AKAM Stock Recent News

Akamai's (AKAM) tailored GPU service fills a void in an industry largely underserved by existing solutions, particularly in terms of cost-effectiveness.

Recently, Zacks.com users have been paying close attention to Akamai Technologies (AKAM). This makes it worthwhile to examine what the stock has in store.

In the most recent trading session, Akamai Technologies (AKAM) closed at $105.82, indicating a -0.4% shift from the previous trading day.

Akamai Technologies (AKAM) closed at $109.33 in the latest trading session, marking a +0.52% move from the prior day.

Akamai's performance has been inconsistent, with periods of outperformance and underperformance, mostly due to its business transition. The company is transitioning away from its content delivery business and focusing on security and compute, which are generating incremental revenue. Akamai's security segment has been successful, accounting for a growing share of overall revenue and offsetting declines in the legacy CDN segment. The segment is growing at a 20% CAGR.

Akamai Technologies (AKAM) reachead $108.02 at the closing of the latest trading day, reflecting a -0.5% change compared to its last close.

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In the latest trading session, Akamai Technologies (AKAM) closed at $109.60, marking a +1.68% move from the previous day.

Akamai (AKAM) partners with Neural Magic to facilitate the swift adoption of data-intensive AI applications and propel innovation around edge-AI inference across industries.

Akamai (AKAM) forms a strategic partnership with Scaleflex to facilitate digital brands with end-to-end solutions on the Akamai Connected Cloud platform.