Akamai forecasts fourth-quarter sales above estimates on AI-driven demand
Akamai Technologies forecasts fourth-quarter revenue above Wall Street estimates on Thursday, buoyed by strong demand for its content delivery network offerings and AI-cloud infrastructure services.
Shares of the company were up nearly 6% in extended trade.
Companies are investing heavily to secure applications and web infrastructure amid accelerating adoption of cloud technologies, benefiting Akamai’s security and compute units.
