Akamai Technologies Is Getting Too Cheap To Ignore

Akamai Technologies (AKAM) is taking another leg lower today, 7/26, after the company's Q2 results and Q3 guide disappointed investors. The stock is now down 31% YTD. Although the company's operating results are deteriorating (margin compression is causing earnings to fall), the stock is now getting too cheap to ignore. We believe the company will revamp its revenue growth story as OTT offerings become more robust. This revamped revenue growth will push margins higher, and earnings growth will resume a normal upwards trajectory from this year's depressed base. Consequently, we think the stock can head materially higher from these levels.

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