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Akamai: Time To Buy The Stock, Stifel Analyst Declares
Mar. 17 2011 - 9:07 am By ERIC SAVITZ
Akamai (AKAM) shares are on the rise this morning after Stifel Nicolaus analyst Tim Klasell lifted his rating on the content delivery network company’s stock to Buy from Hold, setting a $44 target price. The stock closed yesterday just shy of $35.
Klasell notes that Akamai’s shares are down 27% since offering disappointing financial guidance early last month. Over the same period, the Nasdaq Composite is down 6%; the S&P 500, just under 5%.
The analyst notes that the company’s recent forecast reflected weakness in its media sector business, which he observes has always had an out-sized effect on the stock. He says the time to buy AKAM is “when this segment and sentiment overall is weaker, as the cycle should eventually reverse.” Klasell points out that Akamai on its last earnings call noted that it had renewed long-term deals with eight of its top 10 media customer.
“With many large customers locked in, we think Akamai can mitigate much of the downcycle that we think is pressuring pricing,” he writes. “Note, we think media volume share is necessary to support the partners needed for its high-margin e-commerce and value-added-services segment.”
The analyst adds that in other segments – 3-commerce, cloud computing, software as a service – the company’s scale and architecture “bring real competitive advantages.” He thinks those areas will grow faster this year, and offer the chance for better margins and improving capital expenses trends in the second half as a result.
“We think Akamai will continue to dominate, particularly in e-commerce and cloud deployments as noted by a recent win at RackSpace, and a partnership with Ericsson,” he writes.
AKAM this morning is up $1.12, or 3.2%, to $36.08
was there news that caused today's dip
looks to be headed down
I'm with ya on that. Good luck on any decision you make, True.
J
Eastunder, at this point I'm merely looking at it. It appears to me that the tech market will be in turmoil for a while and I am reluctant to commit.
Something to check right now.
Trueheart
Looks like bouncing along bottom waiting for reason to
rise or fall Ill wait for the indicators to tell me when to get in
Is it getting your attention again, True?
I know I'm seriously debating it.
You in?
It's a 50% gain back up to the 52-week high.
Trueheart
I still haven't decided if I will buy it again. Just tracking it.
Thanks
Looks as if the bottom for th next run up has been found
I've been fooled before so be causious
It takes a while to find bottom
Need to see more interest at these lower price
Apple only sells for PE 0f 0
So the co needs to show a growth rate higher than APPL to stay at these prices or move back above 37.
AKAM 37.00 S&P focus stock of the week. Bullish
S&P Equity Research Picks Akamai Technologies Focus Stock of the Week
Feb 28, 2011 15:07:00 (ET)
NEW YORK, Feb. 28, 2011 /PRNewswire via COMTEX/ -- Akamai Technologies (akam:$39) has been picked by Standard & Poor's Equity Research as its Focus Stock of the Week. AKAM carries S&P's highest investment recommendation of 5-STARS, or Strong Buy. S&P Equity believes the company's proprietary solutions enable people to use the Internet at faster rates, with greater reliability, and with more notable security.
"As the Internet becomes even more pervasive and important, we think Akamai is poised to benefit from an increasing number of users and amount of usage across varied devices and locations," said Scott Kessler, Technology Analyst at Standard & Poor's Equity Research. "We also believe the company is well-positioned to capitalize on not only this secular growth, but also on a number of major global technology themes, such as cloud computing, digital security, and mobile platforms and applications. As a market leader, Akamai provides solutions focused on digital content and applications that are not easy to replicate."
Kessler observes that the company posted revenue growth of 19% in 2010, and he sees sustained annual increases for years to come. In light of considerable growth opportunities, Kessler says Akamai has been aggressively investing for growth via internal spending and acquisitions, which he thinks reflects the company's strong balance sheet and related flexibility.
Now i got it! Tech sector down big way today.. i wish shorties walk it down further and get shafted!
tia
Gl
Easterntunder; Not sure what you mean ? pull words out of your mouth! you mean below $40?
you cant find better levels it seems!
