I have to admit to being surprised - haven't heard much from the sell-side on this. AKAM is spending about 1/4 of its cash (about $1.50 per share) to buy a cloud rival. They didn't release any financial details, and the deal won't close until Q2 most likely. The rally is due probably to the removal of a competitive threat, but I have to scratch my head at the cost (since they didn't tell us about the financial benefits).
So, AKAM has moved to a new high for the month and breaks the trend of "lower highs". Not sure I would chase this one, but glad to see it in the Top 20...
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