Akamai Acquires Bloxx
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Concerns Rise Over Low Traffic From Akamai Technologies (AKAM) Top 3 Customers; Macquarie Cuts Price Target to $65
November 2, 2015 11:36 AM UTCMacquarie maintained a Neutral rating on Akamai Technologies (NASDAQ: AKAM), and cut the price target to $65.00 (from $71.00), as concerns rise over low traffic from top 3 customers. Analyst Kevin Smithen feels that this is primarily a result of insourcing to internal CDNs. Its likely that AKAMs top customers have added their own capacity over the past few quarters in anticipation of future product... More
Akamai (AKAM) Announces Acquisition of Bloxx
November 2, 2015 6:42 AM UTCAkamai Technologies, Inc. (NASDAQ: AKAM) announced today that it has acquired Bloxx, a provider of Secure Web Gateway (SWG) technology for protecting enterprises and their employees from Internet threats, in a cash transaction. The acquisition is expected to complement Akamai's cloud security strategy for protecting businesses against Internet vulnerabilities.
As enterprises and their employees increasingly leverage the Internet and adopt SaaS and cloud-based applications to run their business, a growing percentage of corporate network traffic and transactions... More
