Akamai soars after earnings beat

Content delivery network Akamai is up as much as 13 percent at Tuesday’s open after crushing earnings.
Akamai reported quarterly revenue of $670 million compared to $664 million analysts expected, according to Refinitiv. It also beat estimates on earnings per share by 11 cents, reporting 94 cents per share.
Akamai’s technology allows for speedier video streaming, e-commerce transactions and software downloads. It has more recently expanded into security products, where it saw a 37 percent increase in cloud-security revenue this quarter.

The post Akamai soars after earnings beat appeared first on USNewsRank.

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