Report
Alex Zhao
EUR 101.80 For Business Accounts Only

Akamai Continues to Offset Media Weakness with Growth in Performance Solutions; Shares Fairly Valued

Akamai’s second-quarter results tracked closely with our expectations and were typical of recent trends. Total revenue grew 6% year over year (or 7% on constant currency), thanks to continued double-digit growth in Performance and Security Solutions, or PSS, offset in part by headwinds in Media Delivery Solutions, or MDS, demand from both the largest Internet platform providers and other media customers. The struggle that Akamai faces in the traditional CDN business affirms our no-moat rating fo...
Underlying
Akamai Technologies Inc.

Akamai Technologies provides solutions for securing, delivering and optimizing content and business applications over the Internet. The company provides online solutions for the security, delivery and acceleration of websites and applications. The company's solutions include: cloud security solutions; enterprise security solutions; web and mobile performance solutions; media delivery solutions; carrier solutions; and services and support solutions, which provides an array of service and support offerings that are designed to assist its customers with integrating, configuring, optimizing and managing its main offerings.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Alex Zhao

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