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Earnings Collapse On $AKAM: Here Is The Major Support Target

Shares of Akamai Technologies, Inc. (NASDAQ:AKAM) fall sharply after-hours on Tuesday after the company reported weaker than expected earnings. The stock is currently trading down over 11% from the close at $55.45 after closing at $62.50. Investors should steer clear of buying Akamai stock until it tags its first major support level at $48.85. Once there, Akamai Technologies will likely have a major bounce.