$AKAM (Akamai Technologies, Inc.)

$AKAM {{ '2016-04-26T20:17:09+0000' | timeago}} • Announcement

Cloud services provider $AKAM reported a decline in 1Q16 earnings due to higher costs and operating expenses. Net income slid to $74.86MM or $0.42 per share from $77.75MM or $0.43 per share last year. Revenue grew to $567.73MM from $526.54MM. Non-GAAP ESP increased to $0.66 from $0.61.

$AKAM {{ '2017-06-27T16:52:05+0000' | timeago}} • Announcement

$AKAM has launched Enterprise Threat Protector, a cloud-based protection against targeted threats such as malware, phishing and DNS based data exfiltration. The solution layers critical intelligence onto recursive DNS requests and prevents users from accessing malicious domains. It also disrupts communications between infected devices.

$AKAM {{ '2017-05-31T18:41:56+0000' | timeago}} • Announcement

Cloud delivery platform $AKAM in its latest State of the Internet Report said global average connection speed rose 15% YoY in 1Q17, and average peak connection speed increased 28%. The number of unique IPv4 addresses connected to the Akamai Intelligent Platform rose by 0.7%. The average mobile connection speeds ranged between 26 Mbps and 2.8 Mbps.

$AKAM {{ '2017-05-05T17:30:07+0000' | timeago}} • Infographic

$AKAM Akamai Technologies Inc. Earnings AlphaGraphics: Q1 2017 highlights

$AKAM {{ '2017-05-02T21:45:20+0000' | timeago}} • Webcast

$AKAM stated that media traffic is growing substantially and also OTT traffic is growing at a substantial rate. Therefore, the company added that it's not a situation of underutilization, but that the growth rate is less than they were before.

$AKAM {{ '2017-05-02T21:28:36+0000' | timeago}} • Webcast

$AKAM's growth rate in security was in the high 30s and currently this business is at an annualized run rate of $450MM. Therefore, the company said it is very positive about the security business and how it is executed.

$AKAM {{ '2017-05-02T20:27:38+0000' | timeago}} • Announcement

$AKAM spent $72MM to repurchase 1.1MM shares of its common stock at an average price of $65.78 per share during 1Q17. As of March 31, 2017, the company had approx. 173MM shares of common stock outstanding. By geography, revenue grew 2% YoY in the US at $407MM, while international revenue was up 19% at $203MM in 1Q17.

$AKAM {{ '2017-05-02T20:22:35+0000' | timeago}} • Announcement

Cloud services provider $AKAM reported higher 1Q17 earnings, driven by strong results in the performance and security solutions segment and overall revenue growth. Net income grew 8.10% to $80.93MM or $0.46 per share from $74.86MM or $0.42 per share a year ago. Revenue grew 7.3% YoY to $609.23MM. Excluding items, $AKAM earned $0.69 per share.

$AKAM {{ '2017-03-30T11:15:41+0000' | timeago}} • Announcement

$AKAM agreed to acquire SOASTA, a Digital Performance Management company. The acquisition is intended to give $AKAM customers greater visibility into the business impact of their website and application optimization strategies. The all-cash transaction is expected to close early in 2Q17. Financial details of the transaction were not disclosed.

$AKAM {{ '2017-02-07T22:24:04+0000' | timeago}} • Webcast

In 4Q16, $AKAM's revenue from its Internet Platform Customers accounted for less than 10% of the total revenue. The company expects to see some further decline related to Internet Platform Customers, but said that the future impact is limited.

$AKAM {{ '2017-02-07T22:10:15+0000' | timeago}} • Webcast

For 1Q17, $AKAM expects revenue in the range of $596MM to $610MM. At the higher end of this range, YoY growth would be 8% on constant currency. The company expect Q1 non-GAAP EPS in the range of $0.66 to $0.69.

$AKAM {{ '2017-02-07T22:00:24+0000' | timeago}} • Webcast

$AKAM plans to increase its investment in 2017 to capitalize on the growth opportunities to further accelerate the long-term revenue. The company said its investment strategy will pressure margins in the near term, but believes it will help accelerate revenue growth in the longer term.

$AKAM {{ '2017-02-07T21:52:24+0000' | timeago}} • Webcast

$AKAM said that the number of DDos (Distributed Denial of Service) attacks launched against its customers in 2016 grew by 75% over 2015.

$AKAM {{ '2017-02-07T21:46:31+0000' | timeago}} • Webcast

In 2016, $AKAM released several new products and the reception of products such as Image Manager, Enterprise Application Access and Bot Manager in the marketplace has been very positive. The company said that Bot Manager has proven to be the company's most popular new product in several years.

$AKAM {{ '2017-02-07T21:25:02+0000' | timeago}} • Announcement

$AKAM generated operating cash flow of $182MM during 4Q16 and spent $79MM on share repurchases. Cash, cash equivalents and marketable securities were $1.6Bil at Dec. 31, 2016.

$AKAM {{ '2017-02-07T21:22:31+0000' | timeago}} • Announcement

For 4Q16, $AKAM's Performance and Security Solutions revenue grew 17% YoY to $367MM. Service and Support Solutions revenue grew 14% to $53MM, while Media Delivery Solutions revenue declined 10% to $196MM. Geographically, the company's revenue from U.S. increased 2%, while International increased 18% YoY.

$AKAM {{ '2017-02-07T21:15:10+0000' | timeago}} • Announcement

$AKAM reported a 4% YoY jump in its 4Q16 earnings to $92MM, or $0.52 per diluted share. On a non-GAAP basis, the company earned $0.72 per diluted share. Revenue for the quarter grew 6% YoY to $616MM.

$AKAM {{ '2016-12-19T12:29:33+0000' | timeago}} • Announcement

$AKAM said it acquired Cyberfend, an innovator in bot and automation detection solutions for web and mobile environments, in an all cash transaction. The acquisition is intended to further strengthen $AKAM's existing bot management and mitigation services.

$AKAM {{ '2016-11-21T14:48:24+0000' | timeago}} • Announcement

$AKAM released plans for building of its new global headquarters in Cambridge, Massachusetts. $AKAM agreed with $BXP to lease a newly-constructed building at 145 Broadway, in the heart of Cambridge's Kendall Square neighborhood. The about 486,000 square foot building is scheduled to open at end of 2019.

$AKAM {{ '2016-10-25T21:39:46+0000' | timeago}} • Webcast

Relative to revenue, $AKAM said neither Concord Systems nor Soha Systems had much of a revenue stream. There is going to be no impact on revenue as a result of these acquisitions. Both these companies have between 40 and 43 employees, and adding these employees will add $3-4MM of OpEx within the quarter with no corresponding revenue.

$AKAM {{ '2016-10-25T21:27:42+0000' | timeago}} • Webcast

$AKAM expects to spend approx. $82-87MM of CapEx in 4Q16, excluding equity compensation. For the full year 2016, this level of CapEx would equate to 15% of revenue, slightly under the long-term model of 16-18% of revenue.

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