On August 7, Akamai fell 5.07% in regular trading, trading at $111.87/share, with turnover of $314 million. The decline came as investors shifted focus to the company's year-over-year earnings deterioration and an investment bank's target price reduction, reversing earlier after-hours gains driven by strong cloud infrastructure results.

Akamai reported Q2 adjusted EPS of $1.59, slightly beating the consensus estimate of $1.57, but marking an 8.09% decline from $1.73 in the year-ago period, extending its earnings erosion trend. Revenue of $1.099 billion edged past the $1.092 billion estimate but showed limited year-over-year growth. RBC Capital cut its price target on Akamai from $150 to $135 while maintaining a Sector Perform rating, further dampening intraday sentiment. Despite cloud infrastructure services revenue reaching $99 million with 39% year-over-year growth, overall profitability concerns and the target price reduction weighed on the stock during the regular session. The company guided Q3 revenue of $1.11-$1.13 billion and adjusted EPS of $1.60-$1.80, largely in line with expectations.

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