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April 28, 2020, 4:12 p.m. EDT

Akamai stock ticks higher after earnings beat

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By Wallace Witkowski

AKAM

Akamai Technologies Inc. /zigman2/quotes/203072268/composite AKAM +1.76% shares rose in the extended session Tuesday cybersecurity company's quarterly results topped Wall Street estimates. Akamai shares rose 1.1% after hours, following a 1.1% decline in the regular session to close at $101.93. The company reported first-quarter net income of $123.2 million, or 75 cents a share, compared with $107.1 million, or 65 cents a share, in the year-ago period. Adjusted earnings were $1.20 a share. Revenue rose to $764.3 million from $706.5 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.16 a share on revenue of $749.8 million.

/zigman2/quotes/203072268/composite
US : U.S.: Nasdaq
$ 112.44
+1.94 +1.76%
Volume: 1.18M
July 31, 2020 4:00p
P/E Ratio
34.11
Dividend Yield
N/A
Market Cap
$18.25 billion
Rev. per Employee
$361,015
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