Akamai (AKAM) Says Investor Summit Delayed; Reaffirms Outlook
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Price: $102.19 +0.42%
Revenue Growth %: +8.0%
Financial Fact:
Other (expense) income, net: 778K
Today's EPS Names:
NLY, CP, RUSHA, More
Revenue Growth %: +8.0%
Financial Fact:
Other (expense) income, net: 778K
Today's EPS Names:
NLY, CP, RUSHA, More
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Akamai Technologies, Inc. (NASDAQ: AKAM) announced today that it will postpone its Investor Summit scheduled for December 12, 2012. The meeting will be rescheduled to an appropriate date after the Company has named and transitioned to a new Chief Executive Officer.
Earlier this year, the Company announced that its Board of Directors was conducting a search to name a new chief executive to succeed Paul Sagan, who is completing his eighth year as CEO and said at the time that he wanted to transition to a successor.
Akamai today also reaffirmed its previously-issued financial guidance for the fourth quarter of 2012. The Company expects fourth quarter revenue to be in the range of $373 million to $385 million and normalized net income* of $0.48 to $0.50 per diluted share.
Earlier this year, the Company announced that its Board of Directors was conducting a search to name a new chief executive to succeed Paul Sagan, who is completing his eighth year as CEO and said at the time that he wanted to transition to a successor.
Akamai today also reaffirmed its previously-issued financial guidance for the fourth quarter of 2012. The Company expects fourth quarter revenue to be in the range of $373 million to $385 million and normalized net income* of $0.48 to $0.50 per diluted share.
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