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Shares of Akamai Technologies (Nasdaq: AKAM) are back below $30 this morning, down close to 4% on broad-market fears that Congress won't negotiate a solution to the debt crisis as next week's deadline looms.

Surely the headline writers have a point, but it's also possible that investors are jittery about the Web content delivery specialist's second-quarter results, which are due after the bell today. Here's a closer look at what Wall Street is expecting:

 

Q2 2011 Earnings Per Share

Q2 2011 Revenue

FY 2011 Earnings Per Share

FY 2011 Revenue

Avg. estimate $0.36 $277.98 mil. $1.57 $1,170 mil.
Est. growth* 5.9% 13.3% 9.8% 14.3%
Analysts following 22 22 22 22

Source: Yahoo! Finance.
* Year-over-year.

Expect investors and traders alike to watch these numbers closely. A miss or even a match would raise concerns that stiff competition from the likes of Limelight Networks (Nasdaq: LLNW), Level 3 Communications (Nasdaq: LVLT), or privately held up-and-comers Cotendo and EdgeCast is taking a toll.

For me, the bigger worry is accelerating growth heading into the second half. I'll be looking for evidence that long-term deals with Netflix (Nasdaq: NFLX) and its peers are boosting profits by pushing huge volume through Akamai's network -- just as management promised back in February.

What are you looking for? Do you believe Akamai will beat estimates? Please vote in the poll below and then leave a comment to explain your thinking. You can also add Akamai to your watchlist for up-to-date analysis on the stock as soon as it's published.

Fool contributorTim Beyers is a member of theMotley Fool Rule Breakers stock-picking team. He owned shares of Akamai at the time of publication. Check out Tim'sportfolio holdings andFoolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insightsdelivered directly to your RSS reader.

Motley Fool newsletter services have recommended buying shares of Akamai Technologies and Netflix, as well as buying puts in Netflix. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insights makes us better investors. The Motley Fool has adisclosure policy.