Why Akamai Stock Tanked Today

Why Akamai Stock Tanked Today

Shares of Akamai Technology (NASDAQ: AKAM) have tanked today, down by 9% as of 2:50 p.m. EDT, after the company reported third-quarter earnings. The content delivery network (CDN) technology specialist said cloud security revenue jumped 23%. "Our excellent third quarter results were driven by the continued strong performance of our security products and sustained high traffic levels on the Akamai Edge platform," CEO Dr. Tom Leighton said in a statement.