Akamai Downgraded As CDN Growth May Stoke Competition
Akamai Technologies’ (AKAM) revenue growth could invite more competition and price cutting, says Oppenheimer, which downgraded the stock on Tuesday, also citing valuation. Akamai stock has climbed 22% in 2015, hitting an all-time high of 78.44 on Thursday. Shares of rival Limelight Networks (LLNW) have jumped 55% this year, though Limelight stock still trades well under 5; it touched a more than three-year high of 4.34 on Monday. Akamai and