Akamai Technologies’ (AKAM) push into security is getting a thumbs up from analysts following its investor day on Tuesday, where the company left its Q1 guidance unchanged and repeated its forecast for upper-teens revenue growth to $5 billion by 2020. It posted revenue of just under $2 billion last year. Cambridge, Mass.-based Akamai is the biggest provider of content delivery network (CDN) services to media and entertainment companies. Its global
Akamai Technologies stock was down 1.8% in early trading on the stock market today after the company late Wednesday posted Q2 earnings that beat consensus estimates but forecast lower sequential profit margins this quarter as it ramps up investments. Shares in the Cambridge, Mass.-based Akamai Technologies (AKAM), the biggest provider of content delivery network (CDN) services to media and entertainment companies, had been down more than 4%
Akamai Technologies late Wednesday reported second-quarter results slightly above views and forecast current-quarter profit and sales growth above Wall Street estimates, but its stock fell. Shares in Cambridge, Mass.-based Akamai (AKAM), the biggest provider of content delivery network (CDN) services to media and entertainment companies, were down 6% in after-hours trading. Akamai’s stock had been up more than 28% in 2014 as of Wednesday’s market