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

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

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

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.