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
Akamai Technologies stock plunged Wednesday on views that Apple (AAPL), its biggest customer, is shifting more of its own traffic to an internal content-delivery network (CDN) and that two other media customers are doing the same. A delay in Apple’s Web-TV service launch continues to be a dark cloud over Akamai (AKAM) stock as well, amid Akamai’s higher network investments to support so-called OTT, or “over-the-top” online video services.
The U.S. is in the forefront of the global shift to Internet addresses using IPv6, the most recent version of the IP communication standard, says Akamai Technologies (AKAM) in its Q2 State of the Internet report. Cambridge, Mass.-based Akamai is the biggest provider of CDN, or content delivery network, services to media and entertainment companies, mainly providing video streaming. Its technology also speeds up e-commerce transactions and business