ReutersReuters

Akamai Technologies falls after weak forecasts

RefinitivLess than 1 min read

** Cloud company Akamai Technologies' AKAM shares fall 5.5% to $92.62 after the bell

** AKAM forecasts both Q1 and annual revenue below estimates

** Sees FY25 revenue between $4 billion and $4.20 billion, below estimates of $4.26 billion, according to data complied by LSEG

** Expects Q1 revenue in the range of $1 billion to $1.02 billion vs estimates of $1.05 billion

** Posts revenue of $1.02 billion for Q4, in line with estimates

** AKAM fell 19% in 2024

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