Akamai Technologies (AKAM) Tops Q4 EPS by 9c, offers guidance

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Go back to Akamai Technologies (AKAM) Tops Q4 EPS by 9c, offers guidance

Akamai Technologies (AKAM) misses Q4 revenue estimates, shares slide

February 13, 2024 4:12 PM EST

Akamai 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