Key Points Akamai is one of the world’s largest content delivery networks (CDNs), with over 300,000 servers and over 1,700 networks located in over 135 countries. Some of its biggest well-known customers include streaming giant Netflix and Apple iTunes. It’s Compute division, offering hyper-scale cloud computing services, competes directly with Amazon, Microsoft, and Google, which prompted a downgrade from Guggenheim. Akamai shares trade at 14X forward earnings and have a 4.70% short interest. Cloud services and content delivery network (CDN) operator Akamai Technologies Inc. (NASDAQ: AKAM) saw its stock plunge over 10% on its Q4 2022 earnings release. The Company operates one of the world’s largest CDNs. It delivers massive amounts of web content with speed, performance, and reliability for some of the world’s most extensive streaming , technology, and media companies. They are the CDN for streaming video giant Netflix Inc. (NASDAQ: NFLX) , Apple Inc. (NASDAQ: AAPL) , Microsoft Co. (NASDAQ: MSFT) , International Business Machines Co. (NYSE: IBM) , and Adobe Inc. (NASDAQ: ADBE) . With over 300,000 servers spread over 135 countries, it’s expanded its core services beyond just a CDN. It provides various cloud services , including cybersecurity, web performance optimization, media delivery, and […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
