Posted by : Randy Cooper in (CDN)

Akamai Blows Quarter, Stock Down 10%

akamai-logoContent delivery network Akamai Technologies (AKAM) is down 10% after-hours after missing sales and EPS consensus.

On the company’s earnings call, CEO Paul Sagan said Akamai “saw stronger pricing pressure in volume media business during Q2,” according to Reuters, and said it “saw churn rise among small customers.”

CAMBRIDGE, Mass. (AP) — Akamai Technologies Inc. says its second-quarter net income rose 5 percent as demand for its Internet caching services grew despite the recession, but results missed expectations and shares tumbled 11 percent after-hours.

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