Akamai Technologies (NASDAQ:AKAM) is the world's largest content delivery network (CDN) provider for media and software delivery related solutions. Generally, the company engages in services to make the Internet fast, reliable and secure.
Shares of Akamai Technologies have trended lower after the company beat both its Q1'17 earnings and revenue estimates but offered disappointing Q2'17 guidance. This clearly disappointed investors as the stock has since lost over 20% of its value. However, the sharp selloff of AKAM shares may have created an opportunity for investors.
As Warren Buffett stated in his 2004 annual shareholder letter, "be fearful when others are greedy and greedy only when others are fearful."
