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.
Fastly, a content delivery network (CDN) rival to Akamai Technologies (AKAM), raised $75 million in a new venture capital funding round, bringing the San Francisco-based startup’s total to $130 million. Cambridge, Mass.-based Akamai is the biggest provider of CDN services to media and entertainment companies, mainly providing video streaming. Its technology also speeds up e-commerce transactions and business software downloads. Startups are often
Akamai Technologies (AKAM) on Tuesday night is expected to report Q2 revenue growth of 14%, with EPS flat compared to the June 2014 quarter, after spending heavily to get ready for as yet-unannounced Apple (AAPL) streaming TV service. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network (CDN) services to media and entertainment companies. Its technology speeds up e-commerce transactions, business software downloads and