Akamai Technologies (NASDAQ:AKAM) is likely to post another strong quarter when the company reports earnings on Wednesday, Fool contributor Tim Beyers says in the following video.
The stock has been on a roll, with Akamai beating earnings estimates in recent quarters. High levels of video streaming activity have aided growth, as has an increased interest in using the Akamai network and its Kona Site Defender to provide an additional layer of network security.
Last quarter, security revenue grew 19% year over year and 7% sequentially versus 14% for the entire company. This time around, analysts are looking for $387.5 million in revenue, a 12% jump, and $0.46 in adjusted earnings per share, an 18% year-over-year improvement, according to data supplied by Yahoo! Finance.
Recent history says to expect beats on both the top and bottom lines, though Tim's greater interest is in what progress Akamai has made in putting its acceleration technology into most of the world's Internet-connected devices.
Do you agree? What do you expect from Akamai's Q3 earnings report? Please watch the video to get Tim's full take, and then leave a comment to let us know where you stand.