A cloud computing stock is soaring more than 25%. Here’s what’s driving the rally

Akamai reported first-quarter earnings and said its cloud infrastructure business grew 40% year-on-year, signaling strong momentum in a key growth segment. The update is modestly positive for the stock and reinforces the company’s positioning in cybersecurity and cloud services.

Analysis

Akamai reported first-quarter earnings and said its cloud infrastructure business grew 40% year-on-year, signaling strong momentum in a key growth segment. The update is modestly positive for the stock and reinforces the company’s positioning in cybersecurity and cloud services.