Akamai falls after Q4 revenue forecast falls short of estimates
** Cloud and cybersecurity firm Akamai Technologies' AKAM.O shares fall 6.6% to $97.51 in extended trading
** Company forecast fourth-quarter revenue below estimates, expecting a pullback in spending on its cloud and content delivery services
** AKAM expects Q4 revenue to be between $995 million and $1.02 billion vs estimate of $1.03 billion, according to data compiled by LSEG
** Company expects Q4 adjusted net income per share between $1.49 and $1.56 vs estimates of $1.62 per share
** AKAM Q3 revenue rose 4% to $1.01 billion vs estimates of $999 million.
** Sixteen of 25 brokerages rate the stock "buy" or higher, 7 "hold" and 1 "sell" or lower; their median PT is $117.48
** AKAM down ~11.8% YTD
Reporting by Arsheeya Bajwa in Bengaluru
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