peterquinnvet
2 years ago
Akamai Technologies Inc. stock (NASDAQ: AKAM) is up more than 10% in the past month (21 trading days), outperforming the S&P 500 which was up almost 6% over this period. If you look at the change over the last five and ten days, too, the stock has risen 3.2% and 9% respectively, outperforming the broader markets on both occasions. Akamai’s most recent FY ’21 earnings saw revenue rise to $3.46 billion, up from $3.2 billion in FY ’20. Further, a slower rise in operating expenses meant that operating profit widened from $659 million to $783 million over this period. Despite a rise in net interest expense and a higher effective tax rate, net income rose from $557 million to $652 million over this period, with EPS rising from $3.43 to $4.01.
https://www.forbes.com/sites/greatspeculations/2022/03/31/up-more-than-10-in-a-month-akamai-stock-looks-unlikely-to-continue-its-rally/?sh=34af9531437b
TFMG
5 years ago
Great upsie potential, breaking out.
Strong hints of a great earnings report for AKAM , in the sweet spot of many sectors, growth has and will continue to be amazing. The stock is currently breaking out prior to earnings and with customers such as Microsoft , a bright future is ahead.
Company Description
Akamai Technologies , Inc. engages in the provision of cloud services for delivering, optimizing and securing content and business applications over the Internet. Its products offers web and mobile performance solutions, cloud security solutions, enterprise solutions, network operator solutions, media delivery solutions and services and support solutions. It also engages in content delivery network, or CDN, services to make the Internet fast, reliable and secure.
https://investorshub.advfn.com/uimage/uploads/2019/4/30/zjccoakam-4-30-19.gif
eastunder
11 years ago
Akamai Shares Plunge After Revenue, Forecast Miss Estimates
By Sarah Frier - Feb 6, 2013 10:01 PM MT.
http://www.bloomberg.com/news/2013-02-06/akamai-tumbles-after-fourth-quarter-sales-miss-analyst-estimates.html?cmpid=yhoo
Akamai Technologies Inc., a company that helps customers speed the delivery of online content, tumbled as much as 17 percent in late trading after its quarterly revenue and forecast missed estimates.
Fourth-quarter sales climbed 17 percent to $378 million, the Cambridge, Massachusetts-based company said yesterday in a statement. That trailed the $381.4 million predicted by analysts on average, according to data compiled by Bloomberg. For the first quarter, the company forecast revenue of $352 million to $362 million, short of the $369.8 million estimate.
The results showed signs of softening demand for Akamai’s services, which help customers such as news sites and Web retailers speed up their online offerings, said Chad Bartley, an analyst at Portland, Oregon-based Pacific Crest Securities.
“Revenue was definitely lighter than expectations,” he said. “Growth decelerated quite a bit in the fourth quarter.”
Akamai shares fell as low as $34.60 in extended trading after the earnings report. The stock, up 1.6 percent this year, had closed at $41.58 yesterday in New York.
The results marked the first quarterly earnings report for Tom Leighton, a company co-founder who took the chief executive officer job on Jan. 1. He was named to the post in December after an eight-month search.
Even with the sales shortfall, earnings topped analysts’ projections last quarter. It posted an adjusted profit of 54 cents a share, compared with an average estimate of 50 cents.
eastunder
11 years ago
Akamai to Hold Fourth Quarter and Full-year 2012 Investor Conference Call on Wednesday, February 6th at 4:30 PM ET
CAMBRIDGE, Mass., Jan. 8, 2013 /PRNewswire/ -- Akamai Technologies, Inc. (AKAM), the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere, announced today that the company will hold a conference call for investors on Wednesday, February 6, 2013 at 4:30 p.m. ET. The call will include the company's fourth quarter 2012 and year-end financial results, and may include forward-looking financial guidance from management. The call will also be broadcast live viathe Internet at www.akamai.com.
eastunder
11 years ago
Akamai and AT&T Forge Global Strategic Alliance to Provide Content Delivery Network Solutions
Deal includes expansion of AT&T's suite of CDN services, network infrastructure agreement
CAMBRIDGE, Mass. and DALLAS, Dec. 6, 2012 /PRNewswire/ -- Akamai Technologies, Inc. (AKAM) and AT&T* today announced a strategic alliance to deliver a global suite of content delivery network (CDN) solutions to companies.
