Sees Q4 revenue $995M-$1.02B, consensus $1.03B. Sees Q4 gross margin 72%-73%. Sees Q4 operating expenses $321M-$327M. Sees Q4 adjusted EBIT margin 40%-41%. Sees Q4 operating margin 27%-28%. Sees Q4 capital expenditures $184M-$192M. Sees Q4 tax rate 19%. Says traffic growth will eventually rebound. Says will eliminate 2.5% of roles across the company. Guidance and comments taken from Q3 earnings conference call.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKAM:
- Akamai sees 2024 EPS $6.31-$6.38, consensus $6.43
- Akamai reports Q3 non-GAAP EPS $1.59, consensus $1.59
- Akamai sees Q4 non-GAAP EPS $1.49-$1.56, consensus $1.62
- AKAM Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Akamai, Kyndryl partner to deliver Micro-Segmentation Implementation Services