Akamai Downgraded On Slower Growth, ‘Mixed’ Guidance

By | January 5, 2015

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Akamai Technologies’ (AKAM) revenue growth will slow as video and e-commerce traffic carried over its content delivery network decelerates, says Pacific Crest Securities, which downgraded the stock to sector perform late Sunday. Cambridge, Mass.-based Akamai is the biggest provider of CDN services to media and entertainment companies. Its computer server network stores copies of website content for fast delivery to end users. Chad Bartley, an Scalper1 News

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