Akamai Technologies shares soar to new 52-week high
Updated
Updated · MarketWatch · May 7
Akamai Technologies shares soar to new 52-week high
22 articles · Updated · MarketWatch · May 7
The stock jumped 26.58% to $147.71 on Friday, with trading volume reaching 21.0 million shares, far above its 50-day average of 4.9 million.
Akamai beat peers including Synopsys, Cognizant and Arista Networks during a broader market rise, and topped its previous 52-week high of $122.24 set on 6 May.
The rally followed Akamai's disclosure of a seven-year, $1.8 billion cloud infrastructure deal with an AI lab, which offset attention on a year-on-year decline in first-quarter profit.
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