11 Best Stocks to Buy in Falling Markets Now

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10. Akamai Technologies, Inc. (NASDAQ:AKAM)

Number of Hedge Fund Holders: 30 

Decline in Share Price Over Past 12 Months: 21.7%

Akamai Technologies, Inc. (NASDAQ:AKAM) is a company specializing in content delivery network (CDN), cybersecurity, DDoS mitigation, and cloud services. The following elements demonstrate why this company is an excellent investment choice. First of all, the report for the third quarter of 2024 indicates the constant financial growth of the company. For instance, revenue was $1.005 billion, a 4% increase over third quarter 2023 revenue of $965 million and a 4% increase when adjusted for foreign exchange. Moreover, the company plans to embed cloud computing capabilities into its massive edge network. Akamai’s Generalized Edge Compute (Gecko) advances Akamai’s strategy to be the cloud computing platform for companies that want to deliver better experiences by running workloads closer to users, devices, and sources of data.

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