AT&T is combining Akamai's industry leading content delivery platform with its world-renowned IP network to deliver to companies an exclusive suite of global CDN and telecom solutions that will be jointly marketed, managed and supported by the two companies. The companies will initially focus their efforts in North America, with plans to expand globally within 12 months.
The alliance with Akamai represents the latest milestone in AT&T's strategy to deliver innovative solutions needed by companies that have seen explosive growth in the use of video and other content, both within their operations and by the end users they serve. Driven by explosive growth in digital media, organizations are designing high-performing networking solutions that produce quality, on-demand results. CDN solutions from AT&T and Akamai will help enterprises simplify content distribution management and drive higher-performing end user experiences for consumers accessing content on the Internet.
Under the terms of the agreement, Akamai will deploy CDN servers at the edge of AT&T's IP network and in AT&T facilities throughout the United States. With the deployment of Akamai's CDN infrastructure within AT&T's network infrastructure, end customers are expected to benefit from more efficient content routing and better delivery of digital content, video and Web applications, resulting in a better end-user experience. AT&T will transfer its existing CDN operations, customers and service to the Akamai platform in 2013.
The companies have also agreed to dedicate shared resources including technical support, customer care, marketing and professional services support.
"The alliance with Akamai positions us perfectly to deliver premier content delivery solutions to our business customers," said Andy Geisse, Chief Executive Officer, AT&T Business Solutions. "By embedding Akamai's technology within AT&T's IP network, our customers now have access to a suite of solutions that more than meet their need for content delivery and support. In an environment where companies and consumers alike are accessing video content and other applications online and from a multitude of devices, I can't think of a better way to address the explosive growth in content that is sweeping across industries like media and retail."
"Aligning Akamai's services with the global reach, scale and product depth of AT&T creates a powerful relationship aimed at helping enterprises optimize their online businesses," said Paul Sagan, President and Chief Executive Officer of Akamai. "Together with AT&T, we share a common goal of developing solutions to maximize the Web and mobile end user experience, while driving down network-related costs and improving network efficiencies. We believe there will be tremendous value to customers in deploying within AT&T's robust IP network, and in jointly going to market with leading content delivery and cloud infrastructure offerings."
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc
eastunder
11 years ago
Akamai to Acquire Verivue
CAMBRIDGE, Mass. and WESTFORD, Mass., Nov. 13, 2012 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM) and Verivue announced today that the two companies have signed a definitive agreement for Akamai to acquire Verivue in a cash transaction. The acquisition is expected to complement Akamai's Aura Network Solutions and accelerate Akamai's time to market in providing a comprehensive, licensed content delivery network (CDN) solution for network operators.
According to market research firm IDC, network operators worldwide are looking at ways to leverage on-net CDNs to improve the performance of their own digital cable and IPTV premium services and extend their managed multiscreen offerings. Operators can position their on-net CDNs and other network resources as optimized on-ramps that content publishers, OTT content aggregators, application developers, and set-top box vendors can use to reach a critical mass of potential viewers and provide a better end-to-end experience for their end users.1
"Verivue has done an impressive job of building a licensed content delivery infrastructure and getting it deployed with several important operators," said Mick Scully, Vice President and General Manager of Akamai's Carrier Products Division. "We believe that Verivue's technology will complement our roadmap for creating a comprehensive Operator CDN solution. Akamai has relationships with hundreds of network operators, and we offer them instant federation with our global Intelligent Platform. We believe joining forces with Verivue will allow us to help operators maximize content revenues and network efficiencies as the flood of media and video traffic increases."
