Akamai's Second Half Of 2024 To Benefit From Major Events And Data Center Additions: Analyst

Akamai’s Second Half Of 2024 To Benefit From Major Events And Data Center Additions: Analyst

Guggenheim analyst Raymond McDonough upgraded Akamai Technologies Inc (NASDAQ:AKAM) to Neutral from Sell.

The analyst sees risk to both Q3 and Q4 FY23 top-line estimates, with potential downside to Compute business, which will likely require the utilization of incremental capacity build-outs, most of which will probably come online in Q4.

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Akamai’s Second Half Of 2024 To Benefit From Major Events And Data Center Additions: Analyst

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