July 27, 2011

Akamai (AKAM) reported Q2 EPS 35c  vs. consensus 36c.  Q2 revenue   for Akamai were $277M vs. consensus $277.98M. :

CEO of Akamai said,

‘œWe’ve seen our topline growth slow down, driven primarily by the pricing and traffic dynamics in our media and software delivery businesses. And we’ve encountered a general slowdown in a few of the more mature markets outside of the US where we operate, due primarily to the tougher macroeconomic headwinds in those markets”

We have long held a negative view of Akamai. Our predictions are coming true.   For our reader’s convenience, a post from 2008 is reproduced below:

SHORT AKAM  ( AKAMAI )

July 30, 2008

Competition has increased in AKAM’s niche and likely to continue to increase.