New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 7, 2013
12:21 EDTLLNW, AKAMLimelight falls after competitor Akamai disappoints Street
Internet content delivery network Limelight Networks (LLNW) is declining after its larger competitor, Akamai Technologies (AKAM), reported lower than expected fourth quarter revenue, and predicted that sales for the current quarter would also come in below expectations. Akamai's earnings per share in the fourth quarter, excluding certain items, beat expectations. The company predicted that its earnings during the current quarter would also surpass analysts' expectations. However, Akamai noted that the guidance for its current quarter factors in a lower tax rate, driven by an R&D tax credit. Moreover, Akamai's guidance implies that its revenue growth will slow during the current quarter. In a note to investors earlier today, Jefferies analyst Aaron Schwartz downgraded Akami to Hold from Buy. Akamai intends to increase its expenditures much more than expected, the analyst wrote. This development, along with the decline in the company's revenue growth, is likely to keep the stock from advancing significantly in the near term, according to Schwartz. In early afternoon trading, Limelight retreated 4% to $2.30, while Akamai tumbled 15.5% to $35.
News For LLNW;AKAM From The Last 14 Days
Check below for free stories on LLNW;AKAM the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
April 23, 2014
06:43 EDTAKAMAkamai reports DDoS attack traffic up 75% year-over-year
Akamai released its Q4 State of the Internet Report. Based on data gathered from the Akamai Intelligent Platform. In Q4, more than 780M IPv4 addresses from 238 unique countries/regions connected to the Akamai Intelligent Platform. This translates to nearly 3% more than in tQ3 and 10% more than in 4Q12. Quarterly growth was also seen in eight of the top 10 countries/regions, with the greatest increase once again seen in Brazil, which added nearly 8%. Average connection speeds in top 10 countries/regions now at/above the "high broadband" threshold of 10 Mbps. Global average peak connection speed experiences 38 percent growth in 2013; Hong Kong tops list with highest average peak connection speed of 68 Mbps.
April 22, 2014
07:56 EDTLLNWLimelight Networks announces partnership with NeuLion
Subscribe for More Information
April 14, 2014
07:06 EDTAKAMU.S. Geospatial Intelligence Foundation to hold a symposium
GEOINT 2013 Symposium, originally scheduled for October 2013, is being held in Tampa, Florida on April 14-17.
April 10, 2014
10:00 EDTAKAMOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
07:19 EDTAKAMAkamai upgraded to Buy from Neutral at B. Riley
Subscribe for More Information
06:00 EDTAKAMAkamai upgraded to Buy from Neutral at B. Riley
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use