Akamai Technologies Inc (AKAM)
Akamai Technologies Inc (AKAM) is a global leader in content delivery network (CDN) services and cloud security solutions. Founded in 1998, the company specializes in providing distributed computing infrastructure to improve website performance, security, and scalability for businesses worldwide. Akamai's services help reduce latency, prevent cyberattacks, and optimize online experiences across various industries.
Company News
The managed DDoS protection market is projected to grow from USD 297.8 Million in 2024 to USD 1093.4 Million by 2032, driven by increasing cyber threats, digital transformation, and demand for cloud-based security solutions.
Corero Network Security announced its SmartWall ONE solution can now be deployed in Akamai Compute, enabling faster and more flexible cloud-native DDoS protection with instant global deployment capabilities.
Fastly's stock rose over 16% after an analyst upgrade, citing the company's potential to benefit from a competitor's bankruptcy and restructuring.
In the latest trading session, Akamai Technologies (AKAM) closed at $90.08, marking a +0.16% move from the previous day.
