If you need to create simple CRUD applications using a MVC framework, I could say CakePHP could achieve this. But with frameworks like Laravel on the market, I would have a hard time recommending CakePHP for anything.
Yii is very well suited if you love to program with Object Oriented PHP. This framework uses OOP very well and if you know this pattern you'll love it. The same applies for its MVC architecture and if you come from formal software development education. Also if you are in a bussiness enviroment and need a stable framework. This is the tool for you. It uses very formal scheme but I would like more open and hackable framework, and for this Yii2 is not a good option. Also, if you like to have bleeding edge technologies I don't recommend this framework.
The biggest issue inherit in CakePHP, and why we switched to Laravel, is the base configuration of the program. Most people aree that CakePHP uses old (outdated, even dangerous) PHP habits. There is some truth in this: Cake has not been as quick to adapt to the newer PHP versions as they should. I was always surprised that with new major releases, from 2.4 to 2.5 for example, that the minimum version of PHP will never increase. For example, CakePHP only requires version 5.2.8 of PHP, but it would not have been difficult to update the minimum version at least 5.3 when adapting a new version.
Speed - our company had many issues scaling CakePHP to a medium size application software, even with using REDIS/memcache we would still run into many issues with the built-in ORM.
I think is really easy to use, it's not perfect but many developers with great experience will know how to exploit this framework to create great apps!
It's has a really good support based on online documentation and official forums. But sometimes I wish there were a paid service where to report some urgent issues.