Akamai Technologies Inc
AKAM: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &PQ | LOCK|!Js | LOCK|XT>g%<& |
Akamai Earnings: Cloud Computing Deals Continue to Arrive, Building a Strong Bookings Backlog
Akamai reported good results with 39% cloud computing growth offsetting declines in delivery revenue. Management guidance for the third quarter was a little light, but was overshadowed by the announcement of a four-year, $600 million cloud infrastructure service deal to power robotics development.
