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Akamai Technologies Inc (AKAM.O)

AKAM.O on Nasdaq

22 Jul 2016
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$0.69 (+1.21%)
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Latest Key Developments (Source: Significant Developments)

Limelight Networks - Massachusetts district court final judgment in Akamai Technologies networks case
Friday, 1 Jul 2016 10:47am EDT 

Limelight Networks : Limelight Networks Inc says Massachusetts district court has entered final judgment in Akamai Technologies, Inc. Et al. v. Limelight Networks case . Limelight Networks Inc says district court reduced total damages payable by Limelight in this case to approximately $51 million . Will regain access to about $12 million of $63 million currently held in a letter of credit supporting damages award .Limelight Networks Inc says will take a charge in Q2 2016 for full amount of $51 million.  Full Article

Hotstar and Akamai renew partnership in India to scale for live sports events
Wednesday, 25 May 2016 01:08am EDT 

Akamai Technologies Inc : Hotstar and Akamai announce renewal of partnership in India to scale for live sports events .  Full Article

Akamai Technologies Inc contacted U.S. SEC, DoJ regarding internal investigation - Reuters
Monday, 29 Feb 2016 02:48pm EST 

Akamai Technologies Inc:Conducting internal investigation, with assistance of outside counsel, relating to sales practices in country outside the U.S - RTRS.Investigation includes review of compliance with requirements of U.S. foreign corrupt practices act and other laws and regulations.In February 2015, voluntarily contacted U.S. SEC and Department of Justice to advise both agencies of internal investigation.  Full Article

Akamai Technologies acquires Bloxx
Monday, 2 Nov 2015 06:00am EST 

Akamai Technologies:Has acquired Bloxx, a provider of Secure Web Gateway (SWG) technology for protecting enterprises and their employees from Internet threats, in a cash transaction.Acquisition is not material to Akamai's financials.  Full Article

U.S. court revives $45 mln patent verdict against Limelight Networks Inc for infringing Akamai Technologies Inc's patent - Reuters
Wednesday, 12 Aug 2015 08:00pm EDT 

Limelight Networks Inc:Limelight Networks Inc is responsible for infringing rival Akamai Technologies Inc's patent for managing Web images and video, a U.S. appeals court ruled on Aug.13, reviving a $45 million verdict against the company - Reuters.The U.S. Court of Appeals for the Federal Circuit in the District of Columbia said Limelight's control over its customers' use of its services to deliver media content over the Internet meant the company was liable for the infringement.Says the decision by a full slate of 10 judges on the Federal Circuit, the top U.S. patent court, vacated the same court's previous decision from May.The legal dispute dates to 2006, when Akamai accused Arizona-based Limelight of infringing on its patented technology for efficiently handling website content.  Full Article

Akamai Technologies Inc gives Q3 2015 guidance; EPS guidance below analysts' estimates
Tuesday, 28 Jul 2015 04:30pm EDT 

Akamai Technologies Inc:Expects Q3 2015 revenue to be in the range of $543-$555 million.Expects Q3 2015 non-GAAP EPS to be in the range of $0.56-$0.58.Q3 2015 revenue of $552 million and EPS of $0.62 - Thomson Reuters I/B/E/S.  Full Article

Akamai Technologies Inc and Telecom Italia to offer content delivery, web optimization solutions
Tuesday, 21 Jul 2015 07:19am EDT 

Akamai Technologies Inc and Telecom Italia:Akamai and Telecom Italia enter into partnership to offer content delivery and web optimization solutions.Says agreement also includes a direct connection between telecom italia's ip network and the global akamai platform.  Full Article

Akamai Technologies and China Unicom establish strategic cloud services partnership
Tuesday, 26 May 2015 09:00pm EDT 

Akamai Technologies Inc:Says strategic partnership agreement with China Unicom Corp Ltd's cloud division - CU Cloud.As part of the strategic partnership, CU Cloud has agreed to complement its own Cloud services for global businesses with Akamai's full suite of industry-leading media delivery, web performance, and cloud security offerings.CU Cloud plans to leverage Akamai for CDN technology that will be available for the delivery of its Cloud services.Akamai enables operators to deploy a highly scalable, completely turnkey CDN that leverages the same technologies found within the Akamai Intelligent Platform.  Full Article

Akamai Technologies Inc gives Q2 2015 outlook; profit outlook below analysts' estimates - Reuters
Tuesday, 28 Apr 2015 05:38pm EDT 

Akamai Technologies Inc:Expects an adjusted profit of 55-59 cents per share and revenue of $532 million-$547 million for the Q2 2015 - Reuters.Analysts on average were expecting earnings of 63 cents per share and revenue of $544.8 million in Q2 2015, according to Thomson Reuters I/B/E/S.  Full Article

Akamai Technologies acquires Octoshape
Monday, 6 Apr 2015 09:22am EDT 

Akamai Technologies Inc:Acquired Octoshape in a cash transaction.Octoshape's services are designed to help optimize the quality of video streams for over-the-top (OTT) content and to enable Internet Protocol television (IPTV) solutions.  Full Article

BRIEF-Akamai appoints Monique Bonner as chief marketing officer

* Akamai appoints monique bonner as chief marketing officer Source text for Eikon: Further company coverage: