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 edge computing , enabling enterprises to operate applications with low latency due to the closer proximity to its end users. Stable And Steady Growth Akamai is different from the growth monster it was in the past. Revenues grew just 2.5% in its latest quarter. Its Compute division is the growth driver, as it saw a 61% rise in the quarter to $112 million, while its Security division saw a 10% rise to $405 […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
