Akamai Technologies Inc. (NASDAQ: AKAM) CEO F. Thomson Leighton recently bought $1.0425 million worth of AKAM common stock.
AKAM shares are down 0.26% to $34.92 in trading today on volume of 663,119. For the week, the stock has gained 0.66%. AKAM shares have struggled so far this year, falling more than 14% even as the Nasdaq has gained more than 7%. In the last one year, AKAM shares have fallen more than 4%, compared to a gain of 5.65% for the Nasdaq.
Based in Cambridge, Massachusetts, Akamai Technologies is a provider of content delivery and cloud infrastructure services for the delivery of content and applications over the Internet. The company offers private content delivery networks, Internet-based delivery of applications, software distribution capabilities, real-time ad targeting solutions, content targeting technology and enhanced security features.
Akamai Technologies reported its most recent quarterly results (Q4) last month. For the quarter ended December 31, 2012, Akamai Technologies reported revenue of $378 million, which represents an increase of 17% over the same period in the previous year. The company’s revenue for 2012 stood at $1.374 billion, up 19% over 2011.
Leighton last month said that with strong revenue and profit performance in the fourth quarter, AKAM closed out 2012 with record results on both the top and bottom line. Leighton further said that throughout the year, the company announced new products across every solution line, closed a record number of strategic acquisitions, and achieved margin expansion through continued improvement in its network efficiency even as the company expanded its capacity globally to meet rising demand for AKAM services.
Akamai Technologies’ net income for the fourth quarter of 2012 was $68 million, or $0.38 per share on a GAAP basis. For 2012, the company reported GAAP net income of $204 million, or $1.12 per share.
Recent Comments