The Latest Breaking News from AKAM

The heightened market volatility has led several fundamentally sound tech stocks to plunge significantly in price this year. However, given the solid long-term prospects of the tech industry, software companies Akamai (AKAM) and Cloudflare (NET) could rebound. But which of these stocks is a better buy now? Read more to…

Akamai Technologies (NASDAQ:AKAM) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

The cloud storage market is expanding, bolstered by the growing adoption of remote working models and advancing technologies that generate high-capacity data. With cloud strategies gaining traction across businesses worldwide, we think the shares of fundamentally sound cloud storage stocks Akamai (AKAM), Dropbox (DBX), and Rackspace (RXT) could soar higher…

Akamai Technologies (NASDAQ:AKAM) has outperformed the market over the past 20 years by 11.46% on an annualized basis producing an average annual return of 18.53%. Currently, Akamai Technologies has a market capitalization of $18.79 billion.

While the recent increase in interest rates and expected additional increases this year could mar the technology industry’s growth, the software industry should keep growing due to strong demand in an extended remote working culture and the continuing digital transformation. Therefore, we think it could be wise to add quality…

Edge computing is expected to play a vital role in adopting advanced technologies, such as AR/VR, artificial intelligence, IoT, and machine learning (ML), which should drive the sector’s growth over the next few years. Given the industry’s solid growth prospects, we think Edge computing stocks, International Business Machines (IBM), Hewlett…

The COVID-19 pandemic has accelerated cloud adoption trends across industries. With businesses streamlining their operations with digital applications, the cloud computing market is expected to continue thriving. So, given the industry’ solid growth prospects, we think VMware (VMW), Akamai (AKAM), Dropbox (DBX), SPS Commerce (SPSC), and Box (BOX) could be…

With the increasing demand for live content and rising internet penetration worldwide, the content delivery network industry is poised to grow. So, Akamai Technologies (AKAM) and Cloudflare (NET) should benefit. But which of these two stocks is a better buy now? Read more to learn our view.

Over the past 3 months, 6 analysts have published their opinion on Akamai Technologies (NASDAQ:AKAM) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.