The Latest Breaking News from Akamai Technologies

The software industry has shown resilience, consistent growth, innovation, and adaptability to changing market demands and emerging technologies. Given the industry’s solid growth prospects, fundamentally strong software stocks Workday (WDAY), Akamai Technologies (AKAM), and Smartsheet (SMAR) could be ideal additions to your portfolio. Read on.

The software industry is expanding amid the rapid digital transformation of businesses and the widespread adoption of cloud and software solutions. While leading software stocks Akamai Technologies (AKAM) (AKAM) and Datadog (DDOG) should benefit from the industry tailwinds, let us determine which is gaining attention.

Upgrades

Akamai Technologies (NASDAQ:AKAM) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM. Here's what investors need to know about the announcement.

Within the last quarter, Akamai Technologies (NASDAQ:AKAM) has observed the following analyst ratings:

Akamai Technologies (NASDAQ:AKAM) has outperformed the market over the past 20 years by 11.46% on an annualized basis producing an average annual return of 18.53%. Currently, Akamai Technologies has a market capitalization of $18.79 billion.

In a deal designed to speed up its already rapid growth, the Philadelphia-based cloud computing company Linode announced it is being acquired by cybersecurity giant Akamai Technologies for $900 million.

Over the past 3 months, 6 analysts have published their opinion on Akamai Technologies (NASDAQ:AKAM) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

Akamai Technologies (NASDAQ:AKAM) reported its Q4 earnings results on Tuesday, February 15, 2022 at 04:01 PM. Here's what investors need to know about the announcement.