What to Watch For in Akamai's Q3 Earnings Report
Oct 21st 2013 9:30PM
Updated Oct 21st 2013 9:32PM
Akamai Technologies is likely to post another strong quarter when the company reports earnings on Wednesday, Fool contributor Tim Beyers says in the following video.
The stock has been on a roll, with Akamai beating earnings estimates in recent quarters. High levels of video streaming activity have aided growth, as has an increased interest in using the Akamai network and its Kona Site Defender to provide an additional layer of network security.
Last quarter, security revenue grew 19% year over year and 7% sequentially versus 14% for the entire company. This time around, analysts are looking for $387.5 million in revenue, a 12% jump, and $0.46 in adjusted earnings per share, an 18% year-over-year improvement, according to data supplied by Yahoo! Finance.
Recent history says to expect beats on both the top and bottom lines, though Tim's greater interest is in what progress Akamai has made in putting its acceleration technology into most of the world's Internet-connected devices.
Do you agree? What do you expect from Akamai's Q3 earnings report? Please watch the video to get Tim's full take, and then leave a comment to let us know where you stand.
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The article What to Watch For in Akamai's Q3 Earnings Report originally appeared on Fool.com.Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team and the Motley Fool Supernova Odyssey I mission. He didn't own shares of any of the companies mentioned in this article at the time of publication. Check out Tim's Web home and portfolio holdings, or connect with him on Google+, Tumblr, or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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