Empire-Building at Akamai
Oft-rumored acquisition target Akamai says it plans to go it alone By Peter Burrows
http://www.businessweek.com/magazine/content/11_08/b4216032345752.htm?campaign_id=yhoo
Akamai Technologies (AKAM) has been a rumored takeover target 21 times since 2005, more than any other company, according to Bloomberg data. Chief Executive Officer Paul Sagan insists nobody there is paying attention. "I get more questions from employees about whether we can get more showers in the office," he says. Told that Akamai had been crowned king of the rumor mill, he laughs: "Well, I guess that makes you guys wrong more often than anyone."
The takeover chatter has included Apple (AAPL), AT&T (T), Cisco Systems (CSCO), and Google (GOOG). Although shares of the Cambridge (Mass.) company with the funny name (it means "intelligent" in Hawaiian) tumbled nearly 12 percent on Feb. 9 after a weaker-than-expected forecast for the current quarter, Akamai still trades at roughly 50 times earnings. Apple, by comparison, trades at about 20 times profits. It's a sign that Wall Street expects Akamai's sales to keep zooming upward—revenue increased 19 percent in the fourth quarter of 2010, to $285 million.
The company is known for its dominance in the $2.5 billion market for content delivery network, or CDN, services. Content providers such as video sites and media companies pay a monthly fee to cache their content on Akamai's 77,000 servers in 71 countries. The company's network—which amounts to a more reliable, faster Internet—handles roughly 15 percent of all Web traffic, more than any other CDN and more even than Google, says Sagan.
Media companies use CDNs to distribute their articles, movies, and music. When a sports fan in Wisconsin presses "play" on a Super Bowl clip, the video comes from the nearest Akamai server rather than NFL.com's data center in El Segundo, Calif. "They're like a giant shock absorber," says Hans Schroeder, NFL.com's senior vice-president of media strategy and development. "When millions of people hit the site on Sunday, Akamai's ability to handle the load through their dispersed network is tremendous."
Rival CDN providers such as Limelight Networks and Level 3 Communications (LVLT) have pushed down the price Akamai can charge for basic CDN services. Sagan says the company's sales volume will make up for falling prices: Growing demand for Internet video delivered to everything from iPads to big-screen TVs will drive Akamai's CDN business from $400 million today to $2 billion within 10 years, he says.
Sagan, a cousin of 1980s scientist Carl Sagan, is also expanding Akamai's offerings. The company now takes in roughly $200 million a year from e-commerce sites, helping to cut seconds off the time it takes to deliver product recommendations to shoppers. It recently started a service that stores credit-card numbers for e-tailers. With Akamai maintaining the actual database of card numbers, merchants can forgo the expensive security audits demanded by payment processors, potentially saving them millions of dollars. Plus, e-tailers eliminate the risk of having thousands of credit-card numbers stolen.
Akamai has begun to sell to big corporations, too, letting them pay a monthly service fee rather than take on the cost and complexity of building sophisticated IT shops of their own. It offers security services to protect against denial-of-service attacks like the ones WikiLeaks supporters launched against sites run by Visa (V) and MasterCard (MA) in December. Akamai's servers are programmed to spot and block suspicious traffic. Tom Leighton, a former Massachusetts Institute of Technology professor and one of Akamai's co-founders, says this strength-in-numbers approach is the only way to defeat massive cyber assaults. Most sites "just can't afford to fight off some of these attacks" on their own, he says.
As Akamai expands into new markets, competitors are edging in on its core business. Level 3 won the high-profile Netflix (NFLX) account away from Akamai in late 2010. Telecom companies such as AT&T are adding content distribution capabilities to their phone networks. Barrett Lyon, who co-founded rival Bit Gravity (which was recently sold to Tata Communications (TCL)), is about to launch a new video distribution company. "They've been the Cadillac of CDNs with Ferrari prices," he says of Akamai. "But someone is going to come along and solve customers' problems more economically."
With that in mind, wouldn't Akamai be better off under the protective umbrella of a large acquirer? Sagan says it's not an option. He thinks the company is better off on its own, free to market to and partner with anyone rather than be handcuffed by a parent company's strategic goals. "We don't get intimidated," he says. "And we don't take no for an answer."