"Together with Akamai, we believe we will be able to offer the industry's most powerful, extensible and fully integrated Operator CDN platform," said James Dolce, CEO of Verivue. "This is an exciting step for our two companies. Operators are looking for services to drive revenue, such as advanced cloud capabilities or by providing licensed content to users on a variety of IP-connected devices. By combining our teams, we believe we can help meet this immediate market opportunity."
Founded in 2006, Verivue has approximately 60 employees. The closing of the transaction, which is subject to customary closing conditions, is expected to occur by the end of 2012.
About Verivue
Headquartered in Westford, MA, Verivue, Inc. develops and markets high-performance IP platforms that enable network operators to distribute, deliver and control enormous amounts of IP-based media traffic across a growing and diverse number of end devices. The Company offers solutions for service providers to accelerate content delivery for managed and unmanaged service provider networks. Additional information about Verivue products and services can be found at www.verivue.com.
About Akamai
Akamai® is the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere. At the core of the Company's solutions is the Akamai Intelligent Platform™ providing extensive reach, coupled with unmatched reliability, security, visibility and expertise. Akamai removes the complexities of connecting the increasingly mobile world, supporting 24/7 consumer demand, and enabling enterprises to securely leverage the cloud. To learn more about how Akamai is accelerating the pace of innovation in a hyperconnected world, please visit www.akamai.com or blogs.akamai.com, and follow @Akamai on Twitter.
eastunder
11 years ago
Akamai Reports Third Quarter 2012 Financial Results
Wednesday, October 24, 2012 16:01ET
CAMBRIDGE, Mass., Oct. 24, 2012 /PRNewswire/ --
-- Third quarter revenue of $345 million, up 23 percent year over year
-- GAAP net income of $48 million, up 14 percent year over year; or $0.27
per diluted share, up 17 percent year over year
-- Normalized net income* of $79 million, up 24 percent year over year; or
$0.43 per diluted share, up 26 percent year over year
Akamai Technologies, Inc. (NASDAQ: AKAM), the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere, today reported financial results for the third quarter ended September 30, 2012. Revenue for the third quarter of 2012 was $345 million, a 23 percent increase over third quarter 2011 revenue of $282 million, and a 4 percent increase over second quarter 2012 revenue of $331 million.
Net income in accordance with United States Generally Accepted Accounting Principles, or GAAP, for the third quarter of 2012 was $48 million, or $0.27 per diluted share, a 14 percent increase from third quarter 2011 GAAP net income of $42 million, or $0.23 per diluted share, and a 9 percent increase from second quarter 2012 GAAP net income of $44 million, or $0.24 per diluted share.
The Company generated normalized net income* of $79 million, or $0.43 per diluted share, in the third quarter of 2012, a 24 percent increase over third quarter 2011 normalized net income of $63 million, or $0.34 per diluted share, and a 1 percent increase from the prior quarter normalized net income of $78 million, or $0.43 per diluted share. (*See Use of Non-GAAP Financial Measures below for definitions.)
"Akamai experienced its fourth consecutive quarter of accelerating revenue growth and delivered higher margins," said Paul Sagan, President and CEO of Akamai. "We continued to capitalize on our investments in cloud computing, web security, mobile services, and online video by expanding our product portfolio, while effectively managing the cost and efficiency of our network. These efforts paid off in both the Company's top and bottom line performance."
Adjusted EBITDA* for the third quarter of 2012 was $157 million, up 28 percent from $122 million in the third quarter of 2011, and up 9 percent from $143 million in the prior quarter. Adjusted EBITDA margin* for the third quarter was 45 percent, up two points from the prior quarter and from the same period last year. (*See Use of Non-GAAP Financial Measures below for definitions.)
