Iron Mountain third-quarter FFO rises amid strong data center demand [Yahoo! Finance]
Akamai Technologies, Inc. (AKAM)
Last akamai technologies, inc. earnings: 4/28 04:01 pm
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Source: Yahoo! Finance
The Boston, Massachusetts-based real estate investment trust's adjusted funds from operations, a key measure of cash flow, rose 11% to $1.13 per share in the quarter ended Sept. 30, from the year-ago period. Despite weak enterprise spending in an unstable economic climate, businesses continue to invest heavily in data centers, driven by the need to manage growing AI workloads and support ongoing cloud migration efforts. This bodes well for companies such as Iron Mountain, which leases data centers and counts cloud service providers such as Oracle and Akamai Technologies among its clients. Peer Digital Realty posted growth in its third-quarter FFO last month on the back of resilient demand for its data center services. Iron Mountain reported quarterly revenue of $1.56 billion, ahead of analysts' estimates of $1.55 billion, according to data compiled by LSEG. The company's storage rental segment, its largest by revenue share, rose 9% to $936 million from a year earlier. (Re
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AKAM
News
- New Study Finds 84% of Security Professionals Experienced an API Security Incident in the Past YearPR Newswire
- Akamai Launches Cloud-Agnostic, Ready-to-Run Application PlatformPR Newswire
- Akamai Technologies, Inc. (NASDAQ: AKAM) was upgraded by analysts at Hsbc Global Res from a "hold" rating to a "strong-buy" rating.MarketBeat
- Akamai Technologies, Inc. (NASDAQ: AKAM) had its price target lowered by analysts at Robert W. Baird from $120.00 to $115.00. They now have an "outperform" rating on the stock.MarketBeat
- Akamai Technologies, Inc. (NASDAQ: AKAM) was upgraded by analysts at HSBC Holdings plc from a "hold" rating to a "buy" rating. They now have a $121.00 price target on the stock.MarketBeat
AKAM
Earnings
- 11/7/24 - Beat
AKAM
Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 9/13/24 - Form 4
- AKAM's page on the SEC website