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Here's What Key Metrics Tell Us About Akamai Technologies (AKAM) Q2 Earnings
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Akamai Technologies (AKAM - Free Report) reported $979.58 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.7%. EPS of $1.58 for the same period compares to $1.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $976.44 million, representing a surprise of +0.32%. The company delivered an EPS surprise of +2.60%, with the consensus EPS estimate being $1.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Akamai Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- International
: $470.88 million compared to the $468.07 million average estimate based on two analysts. The reported number represents a change of +3.3% year over year.
Revenues- United States
: $508.70 million versus $509.92 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.
Revenue- Security
: $498.71 million compared to the $499.27 million average estimate based on seven analysts. The reported number represents a change of +15.2% year over year.
Revenue- Compute
: $151.47 million versus $148.72 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +23.1% change.
Revenue- Delivery
: $329.40 million compared to the $328.42 million average estimate based on seven analysts. The reported number represents a change of -13.3% year over year.
Shares of Akamai Technologies have returned -1.2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Here's What Key Metrics Tell Us About Akamai Technologies (AKAM) Q2 Earnings
Akamai Technologies (AKAM - Free Report) reported $979.58 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.7%. EPS of $1.58 for the same period compares to $1.49 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $976.44 million, representing a surprise of +0.32%. The company delivered an EPS surprise of +2.60%, with the consensus EPS estimate being $1.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Akamai Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Akamai Technologies here>>>Revenue- International
: $470.88 million compared to the $468.07 million average estimate based on two analysts. The reported number represents a change of +3.3% year over year.Revenues- United States
: $508.70 million versus $509.92 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6% change.Revenue- Security
: $498.71 million compared to the $499.27 million average estimate based on seven analysts. The reported number represents a change of +15.2% year over year.Revenue- Compute
: $151.47 million versus $148.72 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +23.1% change.Revenue- Delivery
: $329.40 million compared to the $328.42 million average estimate based on seven analysts. The reported number represents a change of -13.3% year over year.Shares of Akamai Technologies have returned -1.2% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.