AKAM Akamai Technologies, Inc. featured news, full reports, and detailed charts
Akamai Technologies, Inc. (AKAM) Wrap Up:
This annual report on Form 10-K contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of our management based on information currently available to them. Use of words such as “believes,” “continues,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “should,” “likely” or similar expressions indicates a forward-looking statement. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from the forward-looking statements include, but are not limited to, those set forth under the heading “Risk Factors.” We disclaim any obligation to update any forward-looking statements as a result of new information, future events or otherwise. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f02%2f29%2f0001193125-08-043671.html#FIS_BUSINESS"Akamai Technologies Inc. (AKAM:NASDAQ)
Snapshot of Akamai Technologies Inc. (AKAM)
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OPEN
$24.32
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PREVIOUS CLOSE
$24.25
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DAY HIGH
$24.32
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DAY LOW
$23.78
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52 WEEK HIGH
11/16/09 - $25.19
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52 WEEK LOW
11/20/08 - $9.25
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MARKET CAP
4.1B
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AVERAGE VOLUME 3 mo
3.9M
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DILUTED EPS TTM
$0.79
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SHARES OUTSTANDING
171.3M
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AKAM Does Not Pay Dividends
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P/E TTM
30.4x
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AKAM Top Compensated Officers
Executives, Board Directors
Key developments for Akamai Technologies Inc. (AKAM)
Akamai Technologies Inc. and iStreamPlanet Co. have been selected to work with Microsoft Corp. to provide an integrated, end-to-end solution to deliver live and on-demand video online for NBC during the network's coverage of the Vancouver Olympic Winter Games, February 12-28. The solution will leverage Microsoft IIS Smooth Streaming to deliver an uninterrupted, high-quality streaming experience to online audiences via Microsoft Silverlight-based media players. iStreamPlanet will be providing turnkey satellite downlink encoding and production services to the Smooth Streaming for Silverlight format and the video will be delivered to online audiences over the Akamai HD Network. iStreamPlanet will be encoding 23 video feeds including nine venue feeds, four broadcast feeds, one Olympic News Channel, six Beauty Cams, two Victory Ceremonies and one Press Conference. iStreamPlanet is collaborating with Akamai on the content ingestion and publishing points management architecture to make sure all created content is delivered in the possible quality. The Akamai HD Network offers adaptive bitrate streaming capabilities across playback formats that are specifically optimized to work with Akamai's HD EdgePlatform for the most consistent video bitrate switching designed to enable an instant and uninterrupted viewing experience for consumers even at the bitrates. Leveraging Akamai's entire HTTP footprint, video over Akamai's HD Network is delivered from servers closer to audiences around the world.
Akamai Technologies Inc. reported unaudited consolidated earnings results for the third quarter ended September 30, 2009. Revenue for the third quarter 2009 was $206.5 million, a 5% increase over third quarter 2008 revenue of $197.3 million, and a 1% increase from second quarter 2009 revenue of $204.6 million. Net income in accordance with United States Generally Accepted Accounting Principles, or GAAP, for the third quarter of 2009 was $32.7 million, or $0.18 per diluted share, a 2% decrease over third quarter 2008 GAAP net income of $33.4 million, or $0.18 per diluted share, and a 9% decrease from second quarter 2009 GAAP net income of $36.0 million, or $0.19 per diluted share. Cash from operations was $105 million in the third quarter of 2009. Income before income tax provision was $52.9 million against $56.9 million a year ago. Operating income was $50.7 million against $51.7 million a year ago. Purchases of property and equipment and capitalization of internal-use software costs was $31.2 million against $36.4 million a year ago. Total Adjusted EBITDA was $95.9 million against $90.5 million a year ago. For the nine months period, the company reported net income of $105.8 million or $0.57 per diluted share on revenue of $621.5 million against net income of $104.6 million or $0.56 per diluted share on revenue of $578.4 million reported a year ago. Income before income tax provision was $172.7 million against $174.5 million a year ago. Operating income was $161.2 million against $157.4 million a year ago. Year-to-date cash from operations was $300 million, an increase of 19% over the same period last year. Purchases of property and equipment and capitalization of internal-use software costs was $78.9 million against $94.9 million a year ago. Total Adjusted EBITDA was $293.6 million against $270.4 million a year ago.
Akamai Technologies Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).
AKAM Competitors
| Company | Last | Change |
| Equinix Inc | $94.95 USD | -0.39 |
| F5 Networks Inc | $46.91 USD | -1.46 |
| MICROS Systems Inc | $28.63 USD | -0.37 |
| Red Hat Inc | $27.09 USD | -0.78 |
| VeriSign Inc | $21.56 USD | -0.32 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | AKAM | Industry Range |
| Price/Earnings | 30.6x |
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| Price/Sales | 4.9x |
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| Price/Book | 2.4x |
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| Price/Cash Flow | 25.2x |
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| TEV/Sales | 4.0x |
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AKAM |
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AKAM transactions
| Type Date |
Target |
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Bankruptcy
July 30, 2009 |
Conenza, Inc. |
More Recent News About Akamai Technologies, Inc.
