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The filed complaint alleges that Akamai Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that: Akamai issued a press release on February 20, 2025, 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. Following this news, Akamai's stock price fell over 21% on February 21, 2025.
In order to be eligible to join the AKAM class action lawsuit, you must have incurred a loss on shares of Akamai Technologies, Inc. purchased during the class period listed above.
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