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AKAMAI TECHNOLOGIES, INC.

(AKAM)
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UPDATE1: Glitch causes brief internet disruption in Japan, other nations

07/22/2021 | 04:28pm EDT

A system glitch caused the websites of some businesses in Japan, the United States and Europe to be temporarily difficult to access on Thursday, but the problem was solved within an hour, U.S. firm Akamai Technologies Inc. said, ruling out the possibility of a cyberattack.

The internet disruption occurred in the early hours of Friday local time in Japan as the country braces for the official start of the Tokyo Olympics, with the opening ceremony scheduled later in the day amid high alert for possible cyberattacks.

The problem arose as "a software configuration update triggered a bug in the DNS system" which directs browsers to websites, the U.S. IT firm tweeted.

It added that normal operations were restored by rolling back the update, and confirmed the incident "was not a cyberattack against Akamai's platform."

In Japan, the websites of some companies including Japan Airlines Co. became hard to access briefly, while the online services of Sony Corp.'s PlayStation became unavailable.

Many companies around the world use the services of Akamai, which provides high-speed web viewing and video downloading.

According to U.S. and European media, American Express Co., British Airways Plc and Delta Air Lines Inc. were among the companies affected by the disruption.

==Kyodo

© Kyodo News International, Inc., source Newswire

Stocks mentioned in the article
ChangeLast1st jan.
AKAMAI TECHNOLOGIES, INC. -0.71% 106.81 Delayed Quote.2.80%
JAPAN AIRLINES CO., LTD. -0.16% 2456 End-of-day quote.23.11%
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Analyst Recommendations on AKAMAI TECHNOLOGIES, INC.
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Financials (USD)
Sales 2021 3 444 M - -
Net income 2021 624 M - -
Net cash 2021 968 M - -
P/E ratio 2021 28,5x
Yield 2021 -
Capitalization 17 516 M 17 516 M -
EV / Sales 2021 4,81x
EV / Sales 2022 4,28x
Nbr of Employees 8 368
Free-Float 97,6%
Chart AKAMAI TECHNOLOGIES, INC.
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Akamai Technologies, Inc. Technical Analysis Chart | AKAM | US00971T1016 | MarketScreener
Technical analysis trends AKAMAI TECHNOLOGIES, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 107,57 $
Average target price 129,31 $
Spread / Average Target 20,2%
EPS Revisions
Managers and Directors
Frank Thomson Leighton Chief Executive Officer & Director
Rick M. McConnell President & GM-Security Technology Division
Edward J. McGowan Chief Financial Officer & Executive Vice President
Daniel R. Hesse Chairman
Robert Blumofe Chief Technology Officer
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