NasdaqGS:AKAMIT
What Akamai Technologies (AKAM)'s Cloud and Security Pivot Means For Shareholders
Akamai Technologies has in recent months continued its shift from a pure content delivery network to a broader distributed cloud, cybersecurity, and edge computing platform, with security revenues guided to grow around 10% and cloud computing revenues targeted for roughly 40–45% growth by year-end.
An interesting angle for investors is that this business mix evolution comes while the company trades on a relatively modest forward earnings multiple and continues to run an aggressive share...