The bottom line: Akamai, the "shock absorber" of the Internet, is diversifying into e-commerce, network security, and other businesses.
I don't know how low it will go but since I have been waiting to buy AKAM - my interest is getting more intense. In the past it seems like a huge gap down has presented a short term opportunity. I just can't make up my mind whether it's time or not. I need a bit of a hint by forward movement. I do not like the drop below the 200 nor do I like the fifty curving down to that 200. I'm watching it with interest right now. I do, however, like the fact it dropped well out of it's bollie.
My thoughts are almost to keep an eye on AKAM and see if it drops further and gets the top two boxes on this chart to pinch. We would want the green line and the white line to come together: More like what they did back in October?
Easttunder; best stox in this space! how low would be brought to by shorties? Did INAP decline as well> It seems video players and networkers are all down..? what is happening?
tia
Akamai's 4Q overshadowed by disappointing outlook
Akamai 4Q profit rises 31 percent, but stock plummets on cautious forecast to start new year
On Wednesday February 9, 2011, 7:20 pm EST
CAMBRIDGE, Mass. (AP) -- Akamai Technologies Inc. ended last year with bang amid rising demand for its Web management services, but expects to get off to a slow start this year.
The cautious outlook accompanying Wednesday's release of Akamai's fourth-quarter results caused the company's shares to plunge more than 11 percent in after-hours trading.
The Cambridge, Mass.-based company $52.5 million, or 27 cents per share, during the final three months of last year. That represented a 31 percent increase from net income of $40.1 million, or 21 cents per share, at the same time in the prior year.
If for certain expenses, Akamai said it would have earned 40 cents per share. Based on that figure, Akamai topped the average estimate of 38 cents per share among analysts surveyed by FactSet.
Revenue for the period totaled $284.7 million, a 19 percent increase from $238.5 million in the previous year. The revenue was about $1 million higher than analysts projected.
But management doesn't expect to fare as well during the first three months of this year. The company forecast revenue of $265 million to $275 million, below the average analyst estimated of $284 million.
Akamai shares shed $5.46, or 11.4 percent, to fall to $42.53 in Wednesday's extended trading. The stock had closed at $47.99, down 11 cents.
The company has benefited from a growing desire to watch video and conduct business on the Web. That trend has been good for Akamai because its software and other tools help to stream video from subscription services such as Netflix Inc. and keep other online traffic flowing.
Akamai rode the increasing demand to top $1 billion in revenue for the first time in its 11-year history.
For all of 2010, Akamai earned $171.2 million, or 90 cents per share, on revenue of $1.02 billion. That compared with net income of $145.9 million, or 78 cents per share, on revenue of $860 million in 2009.
Separately, Yahoo Inc. announced that Akamai President David Kenny will join the board of the web portal, replacing Eric Hippeau.
Akamai Reports Fourth Quarter 2010 and Full-Year 2010 Financial Results
Wednesday, February 09, 2011 16:01ET
CAMBRIDGE, Mass., Feb. 9, 2011 /PRNewswire/ --
-- Fourth quarter revenue grew to $284.7 million, up 12 percent from the
prior quarter and 19 percent year-over-year, and annual revenue
increased 19 percent year-over-year to $1,023.6 million
-- Fourth quarter GAAP net income increased 32 percent quarter-over-quarter
and 31 percent year-over-year to $52.5 million, or $0.27 per diluted
share, and full-year GAAP net income increased 17 percent year-over-year
to $171.2 million, or $0.90 per diluted share
-- Fourth quarter normalized net income* increased 19 percent
quarter-over-quarter and 22 percent year-over-year to $76.5 million, or
$0.40 per diluted share, and full-year normalized net income* increased
19 percent year-over-year to $271.7 million, or $1.43 per diluted share
-- Full-year cash from operations of $402.5 million: year-end cash, cash
equivalents and marketable securities of over $1.2 billion
Akamai Technologies, Inc. (Nasdaq: AKAM), the leading provider of cloud optimization services, today reported financial results for the fourth quarter and full-year ended December 31, 2010. Revenue for the fourth quarter 2010 was $284.7 million, a 12 percent increase over third quarter revenue of $253.6 million, and a 19 percent increase over fourth quarter 2009 revenue of $238.3 million. Total revenue for 2010 was $1,023.6 million, a 19 percent increase over 2009 revenue of $859.8 million.
