Akamai: Warning Flags Leading Into Q1 Earnings
AKAMAkamai(AKAM) Seeking Alpha·2024-05-07 03:19
DKosig Akamai's (NASDAQ:AKAM) pursuit of cloud computing has created some hype around the stock in recent quarters. It is not clear that this is warranted, though. Akamai's pursuit of cloud computing is a risky strategic move due to the upfront costs involved and comes in an uncertain macro environment where many companies are gambling on infrastructure build-outs. I last wrote about Akamai in December, suggesting that caution was warranted despite the company's accelerating growth. The stock is down by ...