Akamai, Groupon, Cisco: After-Hours Trading (Update 1)

Updated from 5:11 p.m. ET for latest share prices, additional information on Diamond Foods, TriQuint, iRobot and TripAdvisor.

NEW YORK (TheStreet) -- Shares of Akamai Technologies (AKAM) surged in late trades on Wednesday after the Web content delivery company waltzed past Wall Street's profit view for its fiscal fourth quarter.

The Cambridge, Mass.-based company reported normalized net income of $83 million, or 45 cents a share, for the December-ended period on revenue of $323.7 million, up 15% on a sequential basis. The average estimate of analysts polled by Thomson Reuters was for a profit of 40 cents a share in the quarter on revenue of $311.3 million.

Akamai also named James Benson chief financial officer, replacing J. Donald Sherman, who has served in the role since 2006 and is leaving to join a private company. Benson, currently senior vice president of finance at Akamai, will take over as CFO effective March 1.

The stock last quoted at $38.85, up 12.8%, on volume of 1.7 million, according to Nasdaq.com. Based on Thursday's regular-session close at $34.44, the shares are down nearly 30% in the past year, although they're up nearly 90% since scraping a 52-week low of $18.25 on Oct. 4.

"Akamai posted record results in the fourth quarter, with accelerated growth across our business." said Paul Sagan, the company's president and CEO, in a statement. "We believe our Content Delivery and Cloud Infrastructure solutions are stronger than ever, and we look forward to further enhancing our Cloud Infrastructure portfolio with the completed acquisition of Blaze and the planned acquisition of Cotendo, which may close as early as the first quarter."

Wall Street was skeptical about Akamai ahead of the report with 16 of the 25 analysts covering the stock at either hold (13), underperform (2) or sell (1), and the median 12-month price target at $33.

Check out TheStreet's quote page for Akamai for year-to-date share performance, analyst ratings, earnings estimates and much more.

Groupon

Shares of Groupon (GRPN) sold off in the extended session as the online daily deals company surprised Wall Street with a loss in its first-ever quarterly report as a public company.

Groupon posted a pro forma adjusted loss of $9.8 million, or 2 cents a share, for the three months ended Dec. 31 on revenue of $506.5 million, more than triple its revenue total in the year-ago equivalent period.

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