Seeking Alpha

Akamai -4.9% AH in spite of Q2 beat, solid guidance

  • Akamai (NASDAQ:AKAM) guides on its Q2 CC for Q3 revenue of $484M-$496M and EPS of $0.55-$0.58, largely above a consensus of $484.8M and $0.55.
  • Gross margin rose 160 bps Y/Y in Q2 to 68.6%. But total GAAP costs/expenses rose 30% (exceeded revenue growth of 26%) thanks to big increases in sales/marketing and R&D spend.
  • $71M was spent on buybacks at an average price of $54.89.
  • Q2 results, PR

Check out Seeking Alpha’s new Earnings Center »

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
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