The growth-driven Nasdaq Composite still hasn't put the 2022 bear market completely in the rearview mirror, which means bargains abound for opportunistic investors.
The growth-driven Nasdaq Composite still hasn't put the 2022 bear market completely in the rearview mirror, which means bargains abound for opportunistic investors.
China 53 mins ago
Cloudflare stock is up about 380% for the year, and Fastly shares are up 373%.
That doesn t mean the entire market for content distribution networks, or CDNs, is hopping. Industry leader Akamai, founded in 1998, has risen about 20% this year, compared with the S&P 500 s 13% gain over the same period.
Even if it s not skyrocketing like the newcomers, Akamai is having a relatively good year. In the second quarter Akamai s revenue increased 13% year over year, and in the third quarter it was up 12% a sharp contrast from the sub-10% growth it s experienced since 2015. That s elevated growth for the company, partly thanks to more internet traffic than usual, as people bought products online, streamed movies and downloaded video games from their homes to reduce spread of the coronavirus.