Akamai’s stock, which shot upward in 2010, has dropped a healthy share of this gain in 2011, falling from a peak of over $54 to below $37. Apple posted slightly better-than-expected sales and profits for its fiscal fourth quarter ended September. CDNs aren't new, but there's a heightened awareness of their usefulness. After spending more than a decade travelling the world exploring different cultures and languages, I'm happy to now be contributing to the Motley Fool's mission to make the world smarter, happier, and richer. Akamai Technologies, Inc. (AKAM) is working its way for to the top in the market in today’s trading session. Wall Street was looking for just $1.23 per share in adjusted profits. Currently the stock is trading at INR 2117 (as on September’20) which is 45% below its 52-week high. It will be important to determine whether it can continue growth (albeit at a slower pace) or whether it stands to cede market share long term to companies like Fastly. Akamai finished Q3 with $2.6 billion in cash. A content delivery network (CDN) like Akamai helps make the internet faster by physically placing servers closer to internet users. T … View real-time stock prices and stock quotes for a full financial overview. Why Is Akamai’s R&D Efficiency Falling? But investors didn't like results from rival companies like Fastly and Limelight Networks either, putting additional downward pressure on Akamai stock. It’s currently trading 34% above its 52-week low of $49.59 and 20% below its 52-week high of $83.08. Why celebrity chef Tunde Wey wants to charge white people $100 for salt. The COVID-19 pandemic has caused more people to be online and that could drag speeds down, highlighting the need for efficient CDNs. Why is ITC Ltd stock falling? Here’s Why. However, as an established player in the space, Akamai isn't growing as fast as some of its younger rivals. Jun 8, 2018 10:07AM EDT. Why Akamai Stock Dropped Nearly 14% in October The stock fell after the company reported a good quarter, likely because investors didn't like the reports from rival businesses. A high-level overview of Akamai Technologies, Inc. (AKAM) stock. Altria’s stock (NYSE: MO) lost about 32% of its value in the last 3 years, with the stock price dropping from $56 at the end of 2016 to $38 as of 18th May 2020. Seeking Alpha RSS Feeds Akamai Technologies (AKAM) reported earnings 30 days ago. "Our excellent third quarter results were driven by the continued strong performance of our security products and sustained high traffic levels on the Akamai Edge platform," CEO Dr. Tom Leighton said in a statement. Akamai is losing its major technology clients, who are investing in their own content delivery networks instead of outsourcing the service to Akamai. Akamai stock is up around 16% since the beginning of this year, and at the current price of around $100 per share, we believe Akamai stock has a significant downside. Fastly, another CDN, has been a big beneficiary of increased internet usage with its third-quarter revenue growing nearly 43% year over year. As seen the stock reached its highest price INR 3844 in November’19 and had a steep fall in March’20. Akamai expects to report an adjusted EBITDA margin of 43% next quarter. Let's conquer your financial goals together...faster. Overall Market Fall. Published. (Forbes) 30.10.20. Akamai Technologies (AKAM) reported earnings 30 days ago. Market data powered by FactSet and Web Financial Group. Shares of Akamai Technology (NASDAQ:AKAM) have tanked today, down by 9% as of 2:50 p.m. EDT, after the company reported third-quarter earnings. When researching a stock, it's important to consider industry trends. Why Akamai Technologies, Inc. Fell 22.6% in May The content delivery veteran plunged on weak next-quarter guidance as large media customers continue to lean on their own in-house solutions. Deadliest place in America: They shrugged off the pandemic, then their family and friends started dying . "We're proud of how Akamai continued to deliver fast, intelligent and secure online experiences for billions of users around the world as we support our customers during these unprecedented times.". Furthermore, guidance was as good or better than hoped. Why BioNTech Shares Are Falling Today Keith Speights 6/23/2020. Guidance for Q4 calls for revenue of $812 million to $837 million, with the midpoint of that range being slightly above the $822.7 million in sales that analysts are expecting. And Limelight Networks similarly missed profit expectations when it reported quarterly results. Network company reported revenue of $ 83.08 posted slightly better-than-expected sales and profits for its fiscal fourth quarter ended.. 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