Akamai Technologies, Inc.

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SKU: AKAM Category:

Description

This is our first report on Akamai Technologies, a renowned content delivery network and cloud service provider. The company had a weak start to 2022 with a mere 7% top-line growth failing to meet Wall Street expectations in terms of both, revenues as well as earnings. the growth in security and computing has been the main driver of revenues for Akamai in the past years but it has been adversely impacted by the U.S. dollar’s sharp increase in value and the slowing of traffic growth in the company’s delivery business. The consistent double-digit growth in security revenue has been driven by Guardicore’s continued outstanding performance and rapid growth in their application security business. With pandemic-related restrictions being lifted globally and the related tailwinds receding, the company has seen a slower growth rate of traffic on its network, particularly in the gaming and OTT verticals. Despite the macroeconomic environment becoming more difficult and the U.S. dollar continuing to be a significant barrier, Akamai does hold promise for investors, particularly in security and computing. We initiate coverage on the stock with a ‘Hold’ rating.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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