Replies to post #934 on Akamai Technologies, Inc. (AKAM)

[eastunder]

I haven't owned AKAM in so long and here I find myself recently buying it back right before earnings? UGH! Typically a no no for me.

Where was I when it was at 18,eh?

Sometimes I drive myself nuts! I stalk 'em and then miss them anyway.

Thanks for the info Scov! They report tonight,btw.

Cross your fingers (and remind me to add should she tank!)

Best wishes! As always!

J

[eastunder]

Akamai Q4 Crushes Estimates; Stock Soars In Late Trading

Shares of the content delivery network operator Akamai Technologies are trading sharply higher after hours on Wednesday on better-than-expected results for the fourth quarter.

The company posted revenue for the quarter of $324 million, up 15% sequentially and 14% year-over-year, and ahead of the Street at $311.3 million. Normalized profits of 45 cents a share topped the Street at 40 cents.

CEO Paul Sagan said in a brief interview this afternoon that the company saw “strength across the board,” beating not only the Street’s forecasts but also the company’s own guidance. Sagan said that business from e-commerce customers was “extremely strong” in the quarter. He also said that the company is benefiting from strong cyclical trends in Web security, site performance, mobile site performance and delivery of high quality video.

Sagan noted that the company in 2012 will introduce refreshed or major new products in every category in which it competes.

Sagan added that Akamai is “very optimistic” about 2012 coming off a strong 2011 second half.

AKAM in late trading has spiked $4.11, or 11.9%, to $38.55.