From Nasdaq: 2024-11-20 10:42:00

Akamai Technologies, Inc. announced the expansion of its Guardicore Segmentation and Enterprise Application Access solutions to enhance cloud performance and security, particularly in AWS. The upgraded Guardicore Segmentation offers improved security features and visualization capabilities, bridging the gap between DevOps and SecOps teams for better cloud network security governance.

In addition to Guardicore Segmentation upgrades, Akamai improved its Enterprise Application Access product with edge transport technology for optimized performance. These enhancements aim to improve user experience when accessing critical business applications and reduce application response times by up to three times, benefiting in-office users and remote environments.

Akamai’s cloud-optimization solutions, including the recently expanded offerings, are designed to help organizations enhance application performance, availability, and security. The company’s focus on innovation in cloud security is expected to drive demand for its solutions, leading to increased revenues and potentially boosting the company’s stock performance.

Despite Akamai’s recent expansion efforts, its stock has underperformed the industry, losing 22.8% in the past year. The company currently carries a Zacks Rank #4 (Sell), but there are better-ranked stocks in the industry, such as Plexus Corp. with a Zacks Rank of 1 (Strong Buy) and Arista Networks, Inc. with a Zacks Rank of 2 (Buy).

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To read the full article on Zacks.com and explore detailed stock analysis reports for Akamai Technologies, Inc., Amazon.com, Inc., Plexus Corp., and Arista Networks, Inc., visit the provided links.



Read more at Nasdaq: Will the AKAM Stock Aid From the Expansion of Its Cloud Solutions?