Akamai Technologies Inc. (AKAM) reported fourth quarter normalized net income of $0.54 per share after the close Wednesday, up from $0.45 per share a year ago. The consensus estimate was for EPS of $0.50. The Company also announced today that its Board of Directors has authorized a $150 million extension of its share repurchase program. The stock is now down 3.03 on 449K shares.
Akamai Technologies climbed in early trade Wednesday, but settled into a range for the bulk of the session. Shares finished up by 0.53 at $41.58 on above average volume. The stock closed near the upper end of a month and a half long range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.