Internet video traffic is growing faster than prices for Akamai’s CDN services are falling, providing upside despite growing competition and questions over its Apple (AAPL) contract. Boosted by holiday e-commerce traffic, Akamai Technologies (AKAM) late Tuesday reported Q4 earnings and revenue that topped consensus estimates. Akamai was up 2.5% in early trading in the stock market today, near 64. Akamai stock touched a more than 14-year high of
Boosted by holiday e-commerce traffic, Akamai Technologies late Tuesday reported Q4 earnings and revenue that topped consensus estimates, but its Q1 sales outlook, which included currency headwinds and a slowdown in its media business, came in below views. Shares of Cambridge, Mass.-based Akamai (AKAM), the No. 1 provider of content delivery network services to media and entertainment companies, were up 4% in after-hours trading after the company
Akamai Technologies’ (AKAM) revenue growth will slow as video and e-commerce traffic carried over its content delivery network decelerates, says Pacific Crest Securities, which downgraded the stock to sector perform late Sunday. Cambridge, Mass.-based Akamai is the biggest provider of CDN services to media and entertainment companies. Its computer server network stores copies of website content for fast delivery to end users. Chad Bartley, an