Akamai Technologies, Inc. (NASDAQ:AKAM) Q4 2023 Earnings Conference Call February 13, 2024 4:30 PM ET Company Participants Tom Barth - Investor Relations Tom Leighton - Chief Executive Officer Ed McGowan - Chief Financial Officer Conference Call Participants Fatima Boolani - Citi Frank Louthan - Raymond James James Fish - Piper Sandler Keith Weiss - Morgan Stanley Mark Murphy - JPMorgan Madeline Brooks - Bank of America Rishi Jaluria - RBC Michael Elias - TD Cowen Raymond McDonough - Guggenheim Securities T ...

For the quarter ended December 2023, Akamai Technologies (AKAM) reported revenue of $995.02 million, up 7.3% over the same period last year. EPS came in at $1.69, compared to $1.37 in the year-ago quarter.The reported revenue represents a surprise of -0.26% over the Zacks Consensus Estimate of $997.61 million. With the consensus EPS estimate being $1.59, the EPS surprise was +6.29%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to de ...

Akamai Technologies (AKAM) came out with quarterly earnings of $1.69 per share, beating the Zacks Consensus Estimate of $1.59 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.29%. A quarter ago, it was expected that this cloud services provider would post earnings of $1.51 per share when it actually produced earnings of $1.63, delivering a surprise of 7.95%.Over the last four quar ...

New initiative, code-named Gecko, accelerates Akamai's build-out of the world's most distributed cloud computing platformCAMBRIDGE, Mass., Feb. 13, 2024 /PRNewswire/ -- Akamai Technologies (NASDAQ: AKAM), the cloud company that powers and protects life online, today unveiled plans to embed cloud computing capabilities into its massive edge network. Akamai's Generalized Edge Compute (Gecko) advances Akamai's strategy to be the cloud computing platform for companies that want to deliver better experiences by ...

Yesterday, subscribers to our Schaeffer's Weekend Player service scored a 178% profit with our recommended Akamai Technologies, Inc. (NASDAQ:AKAM) February 110 call. Their patience paid off, as it took roughly three months to see such a hefty return. Below, we'll explain why we recommended the bullish position, and how the trade played out so quickly.At the time of our recommendation in November, a solid earnings report was keeping wind at AKAM's back, pushing it near an all-time high and taking its year-to ...

Investors are always looking for stocks that are poised to beat at earnings season and Akamai Technologies, Inc. (AKAM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Akamai is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty g ...

Akamai Technologies, Inc. (AKAM) is scheduled to release fourth-quarter 2023 results on Feb 13, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 7.95%. It pulled off a trailing four-quarter earnings surprise of 6.89%, on average. The company is expected to witness a top-line expansion year over year, owing to healthy demand trends in several business verticals.Factors at PlayDuring the quarter, Akamai announced that it has introduced its Client-Side Protect ...

Wall Street analysts expect Akamai Technologies (AKAM) to post quarterly earnings of $1.59 per share in its upcoming report, which indicates a year-over-year increase of 16.1%. Revenues are expected to be $997.61 million, up 7.5% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. ...

The first scraper-specific product tailored to the unique characteristics of scraping attacks. CAMBRIDGE, Mass., Feb. 6, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today announced the availability of Content Protector, a product that stops scraping attacks without blocking the good traffic that companies need to enhance their business. Scraper bots are a critical and often productive part of the commerce ecosystem. These bots search ...

hapabapa Introduction There aren't many companies that can accelerate their revenue in such a challenging macro environment. Akamai (NASDAQ:AKAM), is one of them. The company delivered great results in the 3rd quarter of 2023, beating analysts' expectations on both the top and bottom lines. Revenue grew 9% year-over-year to $965 million, driven by strong performance in security and compute solutions, which represented 61% of total revenue and grew 20% year-over-year. EPS increased 29% year-over-year to $1.6 ...