NEW YORK (TheStreet) -- Shares of Akamai Technologies (AKAM) - Get Report  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 short of estimates of 66 cents per share. The company generated $572 million in revenue, up 6% year-over-year, but Wall Street was looking for the company to report $590.37 million in revenue for the quarter.

Following the report, analysts at Pacific Crest lowered their rating on the company to "sector weight" from "overweight" in an analyst note this morning.

The firm said revenue from customers like Apple (AAPL) and Facebook (FB) is on the decline while competition is growing.

"The company outlined six of its major customers that are using, or will use, do it yourself (DIY) content-delivering strategies," Pacific Crest added. These customers include Apple, Facebook, Microsoft (MSFT), Netflix (NFLX), (AMZN) and Google (GOOGL).

The firm warned that these companies may use fewer of Akamai's services in the future.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rated this stock as a "buy" with a ratings score of B.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, good cash flow from operations and expanding profit margins. TheStreet Ratings feels its strengths outweigh the fact that the company has had sub par growth in net income.

You can view the full analysis from the report here: AKAM

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