Shares of Akamai Technologies (NASDAQ:AKAM) increased 1% after the company reported Q2 results.
Earnings per share rose 28.97% year over year to $1.38, which beat the estimate of $1.21.
Revenue of $794,715,000 higher by 12.71% year over year, which beat the estimate of $767,390,000.
Akamai Technologies hasn't issued any earnings guidance for the time being.
Akamai Technologies hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Jul 28, 2020
Time: 04:30 PM
ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=92B16222-947B-45F5-8FDE-C4092DC30DFA&Referrer=https%3A%2F%2Fwww.ir.akamai.com%2Fevents-and-presentations
Recent Stock Performance
Company's 52-week high was at $116.39
52-week low: $75.18
Price action over last quarter: Up 14.83%
Akamai operates a content delivery network, or CDN, which entails locating servers at the edges of networks so its customers, which store content on Akamai servers, can reach their own customers faster, more securely, and with better quality. Akamai has over 200,000 servers distributed over thousands of points of presence within over 1,700 networks across 130 countries. Its customers generally include media companies, which stream video content or make video games available for download, and other enterprises that run interactive or high-traffic websites, such as e-commerce firms and financial institutions. Akamai also has a significant security business, which is integrated with its core web and media businesses to protect its customers from cyber threats.
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