AKAM Stock Recent News

Shares of Akamai Technologies (AKAM) took off Friday, a day after the tech firm reported better-than-expected second-quarter results and raised its profit guidance on higher demand for its security and cloud computing products.

Akamai (AKAM) reports a top-line expansion year over year, driven by healthy traction in the security portfolio and multiple deal wins for cloud computing solutions.

Akamai Technologies co-founder and CEO Tom Leighton joins 'Squawk Box' to discuss the company's quarterly earnings results, growth outlook, impact of generative AI adoption, his thoughts on the CrowdStrike outage, and more.

Akamai Technologies, Inc. (NASDAQ:AKAM ) Q2 2024 Earnings Conference Call August 8, 2024 4:30 PM ET Company Participants Mark Stoutenberg - Head of IR Tom Leighton - CEO & Co-Founder Ed McGowan - EVP, CFO Conference Call Participants Patrick Colville - Scotiabank Keith We iss - Morgan Stanley John DiFucci - Guggenheim Securities Mark Murphy - JPMorgan Madeline Brooks - Bank of America Alex Henderson - Needham Fatima Boolani - Citi Jonathan Ho - William Blair Timothy Horan - Oppenheimer Rudy Kessinger - D.A. Davidson Operator Good day and welcome to the Second Quarter 2024 Akamai Technologies Earnings Conference Call.

The headline numbers for Akamai Technologies (AKAM) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Akamai Technologies (AKAM) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.49 per share a year ago.

Innovation always moves forward: that's the driving narrative behind tech stocks to buy on discount. No, I'm not going to blow smoke.

Second  quarter revenue of  $980 million, up 5% year-over-year and up 6% when adjusted for foreign exchange* Security and compute revenue represented 66% of total revenue in the second quarter and combined grew 17% year-over-year and 18% when adjusted for foreign exchange* GAAP net income per diluted share of $0.86, up 2% year-over-year and up 6% when adjusted for foreign exchange*, and non-GAAP net income per diluted share* of $1.58, up 6% year-over-year and up 9% when adjusted for foreign exchange* CAMBRIDGE, Mass. , Aug. 8, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today reported financial results for the second quarter ended June 30, 2024.

Akamai (AKAM) collaborates with Datadog to enhance enterprise security posture against ransomware attacks.

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