CAMBRIDGE, Mass. - Akamai Technologies, Inc. (NASDAQ: NASDAQ:AKAM) has announced the extension of its Akamai Guardicore Segmentation to hybrid cloud environments. This move aims to enhance security by reducing attack surfaces and containing cloud-native workload attacks.
Initially available on Microsoft (NASDAQ:MSFT) Azure Marketplace, the solution offers network security professionals the ability to manage policies across public clouds efficiently, with a unified interface for simpler network governance and reduced management complexity. The offering will later expand to Akamai Connected Cloud later in the year.
The decision to extend Guardicore Segmentation follows a survey revealing that 33% of IT decision-makers plan to increase their use of distributed cloud services to boost security and reliability. Yet, 48% of these professionals noted a lack of adequate security tools for distributed cloud environments. Akamai's solution addresses this gap by providing visibility into application behavior and streamlining policy management across multiple cloud providers.
Pavel Gurvich, Senior Vice President and General Manager of Enterprise Security at Akamai, highlighted the importance of visibility and security controls in cloud environments. He explained that microsegmentation policies allow security practitioners to have a comprehensive view and control over cloud environments through a single interface, eliminating the need for agents. This approach is designed to protect business-critical applications across various platforms, simplifying security solution management.
Key features of the Akamai Guardicore Segmentation include agentless cloud-native visibility, an interactive map of network flows, hybrid enforcement engines for policy management, integrated reputation analysis, and threat intelligence firewall capabilities. These features shorten detection and response times in case of a breach and ensure scalability and security within the cloud infrastructure.
The information in this article is based on a press release statement.
InvestingPro Insights
Akamai Technologies (NASDAQ: AKAM) has been proactive in enhancing its cloud security offerings, as seen with the latest extension of Akamai Guardicore Segmentation to hybrid cloud environments. This strategic move aligns with the company's financial health and market performance, revealing a balanced approach between growth and stability.
An InvestingPro Tip highlights that management at Akamai has been aggressively buying back shares, which often reflects confidence in the company’s future outlook and a commitment to shareholder value. Additionally, 11 analysts have revised their earnings upwards for the upcoming period, suggesting that the market anticipates positive performance from the company.
From a financial perspective, Akamai has a market capitalization of 16.3 billion USD, with a Price/Earnings (P/E) ratio of 26.96 based on the last twelve months as of Q4 2023. This valuation metric is crucial as it provides insight into how the market is currently valuing the company relative to its earnings. The Gross Profit Margin for the same period stands at an impressive 60.36%, indicating the company's efficiency in managing its cost of goods sold and maintaining profitability.
Moreover, Akamai's Revenue Growth for the last twelve months as of Q4 2023 was 5.4%, with a quarterly growth rate of 7.25% in Q4 2023, showcasing sustained business growth. This is particularly relevant for investors considering the company's capacity to increase its revenue streams over time, which is a critical aspect of long-term investment decisions.
For more detailed analysis and additional InvestingPro Tips on Akamai Technologies, including insights into stock volatility, cash flow adequacy, and liquidity, visit Investing.com/pro/AKAM. There are 9 more InvestingPro Tips available for Akamai, which can be accessed with a subscription. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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