Akamai Technologies (AKAM) is expected to start seeing revenue from a new partnership with Cisco Systems (CSCO) kick in later this year, as Akamai pushes further into hybrid private-public cloud computing services for large companies. At its annual investor day on Tuesday, Akamai left its Q1 guidance unchanged. Cambridge, Mass.-based Akamai reiterated its goal of growing revenue to $5 billion in 2020, up from $1.6 billion in 2013. “Management
Akamai Technologies’ security ambitions might feed an appetite for acquisitions. So say analysts in the wake of Akamai (AKAM) closing its biggest security-related acquisition so far. Its $370 million, all-cash purchase of Prolexic, a specialist in protecting websites from cyberattacks, closed on Feb. 18. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network, or CDN, services to media and entertainment companies.
Akamai Technologies (AKAM) reported Q4 results that beat consensus estimates and forecast current quarter profit and revenue above views, despite the expected negative impact of a contract renegotiation with Apple (AAPL). Shares in Cambridge, Mass.-based Akamai, the biggest provider of CDN (content delivery network) services to media and entertainment companies, popped 16% in early trading in the stock market today. Akamai’s computer servers store