|Bid||84.71 x 800|
|Ask||84.92 x 900|
|Day's Range||84.28 - 87.80|
|52 Week Range||67.28 - 103.34|
|Beta (5Y Monthly)||0.42|
|PE Ratio (TTM)||29.34|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||106.94|
After a streak of layoffs at prominent public tech companies, another local firm has reduced its workforce. This time, the company making cuts is private, valued over $1 billion and raised $200 million in funding just last month.
Akamai Technologies Inc., (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, announces it has closed an asset purchase transaction with Palo Alto, California-based Instart to acquire customer contracts and intellectual property (IP). Akamai intends to expeditiously transition the acquired customers to Akamai's platform. The acquired IP is expected to benefit the development of Akamai's page integrity solution.
Akamai Technologies, Inc. (NASDAQ: AKAM), the intelligent edge platform for securing and delivering digital experiences, today announced that it was cited as a Leader in The Forrester Wave™: Web Application Firewalls, Q1 2020 evaluation. Akamai received the top score in the Current Offering category amongst "the 10 most significant web application firewall (WAF) providers in the category" Forrester evaluated.
The abundance of job postings in Boston's tech industry doesn’t necessarily mean that jobs in tech are easy to score. Competition is harsh for jobs beyond an ever-growing sector such as software engineering, and employers want to see leadership qualities even in applicants for entry-level positions.
Investors can bet on Vipshop Holdings (VIPS) and four other top-ranked Internet stocks that have strong fundamentals for a winning portfolio in 2020.
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.He’s not even the boss yet, but Mitsubishi UFJ Financial Group Inc.’s Hironori Kamezawa is already making his mark on Japan’s biggest bank.As the leader of MUFG’s digital push, Kamezawa is spearheading the lender’s $700 million investment in Singapore tech giant Grab, people with knowledge of the matter said. The deal, which equates to about 5% of Grab’s current estimated $14 billion value, may help MUFG tap the ride-hailing startup’s millions of app users and deepen its presence in Southeast Asia.Kamezawa, 58, was named chief executive officer last month, and he will take the post in April to steer the bank through challenges ranging from negative interest rates to the need to modernize services. Analysts have expected MUFG to accelerate its financial-technology efforts under the new leader, who has already been helming projects including the development of the bank’s digital coin.“Kamezawa as new CEO would like to put his imprint on the strategic direction at an early stage,” said Michael Makdad, an analyst at Morningstar Inc. in Tokyo.Read more on MUFG’s next chief executive The University of Tokyo mathematics graduate is a rare breed in an industry where most elites have either law or economics backgrounds. He has been digital transformation officer since 2017, overseeing efforts ranging from introducing more automation at branches to driving a blockchain payments initiative with U.S. firm Akamai Technologies Inc.Depending on the price paid for Grab, Kamezawa will need to justify the investment with synergies that boost MUFG’s Asian business, Makdad said.The deal is set to be MUFG’s biggest investment in a tech startup. Through the alliance, it intends to market a range of financial services from insurance to loans to Grab’s users, said a person familiar with the deal who wasn’t authorized to discuss the matter publicly.Grab is trying to build a regional super-app that offers a range of services including finance, payments and rides. The startup doesn’t disclose its number of users, but says its app has been downloaded onto more than 166 million mobile devices in the region.The digital hook-up would complement MUFG’s growing physical standing in Southeast Asia, through its units including Bangkok-based Bank of Ayudhya Pcl and the recently acquired PT Bank Danamon Indonesia.Read Gopalan and Mukherjee on MUFG, Grab and what it means for SoftbankIt could also give MUFG know-how in developing digital offerings at home, where the retail banking system remains heavily burdened by a reliance on cash and paperwork at branches. MUFG is even offering to pay customers to give up their passbooks and migrate to online platforms.“This is a noteworthy deal if true, since it could push forward MUFG’s offering of financial services on apps,” said Ken Takamiya, an analyst at Nomura Holdings Inc. in Tokyo. “The question is how fast they can start offering services and how the experience gained there will be utilized in the domestic business.”\--With assistance from Yoolim Lee.To contact the reporters on this story: Taiga Uranaka in Tokyo at email@example.com;Yuki Hagiwara in Tokyo at firstname.lastname@example.orgTo contact the editors responsible for this story: Marcus Wright at email@example.com, Russell WardFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
Akamai Technologies (NASDAQ: AKAM), the intelligent edge platform for security and delivering digital experiences, will be showcasing its full range of award-winning security solutions and services at the RSA Conference 2020. The security conference will take place February 24-28 at the Moscone Center in San Francisco, and Akamai will be exhibiting at booth N6153 (Moscone North).
Akamai Technologies, Inc. (NASDAQ: AKAM) today published the Akamai 2020 State of the Internet / Security: Financial Services – Hostile Takeover Attempts report. The research findings reveal that from May 2019 and continuing on until the end of the year, there was a dramatic shift by criminals who started targeting APIs, in an effort to bypass security controls. According to data from Akamai, up to 75% of all credential abuse attacks against the financial services industry targeted APIs directly.
Akamai Technologies (AKAM) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Akamai Technologies (AKAM) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
A spokesperson said the company eliminated positions across parts of the organization amounting to "a little more than 1%" on Jan. 15
Akamai Technologies, Inc. (NASDAQ: AKAM) reported upbeat results for the fourth quarter. Akamai Technologies’ fourth-quarter results and full-year guidance show strength across the board, Henderson said in the note. Security remains a critical driver of the company’s growth and profitability, the analyst mentioned.
Akamai (AKAM) fourth-quarter results benefit from robust cloud security solutions growth and strong holiday season traffic in e-commerce and media verticals.
Earnings news sent CVS Health and Shopify higher, while Visa led the Dow Jones as the slowing spread of China's virus boosted global markets.
Benzinga Pro's Stocks To Watch For Wednesday Uber (UBER) - Shares were up 0.8% in opposition with Lyft (LYFT) shares which were down 5% following Q4 results from the latter. Most sell-side analysts ...
Akamai Technologies (AKAM) delivered earnings and revenue surprises of 8.85% and 2.98%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Akamai Technologies reported fourth-quarter earnings and revenue that topped analyst estimates on Tuesday. The Akamai earnings news sent shares up in extended trading.
Akamai Technologies Inc. shares rose in the extended session Tuesday after the cloud and business services company topped Wall Street estimates. Akamai shares rose 3.2% after hours, following a 0.6% rise in the regular session to close at $96.37. The company reported fourth-quarter net income of $119.1 million, or 73 cents a share, compared with $94 million, or 57 cents a share, in the year-ago period. Adjusted earnings were $1.23 a share. Revenue rose to $772.1 million from $713.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.13 a share on revenue of $749.3 million.