Akamai: An Undervalued Cybersecurity Company

hapabapa Introduction There aren't many companies that can accelerate their revenue in such a challenging macro environment. Akamai (NASDAQ:AKAM), is one of them. The company delivered great results in the 3rd quarter of 2023, beating analysts' expectations on both the top and bottom lines. Revenue grew 9% year-over-year to $965 million, driven by strong performance in security and compute solutions, which represented 61% of total revenue and grew 20% year-over-year. EPS increased 29% year-over-year to $1.6 ...