Akamai Q3 Not Horrible - Henry Blodget

Sign Up | Log In | What is SocialPicks?

Akamai Q3 Not Horrible
Oct 29, 2009 12:53 AM UTC

Henry Blodget

Return	Risk
+7.48%	MID

Tracked Blogger

Profile & Performance

Subscribe to author

Symbol	Sentiment	Start	Return	Closed
AP	n/a

Via Silicon Alley Insider:

CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. said Wednesday that its third-quarter profit slipped 2 percent as higher costs and operating expenses bit into revenue growth.

The results beat analyst estimates, though, and shares of the company — which provides technology for managing Web traffic — rose $2.04, or 10.1 percent, to $22.20 in after-hours trading.

Read the rest of this story »

Read the rest of original post »

Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.