CNET también está disponible en español.

Ir a español

Don't show this again

AOC starts Twitch channel 2020 Orionid meteor shower Walmart Black Friday Stimulus negotiations Fauci warns against thinking pandemic is nearly over Control Game of Thrones star in live game iPhone 12 and 5G

Akamai posts smaller-than-expected loss in 2Q

Akamai Technologies posted a smaller-than-expected loss in its second quarter Monday, losing $43.4 million, or 50 cents a share, on sales of $18.1 million.

First Call Corp. consensus expected it to lose 57 cents a share in the quarter.

Ahead of the earnings report, Akamai (Nasdaq: AKAM) shares closed off 9 1/8 to 107 7/8.

The $18.1 million in sales represents a 151 percent improvement from the first quarter when it posted a loss of $24.2 million, or 32 cents a share, on sales of $7.2 million. In the year-ago quarter, it recorded sales of $400,000.

"Akamai continues to sustain its market-leading position by succeeding in our three strategic core areas--customer growth, network partnerships, and technology development--as this quarter's strong financial results and other metrics demonstrate," said CEO George Conrades in a prepared release.

In the quarter, Akamai's customer base surged to 2,100 signed customers, including 895 customers under recurring contracts.

Akamai shares soared up to a 52-week high of 345 1/2 in December before falling to a low of 56 5/8 in May.

All nine analysts tracking the stock rate it either a "buy" or "strong buy."

Analysts predict Akamai will report a loss of $2.12 a share in the fiscal year.