter of 2023 and is anticipated to be slightly dilutive to Akamais non-GAAP EPS for the fiscal year 2023.
Acquisition
Akamai to Acquire Guardicore To Extend Its Zero Trust Solutions To Help Stop Ransomware
Akamai Technologies has announced its acquisition of Israel-based Guardicore for approximately $600 million. The acquisition will add Guardicores micro-segmentation solution to Akamais Zero Trust security portfolio, enhancing its ability to defend against malware and ransomware. The micro-segmentation solution limits user access to authorized applications, reducing the threat surface and risk exposure. The acquisition is expected to close in Q4 2021 and contribute $30-35 million in revenue for Akamai in 2022.
Acquisition
Office Tour: Akamai Offices - Tel Aviv
Akamais Tel Aviv offices, designed by Roy David Studio, balance privacy and community while promoting collaboration. The office design reflects the concept of duality and duplicity, inspired by Akamais technology. The challenge was to create a space that represented the global identity of Akamai while providing privacy for sensitive work. The solution included larger team rooms, open meet-up spaces, and alternative hangouts. The office features flexible furniture, white boards for collaboration, and custom graphics reflecting the local interpretation of the Akamai brand. The main kitchen is a flexible space for eating, meetings, and conferences. All team rooms offer magnificent urban and sea views.
PartnersCustomers
Akamai Technologies Accelerates Development of Solution to Protect Websites from Magecart and Credit Card Skimming with Planned Acquisition of ChameleonX
Akamai Technologies, Inc. has announced its agreement to acquire ChameleonX, an Israel-based company that provides a unique solution to protect websites from credit card skimming and user credential theft. This acquisition is expected to strengthen Akamais security portfolio. The acquisition aligns with Akamais efforts to detect and block attacks and improve application security technology. The transaction is expected to close in the fourth quarter of 2019. The financial impact on Akamais results for 2019 and 2020 is anticipated to be immaterial.
Partners
Nasdaq-Listed Akamai Leases 6,800 Square Meters in Tel Aviv's ToHa Tower
Nasdaq-listed company Akamai Technologies Inc. has signed a 10-year lease on office space in ToHa Tower, currently under construction in Tel Aviv. Akamai will pay NIS 12 million (approximately $3.2 million) a year for a 6,800-square-meter space on the 17th and 18th floors of the building. This lease signifies the companys growth and expansion in Israel, where it already operates a research and development center. ToHa Tower, designed by Israeli-born architects Ron Arad and Avner Yashar, is set for completion by early 2019 and has attracted other notable companies as tenants.
PartnersExpand
Microsoft, Akamai launch security startup accelerator in Israel ZDNet
Akamai buying Israeli co Cotendo
Israeli company Cotendo is being sold to US company Akamai for $300 million. Following the acquisition, Akamai will set up a research and development center in Israel. Cotendo has raised $39 million from investors including Sequoia, Benchmark, and Tenaya. Cotendo provides acceleration and content distribution services for large websites and mobile carriers. Cotendo has 450 customers, including Facebook, Zynga, and Twitter. Cotendos employees will become employees of Akamai. The acquisition is seen as recognition of Cotendos innovative technology. Cotendo will continue to grow and contribute to building a large high-tech industry in Israel. Sequoia Capital, Benchmark, and Tenaya will receive significant returns on their investments.
AcquisitionInvestment