"With strength across cloud computing and online digital media solutions, Akamai completed its first $1 billion revenue year in 2010," said Paul Sagan, CEO of Akamai. "With our unique, distributed network and growing portfolio of solutions, we believe we are well positioned to help our customers grow as use of cloud computing, online commerce, software-as-a-service, and online media continue to proliferate around the world."
Net income in accordance with United States Generally Accepted Accounting Principles, or GAAP, for the fourth quarter of 2010 was $52.5 million, or $0.27 per diluted share. Full-year GAAP net income for 2010 was $171.2 million, or $0.90 per diluted share.
The Company generated normalized net income* of $76.5 million, or $0.40 per diluted share, in the fourth quarter of 2010, a 19 percent increase over prior quarter normalized net income of $64.2 million, or $0.34 per diluted share, and a 22 percent increase over fourth quarter 2009 normalized net income of $62.9 million, or $0.34 per diluted share. Full-year normalized net income grew 19 percent year-over-year to $271.7 million, or $1.43 per diluted share. (*See Use of Non-GAAP Financial Measures below for definitions.)
Adjusted EBITDA* for the fourth quarter of 2010 was $129.2 million, up from $114.1 million in the prior quarter, and $111.6 million in the fourth quarter of 2009. Adjusted EBITDA margin for the fourth quarter was 45 percent, consistent with the prior quarter and 2 points below the same period last year. For the full year, adjusted EBITDA was $473.6 million, up from $405.2 million in 2009. Full-year adjusted EBITDA margin in 2010 was at 46 percent, down a point from 2009. (*See Use of Non-GAAP Financial Measures below for definitions.)
Full-year cash from operations was $402.5 million, or 39 percent of revenue, down 5 percent from the prior year. At year end, the Company had over $1.2 billion of cash, cash equivalents and marketable securities.
Sales through resellers and sales outside the United States accounted for 18 percent and 27 percent, respectively, of revenue for the fourth quarter 2010.
During the fourth quarter of 2010, under a share repurchase program that was approved by the Board of Directors in April 2009 and extended in April 2010, the Company repurchased approximately 560,000 shares of common stock for $26.9 million at an average price of $48.06 per share. As of December 31, 2010, the Company had repurchased 5.8 million shares of common stock for $158.3 million at an average price of $27.38 per share
The Company had approximately 186.6 million shares of common stock outstanding as of December 31, 2010.
Continued at:
http://www.knobias.com/story.htm?eid=3.1.162dded9add659bb7b3145fde021e9d985864493681f9be7db0d7db4d6a49d73
AKAM: Q4 Adj EPS 40c vs 34c Beats 38c Est
Wednesday, February 09, 2011 16:06ET
QUARTER RESULTS
Akamai Technologies Incorporated (AKAM) reported Q4 results ended December 2010. Q4 Revenues were $284.70M; +19.47% vs yr-ago; BEATING revenue consensus by +0.57%. Q4 EPS was 27c. Adjusted Q4 EPS was 40c; +17.65% vs yr-ago; BEATING earnings consensus by +5.26%.
Q4 RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $284.70M $238.31M +19.47% $283.08M +0.57%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 27c N/A N/A N/A N/A
Adj EPS: 40c 34c +17.65% 38c +5.26%
---------- ------------ ------------ ---------- ------------ ----------
FY RESULTS Reported Year-Ago Y/Y Chg Estimate SURPRISE
---------- ------------ ------------ ---------- ------------ ----------
Revenues: $1,023.60M $859.77M +19.06% $1,021.76M +0.18%
---------- ------------ ------------ ---------- ------------ ----------
EPS: 90c N/A N/A N/A N/A
Adj EPS: $1.43 $1.22 +17.21% $1.39 +2.88%
---------- ------------ ------------ ---------- ------------ ----------
CONSENSUS ESTIMATES: AKAM:
To Release Q4 Results Feb 09 [AMC]
Tuesday , February 08, 2011 13:00ET
Akamai Technologies Incorporated (Nasdaq NM: AKAM) is scheduled to release its Q4 financial results on February 09, 2011, after the close of the market (AMC).
