Akamai Technologies reported Q2 profit that missed views amid network investments tied to the delayed launch of Web TV services by Apple, sending its stock down late Tuesday. Akamai’s (AKAM) current quarter EPS and revenue guidance also fell short of expectations. Akamai’s stock fell 11% in after-hours trading. Cambridge, Mass.-based Akamai said it earned 57 cents per share in the June quarter, down 2% from a year earlier, and a penny light of
Akamai Technologies (AKAM) on Tuesday night is expected to report Q2 revenue growth of 14%, with EPS flat compared to the June 2014 quarter, after spending heavily to get ready for as yet-unannounced Apple (AAPL) streaming TV service. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network (CDN) services to media and entertainment companies. Its technology speeds up e-commerce transactions, business software downloads and
Wireless data speeds are surging in the U.K., one of a few countries where average mobile data connection speeds are faster than fixed-line broadband, though that number is rising, according to the Akamai Technologies’ (AKAM) Q1 “State of the Internet” report. The U.K’s average mobile data connection speeds jumped 28% to 20.4 megabits per second last quarter from Q4 2014, says the report. Average fixed-line data speeds in the U.K. were 11.6 mbps.