Akamai Technologies Inc
AKAMAkamai 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 DDoS protection market is projected to grow from USD 5.84 billion in 2025 to USD 17.15 billion by 2033, driven by increasing cyberattack complexity and the expansion of internet-connected devices across various industries.
Akamai Technologies has acquired Fermyon, a serverless WebAssembly company, to enhance its edge computing and cloud-native application capabilities. The acquisition aims to improve developer tools for building lightweight, high-performance applications at the internet's edge.
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.
