Tag Archives: akam

Akamai Expected To Get A Kick Out Of Soccer World Cup

Akamai Technologies should see a Q2 boost in online video streaming from soccer’s World Cup as well as a long-term gain from Microsoft’s refocus on its Xbox One gaming console, says Oppenheimer. Cambridge, Mass.-based Akamai Technologies (AKAM) is the biggest provider of content delivery network, or CDN, services to media and entertainment companies. Akamai’s global network of computer servers stores copies of website content for quick delivery to

Akamai Technologies Upgraded On CDN Sales Growth

Akamai Technologies’ (AKAM) core business continues to thrive with double-digit revenue growth despite falling prices, says Pacific Crest Securities, which upgraded the stock to outperform on Wednesday. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network (CDN) services to media and entertainment companies. Akamai’s computer servers store copies of website content. Customers include Apple (AAPL). Prices in the CDN

Akamai Rides Online Media Boom With Strong Earnings

Akamai Technologies (AKAM) late Thursday said Q1 adjusted profit rose 14% on revenue growth of 23%, beating views. For the current Q2, Akamai forecast EPS of 55 cents per share at its midpoint on revenue of $471 million, above expectations. Analysts had modeled Q2 EPS of 53 cents per share on revenue of $459 million. “Akamai reported a strong Q1 based primarily on higher-than-expected media volumes and accelerating performance & security segment