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. Revenues increased 17 percent to $377.87 million from $323.74 million in the same quarter last year, but missed the consensus estimate of $381.32 million.
The Company also announced today that its Board of Directors has authorized a $150 million extension of its share repurchase program.
Akamai Technologies gapped open sharply lower Thursday, but traded in a narrow range throughout the session. Shares finished down by 6.32 at $35.26 on the highest volume of the year. The stock dropped to a 2-month low and fell below its 50 and 200-day moving averages.
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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.