🔴 Akamai Technologies is trading 6.2% down today on profitability pressure from costly AI infrastructure transition

Akamai Technologies is trading 6.2% down now at $111.25 as investors focus on profitability pressure following the August 6 earnings report.

• Second-quarter revenue reached $1.10 billion; non-GAAP EPS fell 8% year over year to $1.59 despite narrowly beating estimates.
• Management’s full-year adjusted EPS outlook is $6.40-$7.05, while mostly in-line guidance appears insufficient to offset concerns about the costly AI infrastructure transition.