• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Home
  • About
  • DMCA
  • Privacy Policy
  • Contact US
  • Sitemap
  • Guest Post

Internet Do

Internet - All things Internet

  • Internet
  • Technology
  • Domain – Host – VPS
  • WEB – BLOG
  • Bitcoin
  • Reviews
You are here: Home / Internet / Akamai rises slightly on strong second quarter and internet traffic – MarketWatch

Akamai rises slightly on strong second quarter and internet traffic – MarketWatch

07/29/2020 by admin

Akamai Technologies Inc. AKAM shares rose after hours Tuesday after the content delivery network provider reported growth in the company’s security and media solutions amid a gain in internet traffic during the COVID-19 pandemic. CEO Tom Leighton called the second-quarter results “outstanding” as over-the-top services, gaming releases and software downloads increased. Akamai shares climbed about 1% to $113 after hours after falling 2% in the regular session to close at $111.99. The company reported second-quarter net income of $162 million, or 98 cents a share, compared with $114 million, or 69 cents a share, in the year-ago period. Adjusted earnings were $1.38 a share after adjusting for foreign exchange. Revenue, which was up across all its businesses including its cloud security and internet platform offerings, rose to $795 million from $705 million in the year-ago quarter. Analysts surveyed by FactSet had forecast adjusted earnings of $1.21 a share on revenue of $767 million. Akamai’s shares are up 29% in 2020, while the S&P 500 Index
SPX,
-0.64%

has risen 0.4% this year.

===========
Website of source

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to email this to a friend (Opens in new window)

Related

Filed Under: Internet Tagged With: Internet News

Primary Sidebar

Categories

  • Bitcoin (5,449)
  • Domain – Host – VPS (790)
  • Internet (46,230)
    • Images (233)
    • Videos (277)
  • Make Money Online (955)
  • Reviews (12)
  • Technology (66,955)
  • WEB – BLOG (1,115)

INTERNETDO.COM © 2015 - 2020 - ALL THINGS INTERNET - Hosted by INTERSERVER.NET - LLODO TECH - Q&A English Online.

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.