Akamai Technologies Acquires Select Enterprise Customer Contracts From StackPath; Transaction To Add ~$20M In Revenue And Be Accretive To Non-GAAP Earnings Per Share By $0.03-$0.05 For FY24
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies has acquired select enterprise customer contracts from StackPath. The transaction is expected to add approximately $20M in revenue and be accretive to non-GAAP earnings per share by $0.03-$0.05 for FY24.
August 24, 2023 | 8:03 pm
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Akamai's acquisition of select enterprise customer contracts from StackPath is expected to boost its revenue by about $20M and increase its non-GAAP EPS by $0.03-$0.05 for FY24.
The acquisition is expected to add significant revenue to Akamai's books and also increase its non-GAAP earnings per share, which are both positive indicators for the company's financial health. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100