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 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