Akamai Techs Raises FY24 Adj EPS Guidance From $6.20-6.40 To $6.34-$6.47 vs $6.31 Est; Tightens FY24 Sales Guidance From $3.95B-$4.02B To $3.97B-$4.01B vs $3.99B Est
Portfolio Pulse from Benzinga Newsdesk
Akamai Technologies has raised its FY24 adjusted EPS guidance from $6.20-$6.40 to $6.34-$6.47, surpassing the $6.31 estimate. The company also tightened its FY24 sales guidance from $3.95B-$4.02B to $3.97B-$4.01B, aligning closely with the $3.99B estimate.
August 08, 2024 | 8:08 pm
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Akamai Technologies has raised its FY24 adjusted EPS guidance to $6.34-$6.47, surpassing the $6.31 estimate, and tightened its FY24 sales guidance to $3.97B-$4.01B, aligning closely with the $3.99B estimate.
The raised EPS guidance and tightened sales guidance, both surpassing or aligning closely with estimates, are positive indicators for Akamai's financial health and future performance. This is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100