Thanks
FTG comments have been posted; AKAM fell sharply last week but there was no specific news released. There has been a lot of insider selling and this has concerned investors. In the last quarter EPS of $1.84 beat estimates of $1.76; revenue of $1.09B beat estimates of $1.08B. Akamai posted solid 4Q results but issued conservative guidance, reflecting a shift to faster-growing security and compute as legacy sales slow. Cloud Infrastructure Services (CIS) remains a key driver, growing 44% in constant currency (CC) in 4Q, up from 39% in 3Q. A $200 million CIS order in 4Q underscores the unit's potential. Security sales rose 11% on strength in API protection and segmentation, up a combined 34% in CC. Content Delivery remains a drag amid persistent price pressure, with constant-currency sales down 3%, suggesting it will remain an overhang in 2026 as the unit declines by mid-single digits. Capital intensity is seen at 23-26% in 2026 vs. 19% in 2025, reflecting a $250 million build-out in AI Inference Cloud capacity and about $200 million from higher server and memory prices.