Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Akamai Drops 10%: 2Q, Q3 View Miss; Bracing for OTT Surge

Roshan Dwivedi Published on : 29 July 2015
Akamai

 

Shares of Internet bandwidth provider Akamai Technologies are down $7.65, or over 10%, at $66, in late trading, after the company delivered a weaker-than-expected Q2 earnings report, and forecast this quarter’s revenue and profit below consensus.

The content-delivery and Internet security firm posted adjusted earnings of 57 cents a share, a penny below Wall Street’s estimate, and down 2% from a year ago. (The company notes that EPS was up 3%, adjusted for foreign exchange.) Revenue, up 14% to $541 million, was in line with estimates, per FactSet.

The company called out its continuing investment and preparation for over-the-top television services, and it highlighted 2016 as a likely breakout year for so-called OTT video services, or “over-the-top” streaming of video.

Akamai’s servers touch a significant amount of the world’s Internet traffic, so it’s in a good position to see the transition to OTT. The company plans larger-than-usual CapEx outlays this year as it prepares for the surge in streaming traffic.

Read the entire story here.

Written by: Roshan Dwivedi

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
June 27

9:00AM PST

Leveraging Analytics for Success in the Streaming Industry

A streaming platform’s success is crucially dependent on data. In today’s competitive streaming landscape, data is king. This webinar will unlock the secrets of using analytics to gain…...

Event Language: English
30 Minutes