.August 12, 2024 03:26:30 AM

Akamai Technologies (NASDAQ:AKAM) saw a surge in its stock price after reporting impressive second-quarter results. The company announced a 15% increase in security revenue to $498.7 million and a 23% jump in compute revenue to $151.5 million. Akamai also raised its full-year adjusted EPS guidance, reflecting a positive outlook and strong demand for its products. Despite a 15% decline in shares for the year, the company’s financial health and strategic direction indicate resilience in a competitive market. Investors will be watching closely as Akamai navigates the evolving landscape of security and cloud computing.