More news for AKAM
AKAMAI TECHNOLOGIES INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue206,500 204,600 210,368 212,554 Cost of Revenue61,987 60,009 60,362 60,688 Gross Profit144,513 144,591 150,006 151,866 Operating ExpensesResearch Development10,904 9,378 10,856 10,477 Selling General and Administrative78,761 76,581 78,338 80,389 Non Recurring - - 454 2,509 Others4,103 4,238 4,239 3,651 Total Operating Expenses - - 93,887 97,026 Operating Income or Loss50,745 54,394 56,119 54,840 Income from Continuing OperationsTotal Other Income/Expenses Net2,858 4,348 6,329 5,954 Earnings Before Interest And Taxes53,603 58,742 62,448 60,794 Interest Expense710 710 710 721 Income Before Tax52,893 58,032 61,738 60,073 Income Tax Expense20,148 22,025 24,657 19,540 Minority Interest - - - - Net Income From Continuing Ops32,745 36,007 37,081 40,533 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Ch...Click here to read the whole Article (external link)
AKAMAI TECHNOLOGIES INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations This quarterly report on Form 10-Q, particularly Management's Discussion and Analysis of Financial Condition and Results of Operations set forth below, and notes to our unaudited consolidated financial statements included herein contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties and are based on the beliefs and assumptions of our management as of the date hereof based on information currently available to our management. Use of words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "should," "forecasts," "if," "continues," "goal," "likely" or similar expressions indicates a forward-looking statement. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions. Actual results may differ materially from the forward-looking statements we make. See "Risk Factors" elsewhere in this quarterly report on Form 10-Q for a discussion of certain risks associated with our business. We disclaim any obligation to update forward-looking statements as a result of new information, future events or otherwise. We provide services for accelerating and improving the delivery of content and applications over the Internet. We primarily derive income from the sale of services to customers executing contracts with terms of one year or longer, which we refer to as recurring revenue contracts or long-term contracts. These contracts generally commit the customer to a minimum monthly level of usage with additional charges applicable for actual usage above the monthly minimum. In recent years, however, we have entered into increasing numbers of customer contracts that have minimu...Click here to read the whole Article (external link)
Tom Adams named E&Y entrepreneur of the year
Ernst & Young LLP has been named Rosetta Stone Inc. President and CEO Tom Adams its national entrepreneur of the year. Adams was selected for his leadership in building and growing Arlington-based Rosetta Stone, which sells language teaching software, into an international market leader. Rosetta Stone has doubled its size since 2007, it went public in April during a drought of initial public offerings and the company earned net income of $5.3 million in its most recent quarter ended Sept. 30. The company has major offices in four countries and sells software for teaching 31 different languages. Currently about 10,000 schools are using Rosetta Stone’s programs in the United States. “Tom Adams’ efforts at Rosetta Stone have helped change the way the world learns languages, a critical skill in today’s global economy,” said James Turley, chairman and CEO of Ernst & Young. Adams, born in Sweden and schooled in the United Kingdom, joined a company called Fairfield Language Technologies as its CEO in 2003. He revamped the small, family-owned business’s business model, its sales force and research and development teams. Adams moved the company to the Washington area and gave it a new name— Rosetta Stone, for the 19th century artifact that allowed scholars to translate Egyptian hieroglyphics. Adams— fluent in Swedish, English and French — has led its international growth since then. Adams was dubbed the top entrepreneur on Sunday at the firm’s award ceremony in Palm Springs, Calif. The event follows regional awards given to about 400 business leaders across the country. Ernst and Young has been recognizing...Click here to read the whole Article (external link)
Akamai President & CEO Paul Sagan Named Ernst & Young LLP Entrepreneur Of The Year® 2009 Award National Winner in Technology Category
CAMBRIDGE, Mass.--(BUSINESS WIRE)--Akamai Technologies, Inc. (NASDAQ: AKAM - News® 2009 Award in the Technology category. Ernst & Young’s program recognizes outstanding entrepreneurs who have built and lead dynamic, high-growth businesses on a regional, national and global level. Paul Sagan was selected as a national winner from more than 300 regional Entrepreneur Of The Year® winners in over 25 U.S. cities. The national award winners were announced at an awards gala on Saturday in Palm Springs, California. The gala is the culminating event of the Ernst & Young 2009 Strategic Growth Forum, the nation’s most prestigious gathering of high-growth, market-leading companies. This group of outstanding entrepreneurs was selected by an independent judging panel made up of business, community and academic leaders.®®, Ernst & Young LLP. “Our economy depends on these entrepreneurs. They build businesses, support their local communities and drive innovation and development in the economy at large.â€Â®rd anniversary. Since 1986, the program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world. Awards are given to entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance and personal commitment to their businesses and communities.Akamai also received th...Click here to read the whole Article (external link)