CONSENSUS ESTIMATES:
Q4 Revenue: $283.08 million
Q4 EPS: $0.39 per share
FY Revenue: $1021.76 million
FY EPS: $1.41 per share
PREVIOUS PERIOD:
Prev Q4 Revenue: $238.31 million
Prev Q4 EPS: $0.46 per share
Prev FY Revenue: $859.77 million
Prev FY EPS: $1.67 per share
Akamai Partners With Strangeloop for Web Content Optimization
Browser-specific content transformation and rendering complements Akamai's global cloud optimization services
Press Release Source: Akamai Technologies, Inc. On Tuesday January 18, 2011, 8:00 am EST
CAMBRIDGE, Mass. and VANCOUVER, British Columbia, Jan. 18, 2011 /PRNewswire/ -- Akamai Technologies, Inc. (Nasdaq:AKAM - News) and Strangeloop today announced a strategic agreement to offer a combined solution of global cloud optimization services along with Web Content Optimization (WCO), allowing content providers to achieve even faster Web page rendering times.
The market for site performance continues to grow, while end user patience for page down load times continues to decrease to less than two seconds. Available today, Akamai will refer the Strangeloop Site Optimizer technology – a set of features that address front-end website performance problems by transforming page code so that it can be rendered most efficiently at the browser level after an HTML document has arrived.
"WCO is an emerging technology that complements Akamai's focus on performance," said Willie Tejada, vice president, application and site acceleration, Akamai. "For sites with many objects, heavy JavaScript, or content below the fold, this feature is already showing further performance improvements when combined with Akamai's globally-distributed network and world-class site and application acceleration services. Akamai provides the ideal architecture for content providers looking to leverage Strangeloop, as our massive cloud network affords us to be in close proximity to the origin as well as to the world's Internet users."
Web Content Optimization technology takes HTML that has been optimized for readability, supportability and maintainability and, while retaining these benefits, transforms it to HTML that is optimized for fast page rendering. This involves implementing numerous best practices such as rewriting object names, re-ordering when and how objects are rendered, re-ordering when scripts are executed, and optimizing content based on the requesting browser. In the past, this time-consuming work could only be performed manually by developers with specific performance expertise.
"As the leader in ensuring the highest levels of site and application performance, Akamai is helping the largest brands across the globe maximize the value of the cloud," said Strangeloop President Joshua Bixby. "Akamai's customers are among the savviest businesses for seeking out highly specialized and value-add solutions designed to squeeze every last drop of performance benefit out of their sites. We look forward to building upon this relationship to provide complementary, highly-tuned performance solutions to the market."
Exceda, a services provider in the areas of telecom, IT and the Internet, has been providing customers with a combined Akamai and Strangeloop solution. "Offering Strangeloop's site transformation technology to complement our customers' investment in Akamai's leading cloud optimization services makes a great deal of sense," says Claudio Marinho, CEO of Exceda. "Our customers have seen the link between performance and their core business metrics, and they know that acceleration is a never-ending goal."
About Strangeloop
Founded in 2006, Strangeloop's original product offering was the Strangeloop AS1000, a delivery-focused accelerator for ASP.NET. In 2010, the company launched Site Optimizer™, a next-generation solution that offers a powerful set of features that work together to provide roundtrip reduction, rapid rendering, and dynamic browser caching. Strangeloop's Site Optimizer technology is specifically designed to simplify web code optimization from a lengthy and complex coding process into an automated function that provides roundtrip reduction, rapid rendering, dynamic browser caching, as well as a host of other acceleration best practices. Site Optimizer makes Strangeloop's web acceleration capabilities available to companies in different environments: as a hardware appliance, as a virtual appliance, and as a service via the cloud. Strangeloop is based in Vancouver, BC. For more information, visit www.strangeloopnetworks.com.
