Akamai Deploys New ‘speed Boosting’ Technology

Akamai technologies (NASDAQ: AKAM), a provider of content delivery and cloud infrastructure services, recently announced the deployment of FastTCP technology across its global ‘Akamai intelligent platform.’ Akamai technologies had acquired FastSoft, a provider of content acceleration software. The new FastTCP technology has been developed using the expertise of the acquired firm. The new technology has been implemented this quarter and according to the company’s reports it has already provided performance improvements across the company’s worldwide networks.  The company claims that the throughput measurements collected a week before and after the implementation of the upgrade resulted in performance improvements ranging from 8% to 105% across Japan, China, North America and Europe. The technology upgrade, according to the company, improved download speeds for music/MP3s, games, and videos and also enhanced the quality of streaming video content. The result of these improvements has been that the number of times a video stream delivered by Akamai pauses or stalls has dramatically reduced, which leads to higher viewer retention rates.

Akamai technologies Inc. has been delivering steady revenue and earnings growth over the last few quarters and innovations like the FastTCP technology will only help the company improve the numbers further. The company’s strong financial growth has been reflected in its stock price which has registered a gain of over 30% in the last one year. The stock closed the last trading session at a price of $51.27, registering a daily gain of 1.38%.

To see Akamai’s latest stock price movement, click here (NASDAQ: AKAM)

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Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. The author may not be a certified/registered investment advisor, and the opinions expressed should not be treated as investment advice. Buying and selling of securities carries the risk of monetary losses. Readers/Viewers are advised to carry out their own due diligence and consult their investment advisors before making any investment decisions. Neither Amigobulls, nor the author have any business relationship with any of the companies covered in this post.

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