Akamai Earnings Top Views Amid High Hopes

▤ Summary

Akamai Technologies (AKAM) reported first-quarter earnings that topped Wall Street targets despite the coronavirus emergency. Akamai stock has rallied on views that traffic volume on its content delivery network has jumped as stay-at-home consumers engage in more video streaming. For the June quarter, Akamai forecast adjusted earnings of $1.21 a share on revenue of $765 million at its midpoint of guidance. Akamai is the biggest provider of CDN services that also increase the speed of e-commerce transactions and business software downloads. Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on 5G wireless, artificial intelligence, cybersecurity and cloud computing.

▦ Linked Companies