- Initially higher AH in response to its Q3 beat, Akamai (AKAM) has sold off after guiding on its CC for Q4 revenue of $412M-$430M and EPS of $0.49-$0.53; the midpoints of those ranges are below a consensus of $423.8M and $0.52.
- Akamai partly blames the guidance on e-commerce-related weakness - eBay recently stated Q4 U.S. demand could be soft, but then backtracked a bit - and negotiations with a major media client. The company in question could be Netflix, which has been moving traffic to its Open Connect CDN.
- Separately, Akamai has announced a new $750M buyback program, good for repurchasing 8.7% of shares at currently levels. The program replaces one that was used to buy back $30M worth of shares in Q3.
- Q3 results, PR
From other sites
Video at CNBC.com (Wed, 11:50AM)
Video at CNBC.com (Jul 29, 2015)
Video at CNBC.com (Jul 28, 2015)
at CNBC.com (Feb 10, 2015)
at CNBC.com (Dec 30, 2014)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs