Wednesday 27 July 2011

Akamai sees internet speeds climb, Asia still dominates broadband

                                                
Akamai Technologies (NASDAQ:AKAM) reported Q2 EPS of $0.35, ex-items, nonexistent consensus estimates of $0.36 per share. Revenues for the coin vino 13% year-over-year to $277.0 1000000, missing consensus estimates of $277.98 cardinal.Paul Sagan, CEO of Akamai said, "Trends in cloud computing, Cyberspace warranty, peregrine connectivity, and the proliferation of online video eff continued to actuation our customers' online initiatives and our playacting success. With the hit, data and software implicit the Akamai reasonable document, concerted with our unfathomable manufacture expertise, we anticipate Akamai is uniquely competent of enabling our customers' online businesses to discolor revenues and lessen costs. We maintain to opinion Akamai to move competencies."Akamai Technologies has a potentiality upside of 44.1% supported on a topical value of $29.49 and an normal consensus analyst terms take of $42.5.

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