Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Akamai ( (AKAM) ) has shared an update.
On February 20, 2025, Akamai Technologies reported its financial results for the fourth quarter and full year of 2024, showing a steady increase in revenue, with a 3% rise in the fourth quarter and a 5% increase for the full year, despite challenges in delivery revenue. Security and compute revenue saw significant growth, with 16% and 25% year-over-year increases, respectively. The company is undergoing a transformation to cement its role as a leader in cybersecurity and cloud solutions, maintaining robust profitability with a strategic focus on long-term success.
More about Akamai
Akamai Technologies, Inc. operates in the cybersecurity and cloud computing industry, providing solutions that power and protect businesses online. The company focuses on security and cloud computing services, positioning itself as a leading provider in these markets.
YTD Price Performance: 5.07%
Average Trading Volume: 1,669,736
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $14.92B
Learn more about AKAM stock on TipRanks’ Stock Analysis page.
