Akamai CEO buys more shares; sell-side debates Verizon/EdgeCast

|About: Akamai Technologies, Inc. (AKAM)|By:, SA News Editor

Akamai (AKAM -2%) CEO Tom Leighton discloses he bought 25K shares on Friday at a price of $45.28. The purchase comes on top of ones made in February and March.

Altogether, Leighton has bought 105K shares since becoming CEO at the beginning of 2013.

Shares continue to trade lower in response to the Verizon/EdgeCast deal. Raymond James (Market Perform) thinks the deal will "exacerbate pricing concerns" for Akamai's lower-margin media delivery sales (48% of revenue, but gradually declining).

Akamai mentioned on its Q3 CC (transcript) it's in the midst of price negotiations with a major media client. RJ thinks the client is Apple.

Wells Fargo (Outperform) is less worried about Verizon's move. The firm notes telco acquisitions of Web hosting/cloud infrastructure companies (including Verizon's acquisition of Terremark) failed to hurt independent players.