Akamai Technologies: Q3 Earnings Insights

Akamai Technologies AKAM reported its Q3 earnings results on Tuesday, November 2, 2021 at 04:00 PM.

Here's what investors need to know about the announcement.

Akamai Technologies their estimated earnings by 4.32%, reporting an EPS of $1.45 versus an estimate of $1.39, which did not surprise analysts.

Revenue was up $67,488,000 from the same period last year.

Last quarter the company beat on EPS by $0.04, which was followed by a 6.18% drop in the share price the next day.

Here's a look at Akamai Technologies's past performance:

Quarter	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	1.38	1.30	1.31	1.23
EPS Actual	1.42	1.38	1.33	1.31
Revenue Estimate	845.36M	829.61M	829.46M	775.18M
Revenue Actual	852.82M	842.71M	846.29M	792.85M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Akamai Technologies management provided guidance for their next quarter, expecting earnings between $1.37 and $1.41 per share for the nextquarter.

This represents a -4.14% in quarter-over-quarter growth for Akamai Technologies, a bearish signal to many investors.

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