Akamai Technologies appears “bullish on the long-term potential” of its...
Akamai Technologies appears “bullish on the long-term potential” of its recent partnership with AT&T on content delivery network (CDN) solutions for companies, Wells Fargo analyst Gray Powell wrote investors Wednesday after meeting with Akamai Chief Financial Officer James Benson. Under…
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the deal, announced last week, AT&T will transfer its own CDN operations to Akamai next year (CD Dec 7 p19). While the deal is only likely to generate a small increase in revenue, “winning a marquee customer like [AT&T] demonstrates [Akamai’s] best-in-class CDN capabilities … which serves as a good proof point for other potential carrier deals,” Powell wrote. Demand for Akamai’s Kona Site Defender product is also strong in the wake of recent high-profile distributed denial of service attacks, Powell said. Akamai’s security business revenue has more than doubled in the last nine months, he said.