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Valued at $13.7 billion by market cap Cambridge, Massachusetts-based Akamai Technologies, Inc. (AKAM) provides cloud computing, security, and content delivery services in the United States and internationally. Akamai makes it easy for businesses to develop and run applications while keeping experiences closer to users and threats farther away.
The tech major is gearing up to announce its fourth-quarter results after the market closes on Thursday, Feb. 20. Ahead of the event, analysts expect Akamai to report a non-GAAP profit of $1.01 per share, down 14.4% from $1.18 per share reported in the year-ago quarter. While the company has matched Wall Street’s earnings projections once over the past four quarters, it has missed the estimates on three other occasions. Its adjusted EPS for the last reported quarter increased 7.1% year-over-year to $1.05 but missed the consensus estimates by 4.6%.
