Akamai Technologies Surges to 179th in Trading Volume with $455 Million Day Despite Stock Price Drop
1min read On May 9, 2025, akamai technologies Inc. (AKAM) experienced a significant trading volume of $455 million, marking a 39.05% increase from the previous day. This surge placed akamai at the 179th position in terms of trading volume for the day. However, the stock price of Akamai declined by 10.76%.
Akamai's first-quarter earnings exceeded expectations, driven by strong performance in the Security and Compute verticals. The company reported a 2.9% year-over-year increase in total revenue, reaching $1.02 billion, which slightly surpassed the market consensus of $1.01 billion. This growth was primarily attributed to an 8.2% rise in security revenue.
Ask Aime: Why did Akamai stock tumble despite strong Q1 earnings?
During the earnings call, Akamai's actual earnings per share (EPS) of $1.70 surpassed the forecast of $1.57 by 8.3%. The company also reported a non-GAAP profit of $1.70 per share, which was 8.6% higher than expected. For the next quarter, Akamai anticipates revenue to be around $1.02 billion, which is 1.1% above analysts' estimates.
Looking ahead, Akamai Technologies expects full-year earnings to range from $6.10 to $6.40 per share, with revenue projected to be between $4.05 billion and $4.2 billion. Despite the strong Q1 results, the company faces challenges in maintaining growth in the coming quarters.
