Akamai shares are trading lower after the company issued weak guidance.
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies, Inc. shares are trading lower following the company's announcement of weak guidance for future financial performance.
May 10, 2024 | 10:44 am
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Akamai Technologies, Inc. shares are expected to face downward pressure in the short term due to the announcement of weak guidance, indicating potential challenges ahead.
Weak guidance typically signals to investors that a company may not meet revenue or earnings expectations in the near future, which can lead to a decrease in stock price as market participants adjust their expectations downward.
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IMPORTANCE 90
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