Market Overview

Recap: Akamai Technologies Q3 Earnings

Share:

Shares of Akamai Technologies (NASDAQ:AKAM) fell 1.6% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 19.09% year over year to $1.31, which beat the estimate of $1.23.

Revenue of $792,845,000 rose by 11.68% year over year, which beat the estimate of $775,180,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Akamai Technologies hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 27, 2020

Time: 04:30 PM

ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=3092A78C-282E-4305-BFCC-CB8DEE5942C1&Referrer=https%3A%2F%2Fwww.ir.akamai.com%2Fevents-and-presentations

Recent Stock Performance

Company's 52-week high was at $120.00

52-week low: $75.18

Price action over last quarter: down 0.60%

Company Overview

Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 200,000 servers distributed over thousands of points of presence within over 1,700 networks across 130 countries. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core web and media businesses to protect its customers from cyber threats.

 

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Posted-In: Earnings