May 9 (Reuters) - Akamai Technologies ( AKAM ) forecast

second-quarter revenue and profit below Wall Street estimates on

Thursday, anticipating weak demand for its content delivery

services amid concerns of slowing traffic growth.

Shares of the Cambridge, Massachusetts-based company, which

also provides cloud computing and security solutions, fell about

9% in aftermarket trading.

Businesses have kept a tight leash on their budgets in the

wake of high borrowing costs and sticky inflation, hitting

demand for companies such as Akamai ( AKAM ).

Akamai's ( AKAM ) customers include the U.S. Defense and Labor

departments as well as firms like Adobe, eBay ( EBAY )

and Electronic Arts ( EA ).

The company earlier this week agreed to buy application

programming interface security company Noname Security for about

$450 million.

The company expects second-quarter revenue in the range of

$967 million and $986 million, compared with analysts' average

estimate of $1 billion, according to LSEG data.

It forecast quarterly adjusted earnings per share between

$1.51 and $1.56, compared with estimates of $1.63 per share.

Akamai ( AKAM ) reported revenue of $987 million in the first quarter

ended March 31, falling short of analysts' average estimate of

$989.3 million.