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Akamai Technologies Inc. Stock Slides 5.6%, Underperforms Peers

Akamai Technologies Inc. Stock Slides 5.6%, Underperforms Peers

Dow JonesDow Jones2026/07/23 20:35
By:Dow Jones

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Akamai Technologies Inc. slid 5.6% to $117.37 on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.2% to 7,408.30 and Dow Jones Industrial Average falling 1.0% to 51,711.65.

This was the stock's second consecutive day of losses.

Akamai Technologies Inc. closed 29.1% below its 52-week high of $165.45, which the company reached on May 13th.

The stock underperformed when compared to some of its peers, as Synopsys Inc. fell 1.1% to $373.52, Cognizant Technology Solutions Corp. fell 0.4% to $43.01, and Arista Networks Inc. rose 1.00% to $176.61.

Trading volume totaled 3.3 million, compared to the 50-day average of 4.8 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

July 23, 2026 16:35 ET (20:35 GMT)

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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