Akamai issues strong Q1 guidance, shares +18.1% AH

|About: Akamai Technologies, Inc. (AKAM)|By:, SA News Editor

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.