Cash from operations was $141 million in the third quarter of 2012, or 41 percent of revenue. At the end of the third quarter of 2012, the Company had over $1 billion in cash, cash equivalents and marketable securities.
Sales through resellers and sales outside the United States accounted for 22 percent and 29 percent, respectively, of revenue for the third quarter of 2012.
Share Repurchase Program
During the third quarter of 2012, under a share repurchase program that was approved by the Board of Directors in May 2012, the Company repurchased approximately 1 million shares of its common stock for $37 million, at an average price of $31.53 per share. During the three quarters ended September 30, 2012, the Company repurchased approximately 4 million shares of its common stock for $112 million, at an average price of $31.31 per share. The Company has $68 million remaining on its current authorization, which runs through April 30, 2013.
The Company had approximately 177 million shares of common stock outstanding as of September 30, 2012.
Continued at: http://www.knobias.com/story.htm?eid=3.1.d7b3759a259ee378650394b3fc56f793465b0098915bb07d78a1cb7be60212aa
eastunder
12 years ago
AKAM 3Q earnings 10-24-12 AMC
Akamai to Hold Third Quarter 2012 Investor Conference Call on Wednesday, October 24th at 4:30 PM ET
Wednesday, September 26, 2012 06:30ET
CAMBRIDGE, Mass., Sept. 26, 2012 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the leading cloud platform for helping enterprises provide secure, high-performing user experiences on any device, anywhere, announced today that the company will hold a conference call for investors on Wednesday, October 24, 2012 at 4:30 p.m. ET. The call will include the company's third quarter 2012 financial results, and may include forward-looking financial guidance from management. The call will also be broadcast live via the Internet at www.akamai.com.
The live dial-in information for the conference call is:
U.S. only: (800) 706-7745
International: (617) 614-3472
Passcode: 82472044
In addition, a replay of the call will be available for one week following the conference by calling 1-888-286-8010 (or 1-617-801-6888 for international calls) and using passcode No. 96448745. The archived webcast of this event may be accessed through the Akamai Website.
About Akamai
eastunder
12 years ago
Akamai-Limelight War Reignites
By Zacks Equity Research | Zacks – Wed, Sep 5, 2012 9:44 AM
http://finance.yahoo.com/news/akamai-limelight-war-reignites-134431037.html
According to an order from the U.S. Court of Appeals for the Federal Circuit, Akamai Technologies Inc.’s (AKAM) patent litigation case against Limelight Networks Inc. (LLNW) related to content delivery is to be reconsidered, reported Bloomberg.
Akamai had accused Limelight of having infringed on a certain content delivery patent way back in 2008. The Jury ruled in favor of Akamai and awarded it $45 million. However, the ruling was overturned by a District Court next year saying that Limelight did not completely infringe on Akamai’s patents.
However, with the revival of this case, Akamai would now have another chance to protect its patents related to content delivery against its competitors.
Akamai is a leading provider of content delivery network services, accounting for approximately 30.0% of all Internet traffic through its web content delivery and acceleration platform. Akamai recently acquired Cotendo to strengthen its presence in the content delivery market. Cotendo specializes in software and services that improve the delivery of content across the Web and on mobile-device networks.
We believe that any positive result in the case could give Akamai a competitive edge over its other competitors like Level 3 Communications Inc. (LVLT), AT&T Inc. (T) and Verizon Communications Inc. (VZ) over the long term.
Although Akamai has a strong presence in the content delivery market, intense competition has forced it to lower the price of its content delivery network services, particularly the digital media services, which will hurt its margins. Moreover, increasing total bandwidth costs remain a headwind for Akamai.
However, we believe that strong demand for cloud infrastructure solutions, security and mobile products, online video along with aggressive share repurchase and strategic partnerships are positives for the stock over the long term. Thus, we maintain our Neutral recommendation on a long-term basis (6-12 months). Currently, Akamai has a Zacks #3 Rank, which implies a Hold rating on a short-term basis.
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