Akamai gains on report of takeover speculation
May 19, 2022 10:36 AM ETAkamai Technologies, Inc. (AKAM)By: Joshua Fineman, SA News Editor8 Comments
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- 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.