Akamai Plunging In After Hours, Down 11% (AKAM)

Shares of Akamai Technologies, Inc. AKAM are plunging in after-hours trading, down more than 11% despite beating earnings estimates. Akamai, a leading company in content delivery, reported fourth quarter earnings of 40 cents per share on revenues of $284.7 million. Wall Street had expected earnings of 38 cents per share on revenues of $283.08 million.