Akamai Technologies, Inc. offers solutions for optimizing and securing content and business applications in the cloud.

We believe that an EV/EBITDA ratio of 16x-17x is fair. MSFT trades at 17x and does not report much larger EBITDA margin than Akamai.

With an asset/liability ratio of 2.74x and marketable securities and cash worth $1.329 billion, the balance sheet is quite strong.

The company appears to be offering better CDN services than competitors but does not seem to be controlling a significant market share.

We believe that the activist could help the company a lot. Elliot thinks that the company could undertake different strategic opportunities to enhance shareholder value.

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