Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Akamai Technologies, Inc. delivered a mixed but forward-looking first quarter of 2026, reflecting progress in its strategic shift toward cloud infrastructure services (CIS) with a particular focus on AI-driven workloads, alongside continued strength in its security portfolio and ongoing challenges in its traditional delivery business.</li><li>Total revenue for Q1 reached $1.074 billion, representing a 6% year-over-year increase as reported, driven primarily by a 40% increase in CIS revenue to $95 million and an 11% growth in security revenues to $590 million.</li><li>These gains were partially offset by a 7% decline in delivery and other cloud applications revenue, a trend attributed to the lingering impact of the Edgio transaction completed in 2025.</li></ul>

Akamai Technologies, Inc. delivered a mixed but forward-looking first quarter of 2026, reflecting progress in its strategic shift toward cloud infrastructure services (CIS) with a particular focus on AI-driven workloads, alongside continued strength in its security portfolio and ongoing challenges in its traditional delivery business.Total revenue for Q1 reached $1.074 billion, representing a 6% year-over-year increase as reported, driven primarily by a 40% increase in CIS revenue to $95 million and an 11% growth in security revenues to $590 million.These gains were partially offset by a 7% decline in delivery and other cloud applications revenue, a trend attributed to the lingering impact of the Edgio transaction completed in 2025.

Akamai Goes All-In On AI Cloud — Can CIS Offset Delivery Weakness?