Key Developments: Akamai Technologies Inc (AKAM.O)
47.89USD
20 May 2013
$0.40 (+0.84%)
$47.49
$47.49
$48.22
$47.40
1,728,850
3,567,256
$48.47
$25.90
Latest Key Developments (Source: Significant Developments)
Akamai Technologies Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates-Conference Call
Akamai Technologies Inc announced that for the second quarter of 2013, it expects revenues to be in the range of $368-378 million and non-GAAP EPS to be in the range of $0.44-0.46. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $363 million and EPS of $0.45 for the second quarter of 2013. Full Article
KT And Akamai Technologies Inc Expands Strategic Partnership
KT and Akamai Technologies Inc announced that the companies will expand their strategic partnership. KT has agreed to leverage technology from Akamai to provide CDN services to its customers in Korea. Using Akamai's Aura Managed CDN, KT will have dedicated CDN capacity that is available for its own content applications or third party CDN services. Under the new expanded partnership, KT will be equipped to address the explosion of online multimedia traffic resulting from a range of connected devices, changing viewer habits, and social networking. This partnership combines Korea's worldwide broadband penetration rates with Akamai's CDN technology, enabling KT to provide content providers and broadband subscribers with a new level of service. Full Article
Swisscom AG And Akamai Technologies, Inc Enter Into Strategic Partnership
Swisscom AG and Akamai Technologies, Inc. announced a strategic partnership focused on the growing content delivery, web application acceleration and cloud security market. Under the terms of the agreement, both companies have agreed to invest in joint go-to-market capabilities including sales, customer support and marketing resources to pursue new opportunities in Switzerland. Full Article
Akamai Technologies Inc Reaffirms Q1 2013 Guidance
Akamai Technologies Inc announced that for the first quarter of 2013, it continues to expect revenue in the range of $352 million to $362 million, normalized net income per diluted share in the range of $0.50 to $0.52 and non-GAAP net income per diluted share in the range of $0.45 to $0.47. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $357 million for first quarter of 2013. Full Article
Akamai Technologies Inc Issues Q1 2013 Mixed Guidance-Conference Call
Akamai Technologies Inc announced that for first quarter of 2013, it expects revenue to be in the range of $352 million to $362 million and normalized earnings per share (EPS) in the range of $0.50-$0.52. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $363 million and EPS of $0.49 for first quarter of 2013. Full Article
Akamai Technologies IncAnnounces CEO Succession
Akamai Technologies Inc announced that the Akamai Board of Directors has elected company Co-Founder and Chief Scientist, Dr. Tom Leighton to become CEO of Akamai effective January 1, 2013. He will succeed Paul Sagan who announced earlier this year that he intended to step down as chief executive by the end of 2013. Dr. Leighton and Mr. Sagan will remain Akamai directors, and Mr. Sagan will become a senior advisor to the Company, working with Dr. Leighton on business strategy and to ensure a smooth management transition. Full Article
Akamai Technologies Inc and AT&T Inc Forge Global Strategic Alliance to Provide Content Delivery Network Solutions
Akamai Technologies Inc and AT&T Inc announced a strategic alliance to deliver a global suite of content delivery network (CDN) solutions to companies. Under the terms of the agreement, Akamai will deploy CDN servers at the edge of AT&T's IP network and in AT&T facilities throughout the United States . With the deployment of Akamai's CDN infrastructure within AT&T's network infrastructure, end customers are expected to benefit from more efficient content routing and better delivery of digital content, video and Web applications, resulting in a better end-user experience. AT&T will transfer its existing CDN operations, customers and service to the Akamai platform in 2013. The companies have also agreed to dedicate shared resources including technical support, customer care, marketing and professional services support. Full Article
Akamai Technologies Inc Completes Acquisition of Verivue
Akamai Technologies Inc announced that it has completed its acquisition of Verivue, a privately held company based in Westford, Massachusetts that provides licensed content delivery network (CDN) infrastructure solutions for network operators. On November 13, 2012, Akamai announced a definitive agreement between the parties pursuant to which Akamai would acquire Verivue in a cash transaction. Full Article
Akamai Technologies Inc To Acquire Verivue
Akamai Technologies Inc and Verivue announced that the two companies have signed a definitive agreement for Akamai to acquire Verivue in a cash transaction. The acquisition is expected to complement Akamai's Aura Network Solutions and accelerate Akamai's time to market in providing a comprehensive, licensed content delivery network (CDN) solution for network operators. Financial terms were not disclosed. Full Article
Akamai Technologies Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates-Conference Call
Akamai Technologies, Inc. announced that for the fourth quarter of 2012, it expects revenue to be in the range of $373-$385 million and normalized earnings per share (EPS) to be in the range of $0.48-0.50. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $378 million and EPS of $0.49 for the fourth quarter of 2012. Full Article
Blue Harbour's Robbins likes Akamai, CACI
NEW YORK, May 8 - Clifton Robbins, chief executive of Blue Harbour Group, urged investors at the Sohn Conference in New York on Wednesday to consider web services provider Akamai Technologies and CACI International, an IT solutions provider for homeland security and government, as long-term investments.
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