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Why Akamai Stock Soared Today

TheMotleyFool

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Why Akamai Stock Soared TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Cybersecurity and cloud computing company Akamai (NASDAQ: AKAM) saw an 11.7% gain through noon ET Friday after beating on sales and crushing on earnings last night.

Heading into the report, analysts forecast earnings of $1.64 per share (adjusted for one-time items) on sales of $1.04 billion. Akamai actually reported a $1.86-per-share profit on sales of $1.06 billion -- then raised guidance for the year.

Image source: Getty Images.

Source Fool.com

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