AKAM - Akamai Technologies Analysts Cut Their Forecasts After Weak Forecast | Benzinga
Akamai Technologies, Inc. (NASDAQ:AKAM) posted upbeat earnings for its first quarter, but issued weak guidance.
Akamai Technologies posted quarterly adjusted earnings of $1.64 per share, beating market estimates of $1.61 per share. The company's sales came in at $987.000 million, versus expectations of $989.261 million, according to data from Benzinga Pro.
“We are pleased with our continuing execution on our long-term strategy to drive revenue growth in our security and compute solutions,” said Dr. Tom Leighton, Akamai’s Chief Executive Officer. “Both solutions had a strong start to 2024 and collectively grew ...