Akamai Earnings, Revenue Top Estimates As Video Streaming Booms

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Akamai Technologies (AKAM) reported second-quarter earnings and revenue Tuesday that topped Wall Street targets. Analysts expected Akamai earnings of $1.21 a share on revenue of $767.4 million for the period ended June 30. Akamai stock has rallied on views that consumer video streaming and remote work has increased data traffic on its content delivery network. 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.

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