Akamai Technologies Inc

AKAM: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$381.00	Vgbv	Hmzyzdwtfs

Akamai Earnings: Growth Businesses Are Crushing It and Demand Should Remain High

Matthew Dolgin

Nov 8, 2023

Akamai’s third-quarter results support the successful transformation the firm has made to overcome the perpetually declining content delivery business it was built upon. Total sales and profits exceeded the company’s third-quarter guidance on accelerating growth in security and compute, and guidance implies security and compute growth rates will remain elevated. We’re increasing our growth projections and raising our fair value estimate to $95 from $90.

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