Akamai Technologies Stock Drops as Slowing Traffic Growth Weighs on Guidance

Key TakeawaysShares of Akamai Technologies fell sharply in premarket trading Friday morning after the software infrastructure company's current-quarter and full-year guidance came in below Street expectations.The company said its outlook reflects a stronger dollar, a large social media customer rationalizing costs, and slowing traffic growth across the industry.Monitor an area on the chart between $89 and $94, where the price may find buying interest in a zone of support from prior price action between Nove ...