Akamai Concludes Buyout of Select Edgio Assets: Will AKAM Stock Gain? [Yahoo! Finance]
Akamai Technologies, Inc. (AKAM)
Last akamai technologies, inc. earnings: 4/28 04:01 pm
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Source: Yahoo! Finance
Akamai Technologies has completed its acquisition of select assets from bankrupt Edgio Inc., including customer contracts and patent licenses. The deal is expected to add hundreds of new customers and generate incremental revenues of $9-11 million in Q4 2024 and $80-100 million in 2025. Although the transaction will be dilutive to non-GAAP earnings in Q4, it is expected to be accretive in 2025, with potential for cross-selling and up-selling opportunities. The acquisition is seen as a positive move for Akamai, which is poised to benefit from growing demand for edge computing and API security solutions. Generated by Yahoo Finance AI Yahoo Finance used generative AI to summarize key information from this article. Some details may be inaccurate. We take that seriously. Reporting mistakes helps us improve these summaries. Was this helpful? Yes No Akamai Technologies, Inc. AKAM has completed the acquisition of select assets of the bankrupt media firm Edgio Inc. The acquired as
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AKAM
News
- Akamai Technologies (AKAM) Gains As Market Dips: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Video on Demand (VoD) in Hospitality Business Analysis Report 2024: Global Market to Reach $176 Billion by 2030 - Rising Demand for Personalized Guest Experience and Role in Conference Facilities [Yahoo! Finance]Yahoo! Finance
- Recent Accolades Validate Akamai's API Security Solution [Yahoo! Finance]Yahoo! Finance
- Recent Accolades Validate Akamai's API Security SolutionPR Newswire
- Akamai Technologies, Inc. (NASDAQ: AKAM) had its "outperform" rating re-affirmed by analysts at Evercore ISI. They now have a $110.00 price target on the stock.MarketBeat
AKAM
Earnings
- 11/7/24 - Beat
AKAM
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 144
- 12/13/24 - Form 4
- AKAM's page on the SEC website