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Kritika Sarmah

Here's What to Expect From Akamai Technologies' Next Earnings Report

Akamai Technologies AKAM

Akamai Technologies, Inc. (AKAM), headquartered in Cambridge, Massachusetts, is a global provider of content delivery networks and cloud infrastructure services. The company's market cap stands at $14.5 billion, and its business is organized into two main divisions: Media and Carrier and Web Division. AKAM is scheduled to release its fiscal 2024 Q2 earnings results after the market closes on Thursday, Aug. 8. 

Ahead of the event, analysts expect Akamai Technologies to report a profit of $1.06 per share, up 5% from $1.01 per share in the year-ago quarter. However, the company has failed to exceed Wall Street’s EPS estimates in each of the last four quarters. Akamai Technologies’ EPS of $1.14 for the last reported quarter could not beat the consensus estimate by 2.6%. 

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