Akamai Technologies (AKAM) Tops Q4 Earnings and Revenue Estimates

Group 1: Earnings Performance - Akamai Technologies reported quarterly earnings of $1.66 per share, exceeding the Zacks Consensus Estimate of$ 1.52 per share, but down from $1.69 per share a year ago, representing an earnings surprise of 9.21% [1] - The company posted revenues of$ 1.02 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.49% and up from $995.02 million year-over-year [2] Group 2: Stock Performance and Outlook - Akamai Technologies shares have increased approximately 4.8% since the beginning of the year, compared to the S&P 500's gain of 4.5% [3] - The current consensus EPS estimate for the upcoming quarter is$ 1.67 on revenues of $1.05 billion, and for the current fiscal year, it is$ 6.76 on revenues of $4.28 billion [7] Group 3: Industry Context - The Internet - Services industry, to which Akamai belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [8]