Investment Thesis
Akamai operates a global content delivery, edge security, and compute network. Security, zero-trust access, and edge compute services offset commoditized CDN pricing and drive margin expansion.
- Security Growth: App & API protection, bot management, and zero trust exceed 40% of revenue.
- Edge Compute: Linode acquisition enables cloud-native applications at the edge.
- Scale & Reliability: Largest edge platform with 4k+ PoPs ensures performance.