Key Developments For Akamai Technologies, Inc.
Akamai Technologies, Inc. (AKAM.O) (Nasdaq)
Akamai Technologies, Inc. Conducts Internal Probe Related To Galleon Case-DJ
Dow Jones reported that Akamai Technologies, Inc. has opened an internal investigation into the allegations that an executive at the Company provided insider information to those involved in the Galleon Group case. Federal investigators have accused an unidentified the Company executive of passing on inside information regarding the Company's quarterly results released in July 2008 to Danielle Chiesi, an employee of hedge-fund New Castle Partners LLC.
Akamai Technologies, Inc. Issues Q4, FY 2009 Guidance Above Analysts' Estimates-Conference Call
Akamai Technologies, Inc. announced that for fourth quarter of 2009, it expects revenue to be in the range of $217-$224 million, earnings per share to be in the range of $0.39-$0.41. For fiscal 2009, it expects revenue to be in the range of $838-$845 million and EPS to be in the range $1.60-$1.62. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue to be in the range of $214 million and EPS of $0.38 for fourth quarter of 2009; revenue of $827 million and EPS of $1.55 for fiscal 2009.
Akamai Technologies, Inc. Introduces Managed Internet Service for Delivery of Virtualized Applications and Desktops
Akamai Technologies, Inc. announced the first Internet service for optimizing delivery of virtualized applications and desktops. Leveraging core technology from the Akamai IP Application Accelerator solution, the new targeted offering is designed to help enterprises realize the cost efficiency, scalability and global reach inherent with the Internet to deliver applications over virtual desktop infrastructure products offered by companies such as Citrix, Microsoft, and VMware.
Delve Networks And Akamai Technologies, Inc. Collaborate To Enable Cloud-Based Video Management For Publishers
Delve Networks announced a strategic relationship with Akamai Technologies, Inc. that will enable Delve to offer customers a comprehensive and innovative video publishing solution that includes video management and delivery including support of next generation variable bit rate streaming technologies.
Akamai Technologies, Inc. Issues Q3 2009 Outlook Below Analysts' Estimates; Comments On Q4 2009 Revenue Outlook-Conference Call
Akamai Technologies, Inc. announced that for the third quarter of 2009, it expects revenue to be the range of $195 million to $203 million and normalized earnings per share (EPS) of $0.33 to $0.36. The Company also announced that for the fourth quarter of 2009, it expects top line sequential growth to be roughly similar to fourth quarter of 2008, where the Company grew by about $15 million sequentially. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $0.38 on revenue of $215 million for the same period.
