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
Microsoft (MSFT) could acquire Akamai Technologies to better compete with Amazon.com in cloud infrastructure services, theorizes Oppenheimer in a 2016 telecom outlook. Cambridge, Mass.-based Akamai’s (AKAM) content delivery network (CDN) speeds up video streaming, e-commerce transactions and business software downloads over the Internet. “Akamai would be a viable acquisition target for Microsoft as it looks to compete with Amazon Web Services in
Akamai Technologies (AKAM) stock flirted with a 13-month closing low on Wednesday amid reports that key customer Apple (AAPL) has shelved its plans for a Web TV service because of stalled talks with media companies. Akamai has been making big Internet investments in anticipation of growth in online video traffic from Apple as well as other customers. Cambridge, Mass.-based Akamai is the biggest provider of CDN (content delivery network) services