About Akamai
Akamai® provides market-leading, cloud-based services for optimizing Web and mobile content and applications, online HD video, and secure e-commerce. Combining highly-distributed, energy-efficient computing with intelligent software, Akamai's global platform is transforming the cloud into a more viable place to inform, entertain, advertise, transact and collaborate. To learn how the world's leading enterprises are optimizing their business in the cloud, please visit www.akamai.com and follow @Akamai on Twitter.
Akamai: ‘Exceptional’ Q4, Predicts Wedge.
By Tiernan Ray
Wedge Partners analyst Ryan Hunter today speculates that Akamai Technologies (AKAM) had an “exceptional” Q4, given that ComScore last week reported a record 12% growth in U.S. online shopping, and given that Akamai helps improve performance of all of the top 20 e-commerce sites.
That could help Akamai hit the top end of its forecast revenue range of $272 million to $285 million in the quarter.
Some other recent developments may help the company beat expectations this fiscal year: They extended a deal with eBay’s (EBAY) PayPal; they renewed a deal with Apple (AAPL); denial-of-service Web site attacks (probably of the WikiLeaks variety) rose in December, which has been a good thing for Akamai’s services in past; and increased video consumption online is one factor that should boost global bandwidth usage, playing to Akamai’s strengths.
Akamai should be able to beat the current consensus estimate of 18% top line growth this year and $1.64 in EPS, he writes.
Akamai shares today are up 35 cents, or 0.7%, at $49.10.
Akamai Demonstrates Delivery of UltraViolet Entertainment
Thursday , January 06, 2011 00:01ET
LAS VEGAS, Jan. 6, 2011 /PRNewswire/ -- 2011 International Consumer Electronics Show -- Akamai Technologies, Inc. (Nasdaq: AKAM), the leading provider of cloud optimization services, today announced its involvement with the Digital Entertainment Content Ecosystem (DECE) LLC, and demonstrated a prototype for delivering digital home entertainment content according to DECE's recently announced UltraViolet specifications. UltraViolet represents a new way for consumers to enjoy greater choice and flexibility in how, when and where they collect and watch digital movies and TV shows.
While not yet commercialized, the prototype Akamai unveils at the Consumer Electronics Show (CES) will detail how its video delivery platform will allow consumers to experience UltraViolet movies and TV content they have purchased. It is also designed to enable retailers to more easily bring UltraViolet services to market. When consumers buy UltraViolet entertainment, the access rights to that content can be stored in their UltraViolet account and digital locker, which is accessible across multiple platforms and devices. In addition to easy access, UltraViolet is designed to increase the value of digital entertainment by enabling streaming as well as download and burn to physical media functionality.
"One key facet of UltraViolet's open-specs design is the ability for world-class infrastructure and B2B service providers like Akamai to accelerate retailers' deployments, with premium-quality enablement and delivery on a cost-efficient basis," said Mark Teitell, general manager of DECE. "As a member of DECE, Akamai's prototyping of this UltraViolet experience is a great example of how individual companies' initiative and market development will combine with our industry-standard technical specs to bring UltraViolet to consumers this year."
The integrated Akamai video delivery platform and the UltraViolet digital locker are designed to enable leading retailers to quickly bring premium, turn-key UltraViolet-compliant services to market. Beginning with the sale of physical media like Blu-ray discs that come with UltraViolet, retailers will be able to extend their relationship with consumers to include UltraViolet-compliant services to stream high definition content to connected devices such as Internet TVs and Blu-ray players, and mobile apps for smartphones and tablets.
