Akamai Boosts 2023 Revenue Outlook From $3.765B-$3.795B To $3.802B-$3.822B, Adj EPS Outlook From $5.87-$5.95 To $6.08-$6.13
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies has increased its 2023 revenue outlook from $3.765B-$3.795B to $3.802B-$3.822B. The company also raised its adjusted EPS outlook from $5.87-$5.95 to $6.08-$6.13.
November 07, 2023 | 10:37 pm
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POSITIVE IMPACT
Akamai's raised revenue and EPS outlook for 2023 may positively impact its stock price in the short term.
Akamai's increased revenue and EPS outlook for 2023 indicates strong future performance, which is likely to be viewed positively by investors. This could lead to increased demand for the stock, potentially driving up its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100