Akamai Technologies, Inc. is a major player in cloud computing and cybersecurity, with a market cap of $12.4 billion, offering secure digital experiences globally. Despite a recent dip from its 52-week high, AKAM shares have outperformed the Nasdaq Composite.

While AKAM has seen a decline over the past year, it has shown an uptrend since November, surpassing its moving averages. In a recent move to enhance its edge computing strategy, AKAM acquired Fermyon, a serverless WebAssembly company, aiming to boost edge-native applications for users.

Compared to its competitor Cloudflare, AKAM has underperformed, with NET surging 76.2% over the past year and 88% year-to-date.

Read more at Yahoo Finance: Is Akamai Technologies Stock Underperforming the Nasdaq?