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Akamai (AKAM +7.3%) is shooting higher after soundly beating Q3 estimates, further evidence its...

Akamai (AKAM +7.3%) is shooting higher after soundly beating Q3 estimates, further evidence its focus on higher-margin content delivery services is paying off. During its earnings call, Akamai guided for Q4 revenue of $373M-$385M and EPS of $0.48-$0.50, above a consensus of $367.6M and $0.47. Q3 cloud services revenue rose 22% Y/Y, while e-commerce rose  21%. Canaccord and Oppenheimer are both upgrading in response. Rival Limelight (LLNW +0.7%), which is less focused on high-margin services, is up modestly.

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