NEW YORK ( TheStreet) -- Shares of Akamai Technologies ( AKAM) tanked in Wednesday's after-hours session after the company wasn't able to find a silver lining in the cloud in its latest quarter.

Akamai's second-quarter profit came in a penny short of Wall Street expectations as revenue barely grew on a sequential basis. The stock was last quoted at $25.45, down nearly 14%, on late volume of 2.5 million, according to Nasdaq.com.

For the three months ended June 30, Akamai posted normalized net income of $65.8 million, or 35 cents a share, with revenue of $277 million, essentially flat with its first-quarter total of $276 million.

The average estimate of analysts polled by Thomson Reuters was for earnings of 36 cents a share in the June period on revenue of $277.8 million.

Akamai, a Cambridge, Mass.-based Web content delivery technology company that's looking to benefit from the cloud-computing push, saw its stock fall 4% in Wednesday's regular session to $29.48, putting the shares down 35% so far in 2011 before the after-hours selloff.

Green Mountain Coffee Roasters

Shares of Green Mountain Coffee Roasters ( GMCR) jumped nearly 19% in late trades after the company topped Wall Street's profit expectations by more than 35% in the latest quarter amid soaring consumer demand and successful price increases.

The stock was last quoted at $104.49, up $16.38, on volume of more than 1 million, after the Waterbury, Vt.-based coffee company reported a non-GAAP profit of $75.7 million, or 49 cents a share, for its fiscal third quarter ended June 25 as sales rose more than 127% year-over-year to $717.2 million.

The performance was well ahead of the average estimate of analysts polled by Thomson Reuters was for earnings of 36 cents a share in the June-ended period on revenue of $606.7 million.

The surge in the after-hours session pushed Green Mountain shares above a previous 52-week high of $96.81 set on July 8.

TriQuint Semiconductor

Shares of TriQuint Semiconductor ( TQNT) dropped 18% to $8.22 on volume of more than 1 million after Wednesday's closing bell after the chip maker posted an in-line profit for its fiscal second quarter but fell short on revenue.

Hillsboro, Ore.-based TriQuint also gave a weak view for its fiscal third quarter ending in September, forecasting non-GAAP earnings of 16 to 18 cents a share on revenue ranging from $225 million to $235 million. The current average estimate of analysts polled by Thomson Reuters is for earnings of 25 cents a share in the quarter on revenue of $267.3 million.

Wall Street was pretty bullish on TriQuint, which noted "short-term headwinds" in its press release on the quarter, with eight of the 11 analysts covering the stock at either strong buy (1) or buy (7).

Year-to-date, the stock was down 9% ahead of the report, although it's up more than 45% in the past year. Since hitting a 52-week high of $15.20 on Feb. 17, the shares were down 33% based on Wednesday's regular session close at $10.21.

Other stocks seeing heavy action in Wednesday's late trades included Crocs ( CROX), which was up 9% after it topped Wall Street's profit view by 40% in its latest quarter and said it was optimistic about back-to-school sales; Shutterfly ( SFLY), down nearly 7% after the company gave a below-consensus revenue view for its fiscal third quarter; and Citrix Systems ( CTXS), which fell 5% after hinting at weakness in its third quarter by forecasting a non-GAAP profit of 56 to 58 cents a share compared to the current consensus view of 61 cents.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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