Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

Akamai Posts Another Terrific Quarter, but We Still Don't See a Sustainable Competitive Edge

There's no denying that Akamai's business is thriving after the firm followed up recent explosive growth with a quarter that exceeded consensus revenue and profit estimates and led to increased full-year guidance. While we find no faults in the unequivocally good quarter, the underlying data points don't change our belief that Akamai doesn't benefit from a moat, and we are not altering our long-term forecast, which calls for 6% average annual organic revenue growth and 400-500 basis points of op...
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
Matthew Dolgin

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