Akamai Downgraded On Apple Software Downloads, OTT

By | November 20, 2015

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Akamai Technologies (AKAM) stock fell to a 13-month low after Goldman Sachs downgraded the provider of content delivery network (CDN) services on slowing media traffic, including lower software download traffic from Apple and other customers. Akamai stock was down 6% in midday trading in the stock market today, near 55.50. Shares in Cambridge, Mass.-based Akamai have plunged 26% since it reported Q3 earnings last month and warned that its three Scalper1 News

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