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Based in Cambridge, Massachusetts, Akamai Technologies, Inc. (AKAM) is a global leader in content delivery network and cloud infrastructure services valued at $15.3 billion by market cap. Akamai’s solutions mitigate traffic congestion, bandwidth issues, and capacity constraints, allowing secure, scalable, and cost-effective e-business operations. The company is organized into two main divisions: Media and Carrier and Web Division.
Shares of AKAM have underperformed the broader market over the past year. The stock has soared marginally over this time frame, while the broader S&P 500 Index ($SPX) has surged 28.3%. In 2024, AKAM fell 14.1%, lagging SPX's 17.6% gains on a YTD basis.
