Wed, Apr. 29, 3:39 PM
- Down sharply in AH trading yesterday after providing soft Q2 guidance to go with in-line Q1 results, Akamai (AKAM -1%) has erased most of its losses with the help of an upgrade to Buy from Deutsche. The firm has hiked its target by $6 to $79.
- Deutsche: "[W]e see the nearterm capitulation in the stock as an attractive entry point into secular growth drivers in FY16+ in Cloud Security and Media Delivery ... FY16+ growth drivers for AKAM's Media Delivery business in Internet HD and 4K Video Streaming, Multi-Player Gaming, etc. 2016 is also like to see meaningful spikes in Internet Web and Video traffic from the Summer Olympics, etc."
- On its CC (transcript), Akamai estimated a strong dollar will have a $3M impact on Q2 sales relative to Q1, and a $22M impact relative to Q2 2014. The company also noted it spent $67M in Q1 to buy back ~900K shares at an average price of "just over $67."
Tue, Apr. 28, 5:03 PM
- Akamai (NASDAQ:AKAM) has guided on its Q1 CC for Q2 revenue of $532M-$547M and EPS of $0.55-$0.59. The former is below a $544.8M consensus at the midpoint; the latter is entirely below a $0.63 consensus.
- As is the case for many other tech companies, a strong dollar has taken a heavy toll on the CDN leader: Q1 revenue growth was 20% Y/Y in constant currency, and 16% in actual dollars. International revenue rose 21% in constant currency, and 7% in actual dollars to $137.6M. U.S. revenue rose 20% to $389M.
- Media delivery revenue (lower-margin, affected by Apple's CDN buildout) rose 12% to $241.8M; performance/security solutions (higher-margin) rose 21% to $245M, and service/support solutions 12% to $39.7M.
- Shares have fallen to $71.00 AH. They went into earnings just $1.24 away from a high of $77.31.
- Q1 results, PR
Tue, Apr. 28, 4:03 PM
Mon, Apr. 27, 5:35 PM
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Tue, Feb. 10, 5:28 PM
- Akamai (NASDAQ:AKAM) has guided on its Q4 CC (webcast) for Q1 revenue of $517M-$534M and EPS of $0.60-$0.63, in-line with a consensus of $528.4M and $0.62. A semi-cautious outlook was expected on account of forex.
- Security services (a high-margin business) remain a strong point for the CDN leader: It now has 1.7K security customers, up from nearly 800 a year ago. Media (a lower-margin business) also outperformed, thanks in part to strong gaming services demand.
- GAAP costs/expenses rose 25% Y/Y in Q4 to $400.2M (compares with 23% revenue growth). $42M was spent on buybacks.
- Shares are at $64.61 AH, putting them near a 52-week high of $65.39. Q4 results, PR.
Tue, Feb. 10, 4:03 PM
Mon, Feb. 9, 5:35 PM
Oct. 29, 2014, 6:48 PM
Oct. 29, 2014, 4:03 PM
Oct. 28, 2014, 5:35 PM
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Jul. 30, 2014, 4:56 PM
- 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
Jul. 30, 2014, 4:03 PM| 2 Comments
Jul. 29, 2014, 5:35 PM
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May 1, 2014, 4:59 PM
May 1, 2014, 4:41 PM| Comment!
Apr. 30, 2014, 5:35 PM
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