Akamai Technologies, Inc.NASDAQ
Wed, Nov. 9, 3:03 PM
- With a Trump agenda calling for "an immediate review of all U.S. cyber defenses and vulnerabilities" among other items to be addressed, the sector has seemingly responded positively on the near-term. Exact methods or execution revolving around the position, however, of course remains awaited.
- Sector price movements – FireEye (FEYE +0.5%), Palo Alto Networks (PANW +3%), Fortinet (FTNT +1%), CyberArk Software (CYBR +3.5%), Check Point Software Technologies (CHKP +1.7%), Proofpoint (PFPT +2.3%), Imperva (IMPV +0.8%), Symantec (SYMC +0.6%), Barracuda Networks (CUDA +2.2%), VASCO Data Security International (VDSI +3.7%), Akamai Technologies (AKAM +0.3%), Limelight Networks (LLNW +2.2%), Level 3 Communications (LVLT +1.9%)
- Related – (NYSEARCA:HACK)
Wed, Nov. 9, 2:06 PM
- Registering live video streaming traffic at 7.5 terabytes per second (vs. 1.1 for the 2009 presidential inauguration and 4.4 for the first presidential debate of the 2016 cycle).
- Akamai (AKAM -0.1%): "In what has already been a record-setting year for live streaming with the European soccer finals, Rio and the recent Presidential debates, Akamai has again helped our customers deliver unprecedented levels of online video with last night's election coverage. Not only are more people watching online in general, they're watching at higher quality, which contributes to the increasingly higher peaks in traffic that we're observing."
- While the spike in traffic is relatively short-lived, metrics for benchmarking are nonetheless worth noting against other majorly observed events going forward.
Fri, Oct. 28, 1:40 PM
- CenturyLink (CTL -1.4%) is giving back some of yesterday's merger-chatter gains, but Level 3 Communications (NASDAQ:LVLT) is adding on, up another 3.9% today.
- Level 3 jumped 10.6% yesterday, and CenturyLink rose 10%, on a report that the two were in advanced talks to merge.
- Level 3's at $53.90 today (after closing at $46.92 on Wednesday), and it's looking for at least $60/share in a buyout and $65 "could be reasonable," says Raymond James, which cut CenturyLink to Market Perform from Outperform -- thinking that stock could trade sideways for the months it could take to close such a deal.
- UBS sees the deal cresting $1B in synergies, given the companies' overlapping infrastructure. Analyst Batya Levi is assuming an all-stock deal at 9-11 times EBITDA and has CenturyLink at a Buy with a $36 price target (implying 18% upside).
- Oppenheimer's Timothy Horan, meanwhile, sees more of a 50/50 cash/stock split at a $60 valuation for LVLT. He's got CTL at Market Perform but boosts LVLT to Outperform at that $60 target.
- Among peers (and other potential targets) today: CCOI -1.2%, INXN +2%, GTT flat, ZAYO +1.9%, AKAM +0.9%, FTR -2.4%.
Wed, Oct. 26, 3:03 PM
Wed, Oct. 26, 12:45 PM
Wed, Oct. 26, 9:12 AM
Tue, Oct. 25, 5:51 PM
- Akamai (NASDAQ:AKAM) Q3 results – revenue $584M (+6% Y/Y, $12.13M above estimates), EPS $0.68 ($0.07 above estimates)
- Segment revenues – Performance and Security Solutions $345M (+19% Y/Y), Cloud Security Solutions $95M (+46% Y/Y), Media Delivery Solutions $188M (-14% Y/Y), Services and Support Solutions $51M (+17% Y/Y)
- Geographic revenues – U.S. $404M (+1% Y/Y), International $180M (+20% Y/Y)
- Major division revenues – Media $284M (-4% Y/Y), Web Division $285M (+17% Y/Y), Enterprise and Carrier Division $15M (+43% Y/Y)
- CEO Dr. Tom Leighton: "Akamai's strong third quarter revenue and earnings performance was primarily driven by accelerated growth in both our Cloud Security and Web Performance Solutions. As the cyber-attacks from last week demonstrate, enterprises need solutions capable of defending against massive botnets that are exploiting millions of online devices. This is an area where Akamai's unique architecture and ongoing investments in global scale and security innovation continue to make a critical difference."
- Conference call
- Press release
Tue, Oct. 25, 5:37 PM
Tue, Oct. 25, 4:02 PM
Mon, Oct. 24, 5:35 PM
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Fri, Oct. 21, 1:50 PM
- See: Internet attack takes many sites offline for hours
- Up today – FireEye (FEYE +1.9%), Palo Alto Networks (PANW +0.6%), Fortinet (FTNT +1.5%), Cyberark Software (CYBR +3.9%), Check Point Software Technologies (CHKP +0.8%), Proofpoint (PFPT +10.5%) [see earnings]
- Despite these gains, on the last-month term FireEye's lower by 9%, Palo Alto Networks' unmoved, Fortinet's down 11%, Cyberark Software's down 6%, Check Point Software Technologies' up 2% and Proofpoint's up 1.7%. Names down today in the space include Imperva (IMPV -2.6%), Symantec (SYMC -0.3%) and Barracuda Networks (CUDA), respectively lower by 12%, 4% and 1% on the month.
- CDN providers – Akamai Technologies (AKAM +1.5%), Limelight Networks (LLNW -0.5%), Level 3 Communications (LVLT -0.6%)
- Related – (NYSEARCA:HACK)
Thu, Sep. 22, 5:01 PM
- Imperva (NYSE:IMPV) disclosed previously it had retained Qatalyst Partners to review strategic alternatives subsequent reports the company was considering a potential sale.
- Talk now circulating has IBM, Cisco and possibly others looking to make a move.
- Update (9/23 4:07PM ET): Bloomberg reported the above-mentioned names as having expressed interest in addition to Forcepoint (NYSE:RTN) and Akamai Technologies (NASDAQ:AKAM). Though no deals materialized today, Imperva shares are nonetheless holding a 20%+ upswing on the report into the weekend.
Mon, Aug. 1, 10:14 AM
- Last month, the U.S. District Court in Massachusetts issued a final judgment against Limelight Networks (LLNW +1.8%) requiring the company to pay $51M to Akamai Technologies (AKAM -0.1%) regarding a longstanding dispute over the '703 patent.
- Today, Limelight Networks announces this judgment has transfigured into a $54M license to be paid over 12 equal quarterly installments.
- Both companies have relinquished any rights to appeal and Limelight Networks will soon have access to the restricted $51M with the flexibility to now pay Akamai Technologies over an extended three-year period of time.
- As a result of the agreement, Limelight Networks can operate free from risk of infringing the '703 patent going forward.
Wed, Jul. 27, 3:00 PM
Wed, Jul. 27, 12:44 PM
Wed, Jul. 27, 12:13 PM
- Akamai (AKAM -15.9%) is sinking on concerns the buyers of its services are focusing on their own in-house solutions instead of sourcing externally.
- Apple, Amazon, Google, Facebook, Microsoft and Netflix are the company's six largest technology customers, making up 11% of Akamai's Q2 revenue (-18% Y/Y).
- From Akamai's CEO Frank Thomson Leighton on yesterday's conference call: "As we discussed on past calls, our overall revenue growth rate is unusually low this year, because of the do-it-yourself, or DIY, efforts of two of our largest customers. As these customers deliver more of their content themselves, it has meant less revenue for Akamai. In Q2, these two customers accounted for a little over 5% of our total revenue, down from 12% in Q2 of last year."
- Shares started to decline in after hours trading yesterday on the release of the company's Q2 report.