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VASCO Data Security International Inc. (NASDAQ:VDSI) posted first quarter revenue of $32.3 million, missing consensus of $37.80 million.
NII Holdings Inc. (NASDAQ:NIHD) showed a first quarter revenue of $1.63 billion, against consensus of $1.69 billion.
Akamai Technologies Inc. (NASDAQ:AKAM) released its first quarter earnings Wednesday night, beating the consensus of 38 cents per share with 41 cents, and with revenue also higher than forecast. On the downside, the Internet content delivery infrastructure provider posted its adjusted earnings before taxes, interest, depreciation and amortization (EBITDA), which fell 2 percent year-over-year to 45 percent. As for second quarter revenue guidance, the firm exceeds consensus of $314.84 million with a range between $322 million and $330 million, but misses the earnings per share estimate of 39 cents, with a range of 36 to 38 cents. In addition, Akamai says that it might lose 1 to 2 percent off its gross margins in the second quarter. CEO Paul Sagan, who will step down at the end of next year, remarked that, “We are very pleased with our first quarter results, which were driven by continued adoption of our cloud infrastructure solutions and an acceleration of traffic growth in our content delivery solutions. Customers have responded positively to the product investments we have made to support mobile and cloud computing, Web security, and the shift of video and other rich media to the Internet.”. The CEO will stay on at Akamai until the naming of his successor and the transition is complete. Meanwhile, Cowen suggests buying shares on weakness, since the company should gain from higher services demand and margin increases in the second half of this year.
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