Key Developments: Akamai Technologies Inc (AKAM.O)

AKAM.O on Nasdaq

63.20USD
19 Dec 2014
Price Change (% chg)

$0.70 (+1.12%)
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Latest Key Developments (Source: Significant Developments)

Marathon Patent Group Inc's wholly owned subsidiary CRFD Research, Inc., files patent infringement lawsuits against AT&T, Comcast, DirecTV, Akamai Technologies and several other companies
Friday, 17 Jan 2014 06:51pm EST 

Marathon Patent Group Inc:Says that its wholly-owned subsidiary CRFD Research, Inc., has filed patent infringement lawsuits against AT&T, Comcast, DirecTV, Time Warner Cable, Dish Networks, Cox Communications, Level 3 Communications, Akamai Technologies, Cablevision and Limelight Networks.Says CRFD Research has filed ten patent infringement lawsuits in the United States District Court for the District of Delaware.Says CRFD Research is asserting infringement related to U.S. Patent numbers 7,191,233, entitled 'System for automated, mid-session, user-directed, device-to-device session transfer system', and U.S. Patent numbers 7,574,486, entitled 'Web Page Content Translator.Says Mishcon de Reya New York LLP has been retained as litigation counsel.  Full Article

Akamai Technologies Inc announces acquisition of Prolexic - Form 8-K
Monday, 2 Dec 2013 04:15pm EST 

Akamai Technologies Inc:Says on Dec. 2, it, entered into an agreement and plan of merger by and among Akamai, Panther Acquisition Corp., and a wholly-owned subsidiary of Akamai (Sub), Prolexic Technologies, Inc., certain principal shareholders of Prolexic and a representative of the selling equity holders of Prolexic.Says to acquire all of the outstanding equity of Prolexic for a net cash payment of approximately $370 million.Says pursuant to the merger agreement, Sub will merge with and into Prolexic, with Prolexic continuing as the surviving corporation and a subsidiary of Akamai.Says under the merger agreement, 12.5 percent of the Cash Consideration will be deposited in an escrow account at Closing to secure certain indemnification and other obligations of the equity holders to Akamai.  Full Article

Akamai Technologies Inc Acquires Velocius Networks
Monday, 11 Nov 2013 06:30am EST 

Akamai Technologies Inc announced that it has acquired Velocius Networks, a provider of quality of service (QoS) technology for optimizing application traffic across enterprise networks, in a cash transaction. Financial terms of the transaction were not disclosed.  Full Article

Akamai Technologies Inc Issues Q4 2013 EPS Guidance; Revenue Guidance Above Analysts' Estimates-Conference Call
Wednesday, 23 Oct 2013 04:30pm EDT 

Akamai Technologies Inc announced that fourth quarter of 2013, it expects revenue in the range of $412 million to $430 million and non-GAAP EPS in the range of $0.49 to $0.53. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $313 million and EPS of $0.52 for the fourth quarter of 2013.  Full Article

Akamai Technologies Inc Issues Q3 2013 Guidance In Line With Analysts' Estimates-Conference Call
Monday, 29 Jul 2013 02:00pm EDT 

Akamai Technologies Inc announced that for the third quarter of 2013, it expect revenue in the range of $380 million to $392 million and expect non-GAAP EPS in the range of $0.44 to $0.47. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $387 million and EPS of $0.47 for the second quarter of 2013.  Full Article

Akamai Technologies Inc Issues Q2 2013 Guidance; Revenue Guidance Above Analysts' Estimates-Conference Call
Wednesday, 24 Apr 2013 04:30pm EDT 

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
Tuesday, 26 Mar 2013 08:00pm EDT 

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
Thursday, 14 Mar 2013 07:39am EDT 

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
Monday, 11 Mar 2013 11:52am EDT 

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
Wednesday, 6 Feb 2013 09:30pm EST 

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 expects strong U.S. dollar to weigh on fourth-quarter revenue

- Akamai Technologies Inc , whose service helps speed up delivery of Web content, said a stronger U.S. dollar would hurt revenue growth in the current quarter, sending its shares down as much as 5 percent in after-market trade.

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