Amazon’s spending binge and weaker margins on its AWS cloud computing business are making its stock undesirable analyst James Cakmak told CNBC on Friday.
“I don’t think this is the time right now to get in because I still think that the expectations have not fully calibrated with the reality of the situation,” the Monness, Crespi, Hardt & Co. equity analyst told ” Squawk Box. ”
Though AWS has been touted as a profitable part of the business, its incremental margins were slashed in half year over year, Cakmak said.
