|March 25, 2014|
|06:04 EDT||AKAM, TEF||Akamai, Telefonica enter into global content delivery alliance|
Akamai Technologies, Inc. (AKAM) and Telefonica Global Solutions, the global service provider part of Telefonica (TEF), announced a strategic global alliance to deliver Akamai's suite of content delivery network, or CDN, solutions to Telefonica enterprise customers. To further enhance its CDN business, Telefonica Global Solutions is combining Akamai's content delivery platform with its own global IP network to deliver a suite of global CDN and telecom solutions to enterprises. The strategic alliance will initially focus efforts in Spain and Latin America with plans to expand globally. In addition, the companies have formed an innovation steering committee to identify areas of product development and future opportunities, particularly in the fields of media optimization and mobile technologies. As part of the multi-year agreement, Akamai and Telefonica plan to dedicate shared resources across technical support, customer care, marketing and professional services with a goal of providing the best end-user experience.
News For AKAM;TEF From The Last 14 Days
|October 23, 2014|
|06:51 EDT||AKAM||Akamai reports DDoS attack traffic up 22% year-over-year|
Akamai Technologies released its Q3 State of the Internet Report. A brute force approach characterized the most significant campaigns in Q3 as attackers shifted towards new attack methods and enhanced older attack methods to consume more bandwidth. These record‑setting DDoS attack campaigns marked an 80% increase in average peak bandwidth in Q3 compared to the previous quarter and a four-fold increase from the same period a year ago. Q3 also saw an increase in average peak packets per second, recording a 10% increase over the previous quarter and a four-fold increase compared the same quarter in 2013. Malicious actors have found ways to involve a wider base of devices to expand DDoS botnets and produce larger DDoS attacks. PLXsert has observed botnet-building efforts in which malicious actors sought to control systems by gaining access through vulnerable web applications on Linux-based machines. Attackers have also expanded to a new class of device including smartphones and embedded devices, such as customer-premises equipment, or CPE, home cable modems, mobile devices, and a great variety of Internet-enabled devices including home-based and wearables within the category of the Internet of Things, or IoT. Attacks with both high bandwidth and high volume were made possible by the use of multi-vector attack methods. More sophisticated, multi-vector attacks became the norm this quarter, with more than half of all attacks utilizing multiple attack vectors. This was an 11% increase in multi-vector attacks compared to last quarter, and a nine percent increase compared to 3Q13. Multi-vector attacks have been fueled by the increased availability of attack toolkits with easy-to-use interfaces as well as a growing DDoS-for-hire criminal industry.
|October 17, 2014|
|07:26 EDT||TEF||Telefonica axes 1.6K German jobs after E-Plus deal, WSJ says|
As Telefonica gains E-Plus, the company's German division will reduce over 1.6K staff members in the country, according to The Wall Street Journal, citing a person familiar with the matter. Telefonica's German division employs 9.1K workers total at the moment. Reference Link
|October 16, 2014|
|12:52 EDT||AKAM||Akamai retreats after Wells cuts rating on traffic trends|
Shares of Akamai (AKAM) are falling after Wells Fargo downgraded the stock to Market Perform from Outperform, saying its research indicates the company's traffic has been moderating in recent weeks. Akamai provides services for the delivery of content over the Internet. WHAT'S NEW: The amount of video and audio streaming being handled by Akamai has slowed during the first two weeks of October when compared with the third quarter, Wells Fargo wrote in a note to investors today. Although Akamai's revenue growth does not correlate directly with changes in the traffic it handles, traffic trends have provided indications about the direction of the company's revenue growth in the past, the firm stated. Additionally, Akamai is facing tough comparisons this quarter, and its international business will be hurt by the strong dollar, the firm contended. Wells predicted the company's 2014 and 2015 earnings would miss expectations and cut its price target range on the name to $57-$61 from $70-$75. OTHERS TO WATCH: Limelight Networks (LLNW) and Level 3 Communications (LVLT) also provide Internet content delivery services. PRICE ACTION: In early afternoon trading, Akamai fell 3% to $53.
|10:01 EDT||AKAM||On The Fly: Analyst Downgrade Summary|
Today's noteworthy downgrades include: Akamai (AKAM) downgraded to Market Perform from Outperform at Wells Fargo... CGG SA (CGG) downgraded to Reduce from Neutral at Nomura... Central Valley Community (CVCY) downgraded to Hold from Buy at Sandler O'Neill... DSM (RDSMY) downgraded to Neutral from Buy at Nomura... Disney (DIS) downgraded at Guggenheim... Francesca's (FRAN) downgraded to Underperform from Outperform at Macquarie... Netflix (NFLX) downgraded to Fair Value from Buy at CRT Capital... Nordstrom (JWN) downgraded to Neutral from Outperform at Macquarie... Norfolk Southern (NSC) downgraded at Credit Suisse... Rio Tinto (RIO) downgraded to Market Perform at Cowen... Seadrill (SDRL) downgraded to Reduce from Neutral at Nomura... Ternium (TX) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Neutral from Outperform at Macquarie... Viacom (VIAB) downgraded at BofA/Merrill... eBay (EBAY) downgraded to Underperform from Buy at CLSA... lululemon (LULU) downgraded to Underperform from Neutral at Macquarie.
|05:29 EDT||AKAM||Akamai downgraded to Market Perform from Outperform at Wells Fargo|
Wells Fargo downgraded Akamai to Market Perform citing a slowdown in the company's video and audio streaming traffic during the first two weeks of October. The firm believes 2015 revenue estimates are too high and lowered its price target range for shares to $57-$61 from $70-$75.
|October 15, 2014|
|06:39 EDT||AKAM||Akamai warns of UPnP devices used in DDoS attacks|
Akamai Technologies released, through the company's Prolexic Security Engineering & Response Team, or PLXsert, a new cybersecurity threat advisory. The advisory alerts the security community, device vendors, Internet service providers and enterprises to the risk of massive distributed denial of service, or DDoS, attacks involving Universal Plug and Play, or UPnP, devices. PLXsert has observed the use of a new reflection and amplification DDoS attack that deliberately misuses communications protocols that come enabled on millions of home and office devices, including routers, media servers, web cams, smart TVs and printers. The protocols allow devices to discover each other on a network, establish communication and coordinate activities. DDoS attackers have been abusing these protocols on Internet-exposed devices to launch attacks that generate floods of traffic and cause website and network outages at enterprise targets.
|October 13, 2014|
|09:23 EDT||AKAM||HP could buy lower valuation company, says Bernstein|
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|07:15 EDT||AKAM||National Association of Corporate Directors to hold a conference|
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