To The Moon

Hey, this is Stocks_Pedia.

I would like to introduce some unfamiliar companies that may be of some help to your investments.

The company I'm going to introduce is $Akamai(AKAM)$.

It went public on October 29, 1998.

[Company Profile]

Akamai Technologies, Inc. provides cloud services for securing, delivering, and optimizing content and business applications over the internet in the United States and internationally.

The company offers cloud solutions, web and mobile performance solutions, media delivery solutions and edge compute solutions.

In addition, the company offers carrier offerings and an array of service and support to assist customers with integrating, configuring, optimizing, and managing its offerings.

It sells its solutions through direct sales and service organizations, as well as through various channel partners.

Akamai Technologies, Inc. was incorporated in 1998 and is headquartered in Cambridge, Massachusetts.

[History & Events]

1998: The company developed a working prototype and began taking steps to incorporate the company with the help of Jonathan Seelig and Randall Kaplan.

1999: The company launched its commercial service in April and was listed on the NASDAQ Stock Market from October 29, 1999.

2000: The company paid $200 million in cash and stock to acquire Network24 Communications Inc., a Cupertino, California-based streaming media company. 

2001: Akamai was added to the Russell 3000 Index and Russell 2000 Index.

2007: Akamai was added to the S&P 500 Index.

2021: Akamai announced it would reorganize into two internal groups: Security Technology and Edge Technology.

2021: The company agreed to acquire Montreal-based Inverse. The acquisition is intended to enhance Akamai's enterprise security capabilities and expand its portfolio of zero trust and secure access service edge solutions for IoT.

2022: Akamai Technologies completed acquisition of Linode to provide businesses with a developer-friendly and massively distributed platform to build, run and secure applications.

[Main Business Segments]

Source: TigerTrade

[Net Income & Total Revenue]

Source: TigerTrade

Source: TigerTrade

[Competitors]

Zvelo

PerimeterX

Kingsoft Cloud

$Cloudflare, Inc.(NET)$

$Fastly, Inc.(FSLY)$