Is Akamai Technologies Stock Underperforming the Nasdaq?

Core Insights - Akamai Technologies, Inc. (AKAM) is valued at a market cap of $12.4 billion and is a leading provider of cloud computing, cybersecurity, and content delivery network services [1] - The company is classified as a large-cap stock, highlighting its significant size and influence in the software infrastructure industry [2] Financial Performance - AKAM shares have decreased by 17.2% from their 52-week high of $103.75, but have increased by 11.8% over the past three months, outperforming the Nasdaq Composite's 4.8% rise [3] - Over the past 52 weeks, AKAM has declined by 14.1%, underperforming the Nasdaq Composite's 16.5% return, and is down 10.2% year-to-date compared to the Nasdaq's 20.1% increase [4] Strategic Developments - On December 1, Akamai announced its acquisition of Fermyon, enhancing its edge computing strategy by integrating Fermyon's WebAssembly capabilities with Akamai's global platform [5] - Despite the strategic acquisition, AKAM shares fell by 2% following the announcement [5] Competitive Landscape - Akamai has significantly underperformed its competitor, Cloudflare, Inc. (NET), which has seen a 76.2% increase over the past 52 weeks and an 88% rise year-to-date [6]