'Squawk Box' investor buys beaten-down tech stock

Akamai display
Source: Akamai

Paul Meeks, director of institutional investing at Saturna Capital, scooped up shares of a recently beaten-down technology name.

The notable investor bought shares of Akamai Technologies for his "Squawk Box" Platinum Portfolio, seeing the drop in the stock as a buying opportunity.

Here's why he believes the name could rebound...