Bashers beware!!! Nothing wrong with Akamai... Short interest may have shifted, but only momentarily!
Wall Street can have high expectations, and cloud platform provider Akamai Technologies (NASDAQ: AKAM ) fell victim to those today. Doing little more wrong than simply maintaining its previously stated first-quarter guidance, the stock tumbled 4.4%. Still expecting earnings of $0.45 to $0.47 per share in the quarter, analysts were looking for $0.50 per share.
Comment by Dan Rayburn
"Amazon Has A Shot At Disrupting Akamai And The Dynamic Site Acceleration Market" is baseless and only supposition! He has been saying this garbage regarding LLNW, LVLT and the likes about taking business away. Hasn't happened in the years an years of his predictions. Why anyones listens to his chatter is beyond me. I can't see one article he has written that has been on the money regarding AKAM - he only temporarily helps shorts to bring down the price and buy on a temporary dip. Those touting anything more or a demise of this mega-giant will be sorely sorry by thinking Rayburn has any validity.