Akamai

Akamai Technologies' shares fell 13% after projecting first-quarter earnings of $1.54-$1.59 per share and revenue of $1-$1.02 billion, missing analyst expectations.

Akamai Technologies revealed TikTok as its largest customer, contributing 6% to revenue. Concerns emerged as TikTok plans internal operations, potentially impacting Akamai's revenue growth.

Akamai Technologies plans to shift $50 million of its cloud business to partners, reducing revenue growth in that segment to 15%, down from 25% in 2024.