However, the business-to-business package deliverysegment will likely continue to remain suppressed due to low economic growth in several parts of the world.
After a disappointing set of Q3 results from FedEx last week driven by overcapacity in the international freight industry and an unfavorable volume-mix in the express package deliverysegment, we have adjusted our price estimate for the company.
Media content delivery (including value-added services) is the most important business segment for Akamai and it is understandable that the company would look to prevent its competitors from catching up.