NEW YORK CITY, NY / ACCESS Newswire / March 12, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Akamai Technologies, Inc. ("Akamai" or "the Company") (NASDAQ:AKAM). Investors who purchased Akamai securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/AKAM.
Investigation Details
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.
What's Next?
If you are aware of any facts relating to this investigation or purchased Akamai securities, you can assist this investigation by visiting the firm's site: bgandg.com/AKAM. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
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