AKAMAI REPORTS FOURTH QUARTER 2023 AND FULL-YEAR 2023 FINANCIAL RESULTS
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Akamai Technologies (AKAM) misses Q4 revenue estimates, shares slide
February 13, 2024 4:12 PM ESTAkamai Technologies (NASDAQ: AKAM) shares slumped 5% in after-hours trading Tuesday after the company missed expectations for FQ4 revenue and issued soft FQ1 2024 guidance.
The cloud computing company posted an earnings per share (EPS) of $1.69, topping the consensus estimates of $1.60. However, its quarterly revenue of $995 million slightly missed the anticipated $999.09 million.
Breaking down the revenue streams, Akamais security services... More
