LONDON, UK / ACCESSWIRE / October 13, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Akamai Technologies, Inc. (NASDAQ: AKAM) ("Akamai"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=AKAM. The Company announced on October 11, 2017, that it has entered into an agreement to acquire Nominum, a market leader in DNS and enterprise security solutions for carriers. The all-cash transaction is expected to close later this quarter. The terms of the transaction were not disclosed. For immediate access to our complimentary reports, including today's coverage, register for free now at:
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on AKAM. Go directly to your stock of interest and access today's free coverage at:
Nominum is a privately-funded Company headquartered in Redwood City, California. The acquisition is intended to add complementary capabilities to Akamai's portfolio of security offerings while expanding Akamai's distribution to carriers that serve enterprise customers.
Akamai stated that in today's world, carriers and enterprises are being increasingly targeted by attackers looking to exploit weaknesses and gaps in cybersecurity defenses. The Company believes that by combining Nominum's carrier-grade cybersecurity solutions with Akamai's enterprise security offerings and threat intelligence, it will be able to serve a larger base of carrier and enterprise customers with more comprehensive security products. Akamai noted that these products will be designed to more effectively identify, block, and mitigate cybersecurity threats such as malware, ransomware, phishing, and data exfiltration.
Akamai expects the acquisition to be dilutive to non-GAAP earnings in the fiscal fourth quarter 2017 and in the fiscal year 2018 due to integration costs and the impact purchase accounting has on revenue recognition. The Company expects the transaction's impact on Q4 2017 results to be approximately $0.05, and approximately $0.11 for FY18. Akamai expects the acquisition to be accretive in 2019.
Bot Premier Manager Launch
On the same day of the acquisition announcement, Akamai announced the launch of Bot Manager Premier, which is designed to help organizations manage the impact of bots across their entire digital environment, including websites, mobile applications, and web APIs.
Akamai noted that a recent survey conducted by the Ponemon Institute, on behalf of Akamai, found that 54% of respondents reported that credential stuffing attacks are not only increasing but also becoming more severe; 68% indicated that they did not have good visibility into credential stuffing attacks; and 70% did not believe existing solutions were sufficient for preventing and containing these attacks.
Bot Manager Premier is designed to help online businesses address several advanced bot use cases as quickly, efficiently, and effectively as possible. These situations include credential abuse, gift card/credit card balance checking, loyalty program other forms of web fraud, as well as automated purchases of travel reservations or limited availability consumer goods.
Akamai noted that by utilizing the technology from its Cyberfend acquisition, Bot Manager Premier is able to detect bot activity disguised as human interactions, even if the bots continually modify behavior in an attempt to evade detection while targeting login and other transactional pages. Bot Manager Premier can also effectively manage other bot activity, such as scraping, content aggregation, and even "good" bots that can affect other aspects of a company website.
Last Close Stock Review
On Thursday, October 12, 2017, the stock closed the trading session flat at $50.52. A total volume of 1.18 million shares have exchanged hands. Akamai Technologies' stock price advanced 8.23% in the last one month. The stock is trading at a PE ratio of 28.85 and currently has a market cap of $8.61 billion.
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily