BUZZ-Akamai Technologies tumbles after weak 2025 revenue forecast

Akamai Technologies' AKAM.O stock slumps ~17% after co forecast 2025 rev below estimates, hit by sluggish demand for its cloud and content delivery services

Co late on Thursday said it expects 2025 rev between $4.00 bln and $4.20 bln, below analysts' avg estimate of $4.26 bln, according to data compiled by LSEG

Businesses have kept a tight leash on spending amid rising macroeconomic uncertainty and inflation, hitting demand for AKAM and other cos

AKAM faces competition from larger rivals like Palo Alto Networks PANW.O and CrowdStrike CRWD.O, which are investing in AI for comprehensive cyber platforms

With Friday's loss, AKAM's stock down about 15% YTD, compared with a 3% rise in Nasdaq .IXIC

Stock recently at 15x expected earnings, below its 5-year avg forward PE of 17, per LSEG data