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Akamai Technologies (AKAM) Stock Down on Q2 Earnings, Pac Crest Cuts to ‘Hold’

NEW YORK (TheStreet) -- Shares of Akamai Technologies (AKAM) are falling 16.37% to $48.58 this morning on heavy trading volume after the company reported 2016 second quarter revenue that disappointed analysts.

Almost 4.4 million shares of the Cambridge, MA-based content delivery network company's stock have traded so far today, soaring over the average of 1.7 million per day.

After the closing bell yesterday, Akamai reported adjusted earnings per diluted share of 64 cents, falling...