Investing

Akamai Up After Earnings, Guidance Coming Shortly (AKAM)

Akamai Technologies Inc. (NASDAQ: AKAM) has just posted normalized earnings of $0.41 EPS on revenues of $183.2 million.  First Call had estimates of $0.37 EPS and $174.61 million in revenues. Estimates for the next quarter are $0.38 EPS and $183.04 million in revenues. Estimates for fiscal 2008 are $1.65 EPS and $803.93 million in revenues.

Full-year cash from operations was $235.4 million, and at year-end Akamai had approximately $633.5 million of cash and equivalents on hand.

Akamai also noted that it added 29 customers to end with 2,645 customers; a 13% annual gain.  Sales through resellers were 16% of quarterly revenues and sales outside the U.S. accounted for 23% of quarterly sales.

Unfortunately, we got no formal guidance.  That is OK though, we’ll be getting to ask the CEO Paul Sagan some questions directly at 5:30 PM EST today.  Stay tuned.

Shares closed down 0.7% at $29.73 in regular trading today, and after the report shares were just trading up 5% at $31.25 in after-hours trading activity.   The 52-week trading range is $25.06 to $59.69.

Jon C. Ogg
February 6, 2008

Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)

Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.

Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.

Click here now to get started.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.