Akamai gains on report of takeover speculation

May 19, 2022 10:36 AM ETAkamai Technologies, Inc. (AKAM)By: Joshua Fineman, SA News Editor8 Comments

Akamai Technologies headquarters in Silicon Valley

Sundry Photography/iStock Editorial via Getty Images

  • Akamai Technologies (NASDAQ:AKAM) quickly rose 2.7% after a report on takeover speculation.
  • There's speculation that the cloud services and content delivery company may be seeing interest from a mystery buyer, according to a Betaville "uncooked" alert. The identity of the potential bidder couldn't be learned. Akamai (AKAM) has a market cap of about $16 billion.
  • Earlier this month, Akamai Technologies shares dropped 9.7% in response to the cloud services firm's Q1 results that were followed by a string of ratings and PT cuts.
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