Akamai (AKAM +10%) continues to surge on account of its Q4 beat and healthy top-line guidance -...

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

Akamai (AKAM +10%) continues to surge on account of its Q4 beat and healthy top-line guidance - likely proof that its recent price cuts are having an effect. During its earnings call, Akamai noted media & entertainment sales, for which it has faced tough price competition, rose 17% Q/Q. Nonetheless, Akamai's gross margin rose for the first time in 7 quarters, and Wells Fargo believes its margin forecasts are probably conservative.