GO
Loading...

Akamai Heads List of Fastest Growing Tech Companies

Business 2.0 magazine came out with its annual list of 100 fastest growing technology companies, and No. 1 is Akamai Technologies Inc., which allows consumers faster access to the internet.

Mark Kelleher, a tech analyst at Canaccord Adams, said he would hold off on buying Akamai right now, despite its recent success of 40% gain in revenue over the past 12 months.

"The stock has kind of taken a pause right now," Kelleher said on "Squawk on the Street." "The stock is poised to form a base here; probably needs to grow a little bit more into the evaluation before it can move forward."

A rising stock that Kelleher likes is Internap Network Services , a service provider that provides similar services to Akamai Tech.

"I think the stock can work. I think they are in kind of an undiscovered position where Akamai was maybe nine months ago," he said.

Symbol
Price
 
Change
%Change
AKAM
---
INAP
---

Featured

Contact

  • Showtimes

    United States
    Monday - Friday 9a ET
    Europe
    Monday - Friday 15:00 CET
    Asia
    Monday - Friday 21:00 SIN/HK
    Australia
    Monday - Friday 23:00 SYD
    New Zealand
    Tuesday - Saturday 01:00 NZ
  • Carl Quintanilla is an Emmy-winning reporter and co-anchor of CNBC's "Squawk on the Street," broadcast live from the NYSE.

  • Simon Hobbs co-anchors the 10 a.m. hour of CNBC's "Squawk on the Street" live from the New York Stock Exchange.

  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

  • “Squawk on the Street” Co-Anchor

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.