Akamai In Contract Talks; Apple, Facebook Shift Eyed

By | December 23, 2015

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Akamai Technologies (AKAM) is renegotiating contracts with key customers to account for declining media traffic — a factor in lowered current-quarter revenue guidance, says Pacific Crest Securities in a research report. Cambridge, Mass.-based Akamai’s content delivery network (CDN) speeds up video streaming, e-commerce transactions and business software downloads over the Internet. Akamai stock is down 16% in 2015 and off 32% since touching a Scalper1 News

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