Akamai Technologies forecasts 2025 results above estimates on security segment strength
Akamai Technologies
on Thursday forecast annual results above estimates following an upbeat first quarter, helped by steady demand for its
cybersecurity
and
cloud services
.
The company is seeing strong momentum in its security and compute verticals, as enterprises ramp up investments in securing applications and web infrastructure amid the accelerating adoption of cloud technologies.
Akamai is also well-positioned to benefit from the surge in
mobile data traffic
, fueled by the growing use of mobile applications and services.
Its security segment, which accounted for roughly 52% of total revenue, grew 8% to $531 million in the quarter.
Shares of the Cambridge, Massachusetts-based company rose 1.4% in extended trading.
Akamai expects annual revenue between $4.05 billion and $4.20 billion, the midpoint of which is above the analysts' average estimate of $4.11 billion, according to data compiled by LSEG.
It sees 2025 adjusted profit per share in the range of $6.10 to $6.40, compared to estimates of $6.24.
Akamai provides
content delivery network
(CDN) services to optimize web performance and reduce bandwidth congestion. It also offers cloud infrastructure solutions that improve the security and reliability of apps and web assets from data centers to end users.
It posted first-quarter revenue of $1.02 billion, compared to analysts' average estimate of $1.01 billion.
On an adjusted basis, it posted adjusted earnings of $1.70 per share for the quarter ended March 31, compared with estimates of $1.57 per share.
The cybersecurity company expects second-quarter revenue between $1.01 billion and $1.03 billion. Analysts' average expectations were at $1.01 billion.
The company forecasts second-quarter adjusted earnings per share in the range of $1.52 to $1.58, compared to estimates of $1.52.
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