"Over the last decade, Akamai has had the privilege of working with the top retailers, consumer electronic manufacturers and media and entertainment companies to accelerate their websites and enable high-quality digital media experiences," said Steven Chester, Akamai Vice President of Film." Akamai believes that our distributed global network is uniquely able to provide the scale, security and quality required for the industry's next phase of business model innovation. Akamai's goal is to enable retailers and content providers to take advantage of the incredible opportunity presented by UltraViolet, and be a part of bringing the next generation of premium home entertainment services to the market."
huh imagine that...adding next 1/3 @ $49...ENJOY ;)
Thank you, and same to you.
J
The channel is just too appealing to not jump in now using this
technique. Hope you have a Safe, Profitable and FUN New Year...ENJOY ;)
I tend to do the same thing - buy a position in pieces. Build into it. Sell it off in pieces.
exactly...when it sounds too good to be true, tap the brakes by 1/3.
Avoid the RUSH and eat the whole meal in nibbles. Risk and health management ;)
and add the other 2/3 in at another price? 1/3 at a time?
Feel the same but tempted to start 1/3 today...
Eventually it will show an opportunity in the making! ;) I just hope I am paying attention. I get distracted fairly easy.
HAPPY NEW YEAR!
May this be your best one yet!
Jen
Eastunder, the three-month chart shows a trader's nirvana. LOL
Happy New Year!
Trueheart
AKAM 4Q earnings/full year 2-09-11 AMC
Akamai to Hold Fourth Quarter and Full-Year 2010 Investor Conference Call on Wednesday, February 9th at 4:30 PM ET
Tuesday , December 28, 2010 06:30ET
CAMBRIDGE, Mass., Dec. 28, 2010 /PRNewswire-FirstCall/ -- Akamai Technologies, Inc. (Nasdaq: AKAM), the leading provider of cloud optimization services, announced today that the company will hold a conference call for investors on Wednesday, February 9, 2011 at 4:30 p.m. ET. The call will include the company's fourth quarter 2010 and year-end financial results, and will also be broadcast live via the Internet at www.akamai.com.
The live dial-in information for the conference call is:
U.S. only: (800) 884-5695
International: (617) 786-2960
Passcode: 30950348
In addition, a replay of the call will be available for one week following the conference by calling 1-888-286-8010 (or 1-617-801-6888 for international calls) and using passcode No. 44458971. The archived webcast of this event may be accessed through the Akamai Website.
About Akamai
Akamai® provides market-leading, cloud-based services for optimizing Web and mobile content and applications, online HD video, and secure e-commerce. Combining highly-distributed, energy-efficient computing with intelligent software, Akamai's global platform is transforming the cloud into a more viable place to inform, entertain, advertise, transact and collaborate. To learn how the world's leading enterprises are optimizing their business in the cloud, please visit www.akamai.com and follow @Akamai on Twitter.
AKAM: Wells Fargo Starts @ Market Perform
Wednesday, December 22, 2010 09:30ET
Issuer: Akamai Technologies Incorporated (NasdaqNM: AKAM)
Analyst Firm: Wells Fargo Van Kasper & Co.
Ratings Action: INITIATE
Current Rating: Market Perform
This rating information was reported by TheFlyOnTheWall.
Naw, I didn't get into Akamai.
I'm dissatisfied with the market in general. I have a nagging feeling about the other shoe dropping, of European debt causing another crisis, of state and municipal debt/bankruptcy killing the debt market, Korea erupting and mostly the fact that I can't get my organic peanut butter to mix well. LOL
I have a large chunk of my money in Sunrise Senior Living, which is probably not a good thing to do but I've looked at it three ways from sundown and I continue to see it going to ten bucks in the next year or being bought out.
What do I know?
Trueheart
Did you buy that?
Eastunder, isn't that dip by five cents below the bottom line suggest a buy?
Trueheart
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BUSINESS SUMMARY:
Akamai® provides market-leading managed services for powering video, dynamic transactions, and enterprise
applications online. Having pioneered the content delivery market one decade ago, Akamai's services have been
adopted by the world's most recognized brands across diverse industries. The alternative to centralized Web
infrastructure, Akamai's global network of tens of thousands of distributed servers provides the scale, reliability,
insight and performance for businesses to succeed online. Akamai has transformed the Internet into a more viable
place to inform, entertain, interact, and collaborate.
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