10 Stocks Record Biggest Double-Digit Drop on Friday

3. Akamai Technologies Inc. (NASDAQ:AKAM)

Akamai fell for a second day on Friday, losing 21.73 percent to finish at $76.73 each as investor sentiment was weighed down by the drop in the company’s net income last year.

In a statement, AKAM said net income dropped by 13 percent in the fourth quarter of the year to $139 million from $161 million year-on-year, while net profit for the full year declined by 7.8 percent to $504.9 million from $547.6 million.

Revenues for the quarter period, however, inched up by 2.4 percent, while revenues for the full year grew 4.7 percent to $3.99 billion from $3.8 billion.

Additionally, traders focused on the company’s 2025 revenue outlook which came up short of analysts’ expectations.

For the first quarter, AKAM expects revenues to settle between $1 billion to $1.02 billion, while revenues were pegged between $4 billion to $4.2 billion for the full year 2025.