Akamai Shares Plunge After Revenue, Forecast Miss Estimates
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Akamai Technologies Inc., a company that helps customers speed the delivery of online content, tumbled the most in a year and a half after its quarterly revenue and forecast missed estimates.
Akamai shares fell 15 percent to $35.26 at the close in New York, the biggest decline since July 2011. The stock has slipped 14 percent this year.