Akamai Technologies Inc
AKAM: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Ztd | LOCK|?lc | LOCK|q%<$X@ |
Akamai Earnings: Cloud Services Ramp Is Imminent, but Worries Over Needed Capital Weigh
Akamai's third-quarter sales rose 6% on modest security and cloud-compute revenue. Management announced targets of $1.2 billion in cloud-computing revenue in 2027, and over $7 billion in total revenue for 2028, implying a faster path to its previously stated $2.2 billion annualized run rate.
