Edition:
India

Akamai Technologies Inc (AKAM.OQ)

AKAM.OQ on NASDAQ Stock Exchange Global Select Market

55.68USD
21 Nov 2017
Change (% chg)

$0.30 (+0.54%)
Prev Close
$55.38
Open
$55.63
Day's High
$55.69
Day's Low
$55.36
Volume
373,287
Avg. Vol
700,945
52-wk High
$71.34
52-wk Low
$44.65

Latest Key Developments (Source: Significant Developments)

Akamai Technologies reports Q3 revenue of $621 million
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Akamai Technologies Inc :Akamai reports third quarter 2017 financial results.Q3 revenue $621 million versus I/B/E/S view $610.7 million.Akamai Technologies Inc - qtrly ‍performance and security solutions revenue was $381 million, up 11 pct year-over-year​.Akamai Technologies Inc - qtrly ‍media delivery solutions revenue was $183 million, down 3 pct year-over-year​.Akamai Technologies Inc - qtrly ‍GAAP EPS was $0.35 per diluted share​.Q3 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Akamai Technologies Inc - qtrly ‍cloud security solutions revenue, a component of performance and security, was $121 million, up 27 pct year-over-year​.Akamai Technologies Inc - qtrly ‍non-GAAP EPS was $0.62 per diluted share​.  Full Article

Akamai agrees to acquire Nominum
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - Akamai Technologies Inc ::Akamai agrees to acquire Nominum.Akamai Technologies Inc - ‍expects acquisition to be dilutive to non-GAAP earnings in fiscal Q4 and 2018​.Akamai Technologies Inc - ‍dilutive impact in fiscal Q4 of 2017 is expected to be approximately $0.05, and approximately $0.11 for fiscal 2018​.Akamai Technologies Inc - ‍expects acquisition to be accretive in 2019​.Akamai Technologies Inc - ‍Akamai expects acquisition to be accretive in 2019​.Akamai Technologies - reiterates intention to manage co's FY EBITDA margins within its previously stated range of mid-30s while it integrates Nominum​.  Full Article

Limelight, Akamai enter into licensing agreement regarding intellectual property settlement
Monday, 1 Aug 2016 

Limelight Networks Inc : Limelight and Akamai enter into licensing agreement regarding intellectual property settlement . Both parties have waived all rights to appeal, and Akamai will release $51 million letter of credit that bonded judgment . Agreement allows co to operate network free from restrictions, with respect to '703 and certain other patents . Settlement converts about $51 million judgment into a $54 million license that will be paid in 12 equal quarterly installments starting Aug 1 .Settlement converts about $51 million judgment into a $54 million license paid in 12 equal quarterly installments starting Aug 1.  Full Article

Akamai sees q3 non-GAAP EPS in range of $0.59 to $0.62
Wednesday, 27 Jul 2016 

Akamai Technologies Inc : Says expects q3 expect q3 non-GAAP EPS in the range of $0.59 to $0.62; q3 non-gaap operating margin of 26% to 27% . Says expects q3 ebitda margins of 39% to 40%, to spend about $85 million to $93 million in q3, excluding quity compensation . Says expects q3 revenue in range of $566 million-$578 million; at midpoint of this range , y-o-y revenue growth would moderate to 4% . Q3 earnings per share view $0.66, revenue view $590.9 million -- Thomson Reuters I/B/E/S Further company coverage: [AKAM.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Akamai reports Q2 adj. earnings $0.64/shr
Wednesday, 27 Jul 2016 

Akamai Technologies Inc : Akamai reports second quarter 2016 financial results . Q2 non-GAAP earnings per share $0.64 . Q2 GAAP earnings per share $0.42 . Q2 revenue $572 million versus I/B/E/S view $574.9 million .Q2 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.  Full Article

Limelight Networks - Massachusetts district court final judgment in Akamai Technologies networks case
Friday, 1 Jul 2016 

Limelight Networks : Limelight Networks Inc says Massachusetts district court has entered final judgment in Akamai Technologies, Inc. Et al. v. Limelight Networks case . Limelight Networks Inc says district court reduced total damages payable by Limelight in this case to approximately $51 million . Will regain access to about $12 million of $63 million currently held in a letter of credit supporting damages award .Limelight Networks Inc says will take a charge in Q2 2016 for full amount of $51 million.  Full Article

Hotstar and Akamai renew partnership in India to scale for live sports events
Wednesday, 25 May 2016 

Akamai Technologies Inc : Hotstar and Akamai announce renewal of partnership in India to scale for live sports events .  Full Article

Akamai Technologies Inc contacted U.S. SEC, DoJ regarding internal investigation - Reuters
Tuesday, 1 Mar 2016 

Akamai Technologies Inc:Conducting internal investigation, with assistance of outside counsel, relating to sales practices in country outside the U.S - RTRS.Investigation includes review of compliance with requirements of U.S. foreign corrupt practices act and other laws and regulations.In February 2015, voluntarily contacted U.S. SEC and Department of Justice to advise both agencies of internal investigation.  Full Article