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With a market cap of $10.7 billion, Akamai Technologies, Inc. (AKAM) is a global leader in content delivery, cloud infrastructure, and security solutions. The company helps organizations accelerate digital experiences, safeguard applications and APIs, and optimize cloud performance for users worldwide.
Shares of the Cambridge, Massachusetts-based company have underperformed the broader market over the past 52 weeks. AKAM stock has dropped 26.2% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.4%. Moreover, shares of Akamai Technologies have decreased 22.2% on a YTD basis, compared to SPX's 9.7% rise.