This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here, Akamai: After-Hours Trading

NEW YORK ( TheStreet) -- Shares of (ACOM) rose in late trades Wednesday after the company handily beat Wall Street's earnings expectations and agreed to acquire privately held for $100 million.

The Provo, Utah-based company said its subscriber base stood at 1.87 million as of March 31, up 16% year-over-year, and announced a new $100 million buyback program as well.

For the first quarter, said it earned $13.5 million, or 30 cents a share, on revenue of $108.5 million, besting the average estimate of analysts polled by Thomson Reuters for a profit of 23 cents a share on revenue of $107.4 million.

The stock was last quoted at $26.99, up 10.4%, on volume of nearly 90,000, according to also forecast revenue of $115 million to $117 million for the second quarter with subscribers rising to a range of 1.965 million to 1.980 million. For the full year, it sees revenue of $460 million to $470 million with between 1.965 million and 1.985 million subscribers.

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

Akamai Technologies

Shares of Akamai Technologies (AKAM - Get Report) fell in the extended session after the content delivery technology company reported above-consensus quarterly results but announced Paul Sagan, its president and CEO, is leaving at the end of 2013.

The Cambridge, Mass.-based company posted normalized earnings of $75 million, or 41 cents a share, on revenue of $319 million. The average estimate of analysts polled by Thomson Reuters was for a profit of 38 cents a share on revenue of $310.7 million.

Akamai also said its board has approved the repurchase of up to $150 million worth of its common stock.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TQNT $80.94 -1.47%
AKAM $49.91 0.00%
CRUS $35.84 0.00%
CROX $8.36 0.00%
AAPL $95.18 0.00%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs