Akamai Technologies: Q2 Earnings Insights

Shares of Akamai Technologies AKAM moved lower in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share rose 2.90% year over year to $1.42, which beat the estimate of $1.38.

Revenue of $852,824,000 rose by 7.31% year over year, which beat the estimate of $845,360,000.

Outlook

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

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

How To Listen To The Conference Call

Date: Aug 03, 2021

Time: 04:30 PM

ET Webcast URL: https://www.ir.akamai.com/events/event-details/q2-2021-akamai-technologies-inc-earnings-conference-call

Recent Stock Performance

52-week high: $124.91

52-week low: $92.64

Price action over last quarter: Up 10.42%

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 325,000 servers distributed over 4,000 points of presence in more than 1,000 cities worldwide. 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.