INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Akamai Technologies, Inc. - AKAM

NEW YORK, March 3, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Akamai Technologies, Inc ("Akamai" or the "Company") (NASDAQ: AKAM). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.

The investigation concerns whether Akamai and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On February 20, 2025, Akamai issued a press release reporting its financial results for the fourth quarter and full year 2024. Although Akamai reported better-than-expected revenue and earnings per share ("EPS"), the Company also provided revenue and EPS guidance for the current quarter and full year that fell short of consensus estimates. Following Akamai's disappointing guidance, analysts variously expressed concerns about the Company's future and downgraded its stock. 

On this news, Akamai's stock price fell $21.30 per share, or 21.73%, to close at $76.73 per share on February 21, 2025.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising. Prior results do not guarantee similar outcomes.

CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980

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SOURCE Pomerantz LLP