Seeking Alpha

Akamai issues strong Q1 guidance, shares +18.1% AH

  • Akamai (AKAM) has guided on its Q4 CC for Q1 revenue of $426M-$442M and EPS of $0.51-$0.55, soundly above a consensus of $412.8M and $0.49.
  • The CDN market leader says the guidance takes into account the renegotiation of a contract with its top media customer (widely believed to be Apple).
  • Shares have added to the gains they initially saw on news of Akamai's Q4 beat.

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