{"id":42131,"date":"2021-08-03T20:13:00","date_gmt":"2021-08-03T20:13:00","guid":{"rendered":"http:\/\/912a7d68-0508-4ab8-aad1-392ac7e32cea"},"modified":"2021-08-03T20:13:00","modified_gmt":"2021-08-03T20:13:00","slug":"akamai-reports-q2-report-and-outlook-top-expectations-shares-slip","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/akamai-reports-q2-report-and-outlook-top-expectations-shares-slip\/","title":{"rendered":"Akamai reports Q2 report and outlook top expectations, shares slip"},"content":{"rendered":"
<\/div>\n

Bandwidth provider Akamai Technologies this afternoon reported<\/a> Q2 revenue and profit that both topped expectations, driving by a 25% rise in security revenue. The company’s forecast for the current quarter and for the full year was also above Wall Street’s expectations.<\/p>\n

Despite the upbeat results and outlook, the report sent Akamai shares down 4% in late trading. <\/p>\n

CEO Tom Leighton called the results “excellent,” remarking that the “performance was highlighted by continued strong growth across our security solutions globally.” <\/p>\n

Added Leighton, “As the internet has become increasingly critical to consumers and businesses, our customers have turned to us more than ever to power and protect exceptional online experiences.”<\/p>\n

Revenue in the three months ended in June rose 7%, year over year, to $853 million, yielding a net profit of $1.42 a share.<\/p>\n

Analysts had been modeling $846 million and $1.38 per share.<\/p>\n

Revenue from Akamai’s security business rose by 25%, year over year, to $325 million, while its “edge technology” revenue declined by 1% to $528 million.<\/p>\n

<\/section>\n

International revenue was up 15% in the quarter, while Akamai’s U.S. revenue rose 1%. <\/p>\n

The report follows issues last month<\/a> with Akamai’s DNS servers that led to outages at major customers of Akamai, including Amazon Web Services, Microsoft, Delta Airlines, Oracle, Capital One, and AT&T. <\/p>\n

For the current quarter, the company sees revenue of $845 million to $860 million, and EPS in a range of $1.37 to $1.41. That compares to consensus for $845 million and a $1.35 profit per share.<\/p>\n

For the full year, the company sees revenue in a range of $3.42 billion to $3.45 billion, and EPS of $5.45 to $5.65. That compares to consensus of $3.43 billion and a $5.53 profit per share.<\/p>\n

Also: <\/strong>McAfee, Akamai Q1 reports top expectations on security technology growth<\/a> 
<\/strong><\/p>\n

\n

Tech Earnings<\/span> <\/h3>\n<\/p><\/div>\n

READ MORE HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Akamai said it\u2019s security revenue in the quarter rose by 25%, year over year, to $325 million.
\nREAD MORE HERE…<\/p>\n","protected":false},"author":2,"featured_media":42132,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[62],"tags":[],"class_list":["post-42131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zdnet-security"],"yoast_head":"\nAkamai reports Q2 report and outlook top expectations, shares slip 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security & Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.threatshub.org\/blog\/akamai-reports-q2-report-and-outlook-top-expectations-shares-slip\/\" \/>\n<meta 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