|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||94.73 - 95.15|
|52-week range||94.73 - 95.15|
|Beta (5Y monthly)||0.41|
|PE ratio (TTM)||28.23|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Shares of Akamai Technologies (NASDAQ: AKAM) tanked today, down by 12% as of 11:15 a.m. EST, after the company reported fourth-quarter earnings. The results topped expectations, but Akamai also announced a corporate reorganization. "I am very proud of how the Akamai team supported our global customers and billions of internet users who relied on the internet more than ever before during the COVID-19 pandemic," CEO Tom Leighton said in a statement.
Akamai's (AKAM) Q4 performance reflects continued growth in internet traffic and robust adoption of cloud security solutions amid increasing instances of cyber-attacks.
Ladies and gentlemen, thank you for standing by, and welcome to the Q4 2020 Akamai Technologies, Inc. earnings conference call. Good afternoon, everyone, and thank you for joining Akamai's fourth quarter and fiscal-year 2020 earnings conference call. Speaking today will be Tom Leighton, Akamai's chief executive officer; and Ed McGowan, Akamai's chief financial officer.