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Akamai Technologies Inc (AKAM.O)

AKAM.O on Nasdaq

63.87USD
2 Dec 2016
Change (% chg)

$0.36 (+0.57%)
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Latest Key Developments (Source: Significant Developments)

Limelight, Akamai enter into licensing agreement regarding intellectual property settlement
Monday, 1 Aug 2016 09:00am EDT 

Limelight Networks Inc : Limelight and Akamai enter into licensing agreement regarding intellectual property settlement . Both parties have waived all rights to appeal, and Akamai will release $51 million letter of credit that bonded judgment . Agreement allows co to operate network free from restrictions, with respect to '703 and certain other patents . Settlement converts about $51 million judgment into a $54 million license that will be paid in 12 equal quarterly installments starting Aug 1 .Settlement converts about $51 million judgment into a $54 million license paid in 12 equal quarterly installments starting Aug 1.  Full Article

Akamai sees q3 non-GAAP EPS in range of $0.59 to $0.62
Tuesday, 26 Jul 2016 05:45pm EDT 

Akamai Technologies Inc : Says expects q3 expect q3 non-GAAP EPS in the range of $0.59 to $0.62; q3 non-gaap operating margin of 26% to 27% . Says expects q3 ebitda margins of 39% to 40%, to spend about $85 million to $93 million in q3, excluding quity compensation . Says expects q3 revenue in range of $566 million-$578 million; at midpoint of this range , y-o-y revenue growth would moderate to 4% . Q3 earnings per share view $0.66, revenue view $590.9 million -- Thomson Reuters I/B/E/S Further company coverage: [AKAM.O] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Akamai reports Q2 adj. earnings $0.64/shr
Tuesday, 26 Jul 2016 04:01pm EDT 

Akamai Technologies Inc : Akamai reports second quarter 2016 financial results . Q2 non-GAAP earnings per share $0.64 . Q2 GAAP earnings per share $0.42 . Q2 revenue $572 million versus I/B/E/S view $574.9 million .Q2 earnings per share view $0.64 -- Thomson Reuters I/B/E/S.  Full Article

Limelight Networks - Massachusetts district court final judgment in Akamai Technologies networks case
Friday, 1 Jul 2016 10:47am EDT 

Limelight Networks : Limelight Networks Inc says Massachusetts district court has entered final judgment in Akamai Technologies, Inc. Et al. v. Limelight Networks case . Limelight Networks Inc says district court reduced total damages payable by Limelight in this case to approximately $51 million . Will regain access to about $12 million of $63 million currently held in a letter of credit supporting damages award .Limelight Networks Inc says will take a charge in Q2 2016 for full amount of $51 million.  Full Article

Hotstar and Akamai renew partnership in India to scale for live sports events
Wednesday, 25 May 2016 01:08am EDT 

Akamai Technologies Inc : Hotstar and Akamai announce renewal of partnership in India to scale for live sports events .  Full Article

Akamai Technologies Inc contacted U.S. SEC, DoJ regarding internal investigation - Reuters
Monday, 29 Feb 2016 02:48pm EST 

Akamai Technologies Inc:Conducting internal investigation, with assistance of outside counsel, relating to sales practices in country outside the U.S - RTRS.Investigation includes review of compliance with requirements of U.S. foreign corrupt practices act and other laws and regulations.In February 2015, voluntarily contacted U.S. SEC and Department of Justice to advise both agencies of internal investigation.  Full Article

Akamai Technologies acquires Bloxx
Monday, 2 Nov 2015 06:00am EST 

Akamai Technologies:Has acquired Bloxx, a provider of Secure Web Gateway (SWG) technology for protecting enterprises and their employees from Internet threats, in a cash transaction.Acquisition is not material to Akamai's financials.  Full Article

U.S. court revives $45 mln patent verdict against Limelight Networks Inc for infringing Akamai Technologies Inc's patent - Reuters
Wednesday, 12 Aug 2015 08:00pm EDT 

Limelight Networks Inc:Limelight Networks Inc is responsible for infringing rival Akamai Technologies Inc's patent for managing Web images and video, a U.S. appeals court ruled on Aug.13, reviving a $45 million verdict against the company - Reuters.The U.S. Court of Appeals for the Federal Circuit in the District of Columbia said Limelight's control over its customers' use of its services to deliver media content over the Internet meant the company was liable for the infringement.Says the decision by a full slate of 10 judges on the Federal Circuit, the top U.S. patent court, vacated the same court's previous decision from May.The legal dispute dates to 2006, when Akamai accused Arizona-based Limelight of infringing on its patented technology for efficiently handling website content.  Full Article

Akamai Technologies Inc gives Q3 2015 guidance; EPS guidance below analysts' estimates
Tuesday, 28 Jul 2015 04:30pm EDT 

Akamai Technologies Inc:Expects Q3 2015 revenue to be in the range of $543-$555 million.Expects Q3 2015 non-GAAP EPS to be in the range of $0.56-$0.58.Q3 2015 revenue of $552 million and EPS of $0.62 - Thomson Reuters I/B/E/S.  Full Article

Akamai Technologies Inc and Telecom Italia to offer content delivery, web optimization solutions
Tuesday, 21 Jul 2015 07:19am EDT 

Akamai Technologies Inc and Telecom Italia:Akamai and Telecom Italia enter into partnership to offer content delivery and web optimization solutions.Says agreement also includes a direct connection between telecom italia's ip network and the global akamai platform.  Full Article

Akamai revenue rises nearly 6 percent on demand for cloud security services

Akamai Technologies Inc , whose main business helps speed up content delivery over the internet, reported a near 6 percent rise in quarterly revenue, helped by strong demand for its cloud security products.