NEW YORK (TheStreet) -- We're living in an age where everyone seems to rely on the worldwide Web. Entire companies and government infrastructures depend on the Internet for information, network support, web hosting and cloud software.
Threats by one government against another government's computer systems and operational functioning are becoming almost a weekly event. Even military operations can be thwarted or shut down by hackers and cyber attacks.
No wonder entities big or small have to spend vast sums of money to protect themselves from the kind of interruptions that can literally be a matter of life and death. We're seeing a Vesuvius-like eruption in the earnings and revenue of the tech stocks that get a significant portion of their cash flow from their cyber-security software programs.
One such company is Akamai Technologies (AKAM), which provides content delivery and cloud infrastructure services for accelerating and improving applications over the Internet in the United States and internationally.The company offers application and cloud performance solutions to enhance the operation of the applications used by enterprises to connect with their employees, suppliers, and customers. Its solutions include Web Application Accelerator, which enables enterprises to run various applications. Its IP (Internet Protocol) Application Accelerator is designed to optimize the performance, availability and real-time sensitivity associated with IP-enabled applications delivered over Internet-related protocols. From that description you can begin to tell that it also needs to be in the cyber security business. That's where the investor is introduced to AKAM's Web security solutions, which in Hawaiian-centric style is called "Kona Security Solutions". At its world-class Web site you'll find the following description:
Designed to provide superior cloud computing security, prevent data theft and downtime and mitigate Denial of Service attacks by extending the security perimeter outside the data center, Kona Security Solutions are part of an overall web security strategy. They deliver unmatched cloud security and offer protection from increasingly large and sophisticated Web attacks including SQL injection and Distributed Denial of Service attacks (DDoS attacks).When you see the extent of its data security solutions and realize that AKAM has a customer list that includes all branches of the U.S. military and every one of the top 30 global media companies, you have a good insight into why cyber security is a big part of the company's financial growth and its future.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV